Reykjavík, Nov. 19, 2025 (GLOBE NEWSWIRE) — Amaroq Ltd. Improved debt financing agreement TORONTO, ONTARIO – 19 November 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland's mineral potential, is pleased to announce a fourteen month extension and improved margins of its debt financing package with Landsbankinn hf. (“Landsbankinn”), as announced 30 December 2024. Ellert Arnarson, Amaroq CFO, commented: “The Nalunaq project in South Greenland is well advanced in its commissioning and beginning to generate revenues, which will unlock the improved margins on our financing facility and lower operating costs. We also continue to pursue additional financing opportunities, including with offtakers and credit agencies, to further support the Company's growth and balance sheet strength.” Details of the agreement: The Company has a revolving credit facility with Landsbankinn, for a total commitment of US $35.245 million. This is spread across three tranches, A, B & C (together the “Facility”). The Company and Landsbankinn have reached an amended agreement for the Facility, whereby: The amendment carries a 0.7% fee of total commitments (US$245,000), which has been capitalised through facility B. The Facility remains secured by a combination of property and operational equipment mortgages, share pledges over subsidiaries, bank account pledges, and a license transfer agreement. Enquiries: Ed Westropp, Head of BD and Corporate Affairs Eddie Wyvill, Corporate Development Panmure Liberum Limited (Nominated Adviser and Corporate Broker) Canaccord Genuity Limited (Corporate Broker) Camarco (Financial PR) Further Information: Amaroq's principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company's principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Inside Information This announcement does not contain inside information.
(“Amaroq” or the “Company”)
“We are very pleased to have executed an amendment to our debt financing agreement with Landsbankinn, extending the maturity from December 2026 to February 2028 and the potential to improve overall terms to 4.5% plus SOFR, thereby enhancing Amaroq's financial flexibility.
Amaroq Ltd.
Ellert Arnarson, CFO
ea@amaroqminerals.com
+44 (0)7385 755711
ewe@amaroqminerals.com
+44 (0)7713 126727
ew@amaroqminerals.com
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500
James Asensio
Harry Rees
+44 (0) 20 7523 8000
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
About Amaroq
