Amaroq Simplifies Securities, Signals Confidence in Greenland Mineral Development

REYKJAVÍK, ICELAND – November 03, 2025 – Amaroq Ltd., a mine development corporation focused on unlocking Greenland’s mineral potential, has completed a strategic restructuring of its securities, automatically converting Icelandic Depository Receipts (IDRs) into Depositary Interests (DIs) on November 11, 2025. This move is designed to simplify ownership and trading under a unified ISIN (CA02311U1030) on Nasdaq Iceland, denominated in Icelandic króna, and is expected to enhance investor accessibility and liquidity.

Streamlining for Increased Investor Access

The conversion, requiring no action from existing shareholders, underscores Amaroq’s commitment to optimizing its market presence as it continues to develop its flagship asset, the Nalunaq Gold mine, and a broader portfolio of strategic metals within Greenland. The simplification aims to remove complexities associated with dual listings and different security types, potentially attracting a wider investor base and increasing trading volume. “The move reflects a broader industry trend towards streamlining capital structures,” says one market analyst. “Companies are recognizing the benefits of making it easier for investors to participate.”

This streamlining effort isn’t just about administrative convenience; it’s about actively courting a broader range of investors. With a unified security structure, Amaroq aims to appeal to both institutional and retail investors who may have been previously deterred by the complexities of navigating multiple listing types.

Navigating a Complex Landscape: The Benefits of Unification

Amaroq’s shares are listed on multiple international exchanges – AIM, TSX-V, NASDAQ Iceland, and OTCQX – creating a fragmented ownership structure. Prior to the conversion, investors holding IDRs faced additional layers of complexity when trading their shares. The unification addresses this by creating a single, universally recognized security.

While detailed public data on the specific number of IDRs held before the conversion remains limited, market sources suggest a significant institutional presence among Amaroq's shareholder base, with over 40% held by strategic investors, including Danish and Greenlandic sovereign funds and Greenland’s largest pension fund. These sophisticated investors are likely to appreciate the simplification of the trading process.

“The decision to consolidate securities demonstrates a proactive approach to investor relations,” notes one industry observer. “It’s about making the company more attractive and easier to invest in.” The company’s management views this simplification as a key step in its long-term growth strategy, paving the way for increased capital flow and sustained development of its projects.

Regulatory Oversight and Market Performance

The conversion process was conducted under the watchful eyes of relevant regulatory bodies. As a company incorporated under the Business Corporations Act (Ontario), Amaroq adheres to Canadian corporate and securities laws, alongside the regulations of the exchanges where it is listed. “Transparency and compliance are paramount,” says a regulatory source. “The company has demonstrated a commitment to meeting all required obligations.”

Recent market performance indicates positive momentum for Amaroq. As of mid-November 2025, the company’s shares were trading around CAD 1.73 - 1.75 on the TSX-V, with a 52-week range of CAD 1.13 to CAD 2.99. On AIM, shares were trading around 92.00p - 93.20p, within a 52-week range of 60.00p to 121.50p. Nasdaq Iceland saw prices around ISK 158.00 on November 14, 2025. Trading volumes on Nasdaq Iceland experienced a significant surge on November 11, 2025 – the day of the conversion – exceeding its daily average by over 200%. This suggests strong investor interest in the newly simplified security.

Analysts covering Amaroq generally maintain a positive outlook, with a “Buy” consensus recommendation reported by MarketScreener. Target prices, currently around 109.42p, indicate potential upside for investors. Recent quarterly results and investor presentations continue to fuel this positive sentiment.

Future Prospects and Greenland’s Mineral Potential

The move to streamline securities isn't an isolated event but rather part of a broader strategy to unlock the full potential of Greenland’s mineral resources. Amaroq’s flagship Nalunaq Gold mine is poised to become a significant producer, and the company is actively exploring other promising projects in the region. “Greenland is a largely untapped mineral frontier,” notes one expert in the mining sector. “Companies like Amaroq are leading the way in developing this resource base.”

The company’s commitment to responsible mining practices and sustainable development is also gaining recognition. Amaroq is actively engaging with local communities and stakeholders to ensure that its operations benefit the region economically and environmentally. “We are committed to being a responsible corporate citizen,” says a company spokesperson. “Our goal is to create value for our shareholders while also contributing to the well-being of the communities in which we operate.”

With a simplified capital structure, a promising portfolio of projects, and a commitment to sustainable development, Amaroq appears well-positioned to capitalize on the growing demand for critical minerals and contribute to the economic development of Greenland. The recent securities conversion is a key step in this journey, signaling confidence in the company’s future prospects and a commitment to attracting a wider range of investors.