K&L Gates Advised Greenland-Focused Mining Company Amaroq Minerals on £45 Million Capital Raise

K&L Gates Advised Greenland-Focused Mining Company Amaroq Minerals on £45 Million Capital Raise

Global Leading Law firm K&L Gates has advised Amaroq Minerals (AIM, TSX-V, NASDAQ Iceland: AMRQ), an independent mine development corporation focused on unlocking Greenland’s mineral potential, on its £45 million capital raise through the subscription and placement of approximately 53 million shares to investors across the United Kingdom, United States, and Iceland.

The fresh capital will be used to support the ongoing commissioning and production expansion at Nalunaq, a gold mine in South Greenland, as well as complete technical studies in relation to this production expansion. It will also be used to create a new hub in West Greenland and accelerate and deepen exploration drilling and support the preparation of related technical studies.

Green Said "We are proud to have supported Amaroq Minerals in its recent fundraising, which reflects growing investor confidence in the company’s strategic mineral development initiatives in Greenland. This capital raise also aligns with broader market trends, as both individual and institutional investors are increasingly backing projects that advance resource security and sustainable development goals."

K&L Gates the Corporate team was led by London James Green (Partner), Sean M. Jones (Partner) , and Robert F. Boughey (Senior Associate), Madeleine R. Williams (Senior Associate), and Jeffrey K. Pititto (Associate) and Charles Lush (Trainee Solicitor).

Click to know more about K&L Gates

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.