{"success":true,"data":{"pressRelease":{"id":"60827","rtpr_id":"nGNX59LZrh","ticker":"AMRQ","exchange":"LSE","all_tickers":["AMRQ"],"title":"Commissioning of Flotation Circuit and Completion of Phase 2 at Nalunaq","author":"Globe Newswire","published_at":"2026-06-11T06:00:00.538Z","article_body":"Reykjavík, June 11, 2026 (GLOBE NEWSWIRE) -- Amaroq Ltd.\n\nCommissioning of Flotation Circuit and Completion of Phase 2 at Nalunaq\n\n11 June 2026 – Amaroq Ltd. (AIM, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an\nindependent mine development company focused on unlocking Greenland’s\nmineral potential, is pleased to announce that the flotation recovery circuit\nhas been installed and commissioned at the processing unit of the Nalunaq gold\nmine, completing Phase 2.\n\nFlotation recovery circuit completed, commissioned and operational\n* Final construction and commissioning of the flotation circuit completed on\nschedule and in line with guidance.\n* The process plant is now operating at design specification, with gravity\nrecovery and flotation recovery circuits operating well together.\n* First gold concentrate has been produced and bagged, alongside the existing\nregular Dore gold bar pours.\n* Overall gold recovery is expected to increase from a range of 50-70% under\nthe gravity-only circuit to approximately 90-95% following the commissioning\nof the flotation circuit, materially enhancing gold production from the same\nore feed.\n* Gold-bearing tailings at ~6g/t, previously transported back to the mine\nsince first pour in November 2024, will be gradually reintroduced to the\nprocessing plant, in order to recover additional contained gold.\n* The Company reiterates FY2026 gold production guidance of 25-35 koz and\nconfirms the production range for H1 2026 of between 7,000 and 10,000 oz of\ngold.\nEldur Olafsson, CEO of Amaroq Ltd., commented:\n“I am very pleased to announce the completion of the construction and\ncommissioning of the Phase 2 flotation circuit at the Nalunaq processing\nplant. It is important to note this significant milestone, which enables us to\nincrease expected gold recoveries from ~61%, achieved in the first quarter of\nthe year, ramping up to ~90 to 95% for the remainder of the year. This\nincreases confidence in our annual guidance range, which was contingent on the\ntiming of the successful start-up of flotation recovery. I would like to thank\nour construction and commissioning teams for all their hard work in safely\ndelivering this important project.”\n\nEnquiries:\nAmaroq Ltd. C/O \nEd Westropp, Chief Corporate Development and Strategy Officer \n+44 (0)7385 755711\newe@amaroqminerals.com\n\nPanmure Liberum Limited (Nominated Adviser and Corporate Broker)\nScott Mathieson\nPiers Shimwell\nFreddie Wooding\n+44 (0) 20 7886 2500\n\nCanaccord Genuity Limited (Corporate Broker)\nJames Asensio\nRory Blundell\nHarry Rees\n+44 (0) 20 7523 8000\n\nCitigroup Global Markets (Corporate Broker) \nAndrew Miller-Jones\nDavid Herring\n+44 (0) 207 986 3463\n\nCamarco (Financial PR)\nElfie Kent\nFergus Young \n+44 (0) 20 3757 4980\n\nFurther Information:\n\nAbout Amaroq\n\nAmaroq’s principal business objectives are the identification, acquisition,\nexploration, and development of gold and strategic metal properties in South\nGreenland. The Company’s principal asset is a 100% interest in the Nalunaq\nGold mine. The Company has a portfolio of gold and strategic metal assets in\nSouthern Greenland covering the two known gold belts in the region as well as\nadvanced exploration projects at Stendalen and the Sava Copper Belt exploring\nfor Strategic metals such as Copper, Nickel, Rare Earths and other minerals.\nAmaroq is continued under the Business Corporations Act (Ontario) and wholly\nowns Nalunaq A/S, incorporated under the Greenland Companies Act.\n\nInside Information\n\nThis announcement does not contain inside information.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/339067de-ff2d-48df-b28a-e34eb4ae308c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX59LZrh","title":"Commissioning of Flotation Circuit and Completion of Phase 2 at Nalunaq","author":"Globe Newswire","ticker":"AMRQ","created":"2026-06-11T06:00:00.538Z","tickers":["AMRQ"],"exchange":"LSE","article_body":"Reykjavík, June 11, 2026 (GLOBE NEWSWIRE) -- Amaroq Ltd.\n\nCommissioning of Flotation Circuit and Completion of Phase 2 at Nalunaq\n\n11 June 2026 – Amaroq Ltd. (AIM, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an\nindependent mine development company focused on unlocking Greenland’s\nmineral potential, is pleased to announce that the flotation recovery circuit\nhas been installed and commissioned at the processing unit of the Nalunaq gold\nmine, completing Phase 2.\n\nFlotation recovery circuit completed, commissioned and operational\n* Final construction and commissioning of the flotation circuit completed on\nschedule and in line with guidance.\n* The process plant is now operating at design specification, with gravity\nrecovery and flotation recovery circuits operating well together.\n* First gold concentrate has been produced and bagged, alongside the existing\nregular Dore gold bar pours.\n* Overall gold recovery is expected to increase from a range of 50-70% under\nthe gravity-only circuit to approximately 90-95% following the commissioning\nof the flotation circuit, materially enhancing gold production from the same\nore feed.\n* Gold-bearing tailings at ~6g/t, previously transported back to the mine\nsince first pour in November 2024, will be gradually reintroduced to the\nprocessing plant, in order to recover additional contained gold.\n* The Company reiterates FY2026 gold production guidance of 25-35 koz and\nconfirms the production range for H1 2026 of between 7,000 and 10,000 oz of\ngold.\nEldur Olafsson, CEO of Amaroq Ltd., commented:\n“I am very pleased to announce the completion of the construction and\ncommissioning of the Phase 2 flotation circuit at the Nalunaq processing\nplant. It is important to note this significant milestone, which enables us to\nincrease expected gold recoveries from ~61%, achieved in the first quarter of\nthe year, ramping up to ~90 to 95% for the remainder of the year. This\nincreases confidence in our annual guidance range, which was contingent on the\ntiming of the successful start-up of flotation recovery. I would like to thank\nour construction and commissioning teams for all their hard work in safely\ndelivering this important project.”\n\nEnquiries:\nAmaroq Ltd. C/O \nEd Westropp, Chief Corporate Development and Strategy Officer \n+44 (0)7385 755711\newe@amaroqminerals.com\n\nPanmure Liberum Limited (Nominated Adviser and Corporate Broker)\nScott Mathieson\nPiers Shimwell\nFreddie Wooding\n+44 (0) 20 7886 2500\n\nCanaccord Genuity Limited (Corporate Broker)\nJames Asensio\nRory Blundell\nHarry Rees\n+44 (0) 20 7523 8000\n\nCitigroup Global Markets (Corporate Broker) \nAndrew Miller-Jones\nDavid Herring\n+44 (0) 207 986 3463\n\nCamarco (Financial PR)\nElfie Kent\nFergus Young \n+44 (0) 20 3757 4980\n\nFurther Information:\n\nAbout Amaroq\n\nAmaroq’s principal business objectives are the identification, acquisition,\nexploration, and development of gold and strategic metal properties in South\nGreenland. The Company’s principal asset is a 100% interest in the Nalunaq\nGold mine. The Company has a portfolio of gold and strategic metal assets in\nSouthern Greenland covering the two known gold belts in the region as well as\nadvanced exploration projects at Stendalen and the Sava Copper Belt exploring\nfor Strategic metals such as Copper, Nickel, Rare Earths and other minerals.\nAmaroq is continued under the Business Corporations Act (Ontario) and wholly\nowns Nalunaq A/S, incorporated under the Greenland Companies Act.\n\nInside Information\n\nThis announcement does not contain inside information.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/339067de-ff2d-48df-b28a-e34eb4ae308c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-11T06:00:00.580233338Z","server_sent_at_ms":1781157600580},"received_at":"2026-06-11T06:00:00.662Z","source_url":null},"analysis":{"id":"50252","press_release_id":"60827","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"operations_update","narrative":"Amaroq Ltd. has completed the installation and commissioning of the flotation recovery circuit at its Nalunaq gold mine, marking the completion of Phase 2.\n\nThe new circuit is expected to increase overall gold recovery from approximately 61% to 90-95%, significantly enhancing production from the same ore feed.\n\nThe company reiterated its FY2026 gold production guidance of 25-35 koz and confirmed H1 2026 production of 7,000-10,000 oz, noting that gold-bearing tailings will be reintroduced to recover additional contained gold.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Nalunaq Phase 2 complete: Flotation circuit boosts recovery to 90-95%, de-risking FY26 guidance."},"keyFigures":{"customDimensions":{"tailings_grade":"~6g/t","new_recovery_rate":"90-95%","previous_recovery_rate":"~61%","fy2026_production_guidance":"25-35 koz","h1_2026_production_guidance":"7,000-10,000 oz"}},"quotedText":"I am very pleased to announce the completion of the construction and commissioning of the Phase 2 flotation circuit at the Nalunaq processing plant. It is important to note this significant milestone, which enables us to increase expected gold recoveries from ~61%, achieved in the first quarter of the year, ramping up to ~90 to 95% for the remainder of the year.","namedEntities":{"people":[{"name":"Eldur Olafsson","role":"CEO"},{"name":"Ed Westropp","role":"Chief Corporate Development and Strategy Officer"}],"products":["Nalunaq gold mine","gold concentrate","Dore gold bar"],"companies":[{"name":"Amaroq Ltd.","ticker":"AMRQ","relationship":"filer"},{"name":"Nalunaq A/S","relationship":"subsidiary"},{"name":"Panmure Liberum Limited","relationship":"Nominated Adviser and Corporate Broker"},{"name":"Canaccord Genuity Limited","relationship":"Corporate Broker"},{"name":"Citigroup Global Markets","relationship":"Corporate Broker"},{"name":"Camarco","relationship":"Financial PR"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Completion of Phase 2 flotation circuit is a significant operational milestone that materially increases gold recovery rates from ~61% to 90-95%. This de-risks the FY2026 production guidance and confirms the company is on track to meet its annual targets."},"tickerRelevance":{"others":[],"primary":"AMRQ"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"operational_milestone","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Amaroq Ltd. has completed the installation and commissioning of the flotation recovery circuit at its Nalunaq gold mine, marking the completion of Phase 2.\n\nThe new circuit is expected to increase overall gold recovery from approximately 61% to 90-95%, significantly enhancing production from the same ore feed.\n\nThe company reiterated its FY2026 gold production guidance of 25-35 koz and confirmed H1 2026 production of 7,000-10,000 oz, noting that gold-bearing tailings will be reintroduced to recover additional contained gold.","key_figures":{"customDimensions":{"tailings_grade":"~6g/t","new_recovery_rate":"90-95%","previous_recovery_rate":"~61%","fy2026_production_guidance":"25-35 koz","h1_2026_production_guidance":"7,000-10,000 oz"}},"named_entities":{"people":[{"name":"Eldur Olafsson","role":"CEO"},{"name":"Ed Westropp","role":"Chief Corporate Development and Strategy Officer"}],"products":["Nalunaq gold mine","gold concentrate","Dore gold bar"],"companies":[{"name":"Amaroq Ltd.","ticker":"AMRQ","relationship":"filer"},{"name":"Nalunaq A/S","relationship":"subsidiary"},{"name":"Panmure Liberum Limited","relationship":"Nominated Adviser and Corporate Broker"},{"name":"Canaccord Genuity Limited","relationship":"Corporate Broker"},{"name":"Citigroup Global Markets","relationship":"Corporate Broker"},{"name":"Camarco","relationship":"Financial PR"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-11T06:02:23.664Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"operational_milestone","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":61179,"modelName":"george-droid-qwen-72b"}}