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Amaroq and GCAM secure C$6.5M funding for Greenland rare earth and iron ore projects.

Company Fundamentals
13 Jul 2026
GlobeNewsWire
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Bullish
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Amaroq Ltd. and GCAM LP have agreed to provide a total of C$6.5 million in funding to Gardaq A/S to support its 2026/27 exploration program in Greenland. This funding targets the Ilua rare earth project, currently under drilling, and the Minturn iron ore and IOCG project in northern Greenland. The subscription agreement maintains the existing ownership split, with Amaroq holding 51% and GCAM 49%. This investment will advance exploration activities in strategic minerals, reinforcing Amaroq's focus on unlocking Greenland's mineral potential.

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