West Greenland Hub - Germanium, Gallium and Other Strategic Minerals Confirmed at West Greenland Hub

The most recent news, dated November 11, 2025, provides an update on the company's newly established West Greenland Hub. Re-assaying of a bulk sample from the historic Black Angel mine has confirmed the expected high-grade zinc (24.6%), lead (28.1%), and silver (295 g/t) mineralization. Crucially, the re-assay also identified the unexpected presence of high-grade strategic minerals: Germanium (44.4 ppm), Gallium (21.2 ppm), and Cadmium (1328.2 ppm). The company also noted that conditions precedent for the acquisition of the Black Angel mine and Kangerluarsuk licences have been completed, with final approval from the Government of Greenland expected in Q4 2025. Black Angel is now slated as the company's next mine development project.

The confirmation of unexpected, high-value strategic minerals like Germanium and Gallium at the Black Angel project is a material positive development. While the high-grade zinc, lead, and silver were anticipated and are positive in their own right, the addition of these critical minerals provides a significant potential economic enhancement to the project. Germanium and Gallium are crucial for high-tech applications such as semiconductors and fiber optics, and their presence could add valuable by-product credits, improving the overall project economics.

This news provides immediate and positive validation for the strategic acquisition announced in June 2025. It demonstrates management's ability to identify undervalued assets and unlock hidden potential. By establishing Black Angel as the next development project, Amaroq is solidifying its diversification strategy beyond gold into strategic base and critical metals. This development significantly de-risks the Black Angel acquisition and strengthens the rationale for the West Greenland Hub. The market should view this as a successful early outcome of the company's expanded strategy, though it's important to remember these are re-assay results from bulk samples, not a formal resource estimate. The economic viability is yet to be proven through technical studies.

Amaroq Ltd. is a mining company focused on the identification, acquisition, exploration, and development of gold and strategic mineral properties in Greenland. Its flagship asset is the 100%-owned Nalunaq Gold Mine, which achieved its first gold pour in November 2024 and is currently in the process of ramping up to full production. The company's strategy has evolved to include a "hub and spoke" model, leveraging the Nalunaq infrastructure to explore and potentially develop satellite gold deposits like Nanoq. Concurrently, Amaroq is establishing a new "West Greenland Hub" focused on strategic metals, anchored by the past-producing Black Angel zinc-lead-silver mine.