Amaroq agrees key Nalunaq contracts with Thyssen Schachtbau and Tamarack Mining Services
04 October 2023 - 5:00PM
(
"Amaroq" or
the
"Corporation" or
the
"Company")
Amaroq agrees
key Nalunaq contracts
with Thyssen Schachtbau
and Tamarack Mining Services
TORONTO, ONTARIO – October 4, 2023 – Amaroq
Minerals Ltd. (AIM, TSXV, NASDAQ Iceland Main Market: AMRQ),
Icelandic reg. no 600122-9910, an independent mine development
company with a substantial land package of gold assets and
strategic mineral licenses in Southern Greenland, is pleased to
confirm that it has today signed a contract mining agreement with
Thyssen Schachtbau GmbH (“Thyssen Schachtbau”) and a procurement
and supply chain support agreement with Tamarack Mining Services
(“Tamarack”).
Highlights:
- Thyssen
Schachtbau is a Germany-based leading, specialized mining
contractor, with 150+ years of experience working in remote
locations with challenging logistics and Arctic conditions.
- The
initial two-year contract mining agreement with Thyssen Schachtbau
covers the rehabilitation of the existing portals, ramps,
ventilation, and electricity supply of the targeted mining area,
followed by the initial development and stoping of the high-grade
Mountain Block.
- Tamarack
is a Canada-based Group Purchasing Organization (GPO) exclusively
serving the global mining industry, created from a combined 50+
years of experience in international mining procurement and supply
chain services with active operations across North America and now
Greenland.
-
Mobilisation activities are well underway with procurement of all
key long lead items completed. Delivery of the first containers to
the Nalunaq site took place on September 13, 2023.
-
Rehabilitation activities at Nalunaq will start during the first
week of October 2023.
Eldur Olafsson, CEO
of Amaroq,
commented:
“Securing these contracts with experienced and
reliable partners is a critical step forward in the restart of the
Nalunaq mine. A key factor in our selection criteria for both
parties was their expertise in working with projects in remote
locations, as well as their focus on safety and efficiency. With
these agreements now in place, we are ready to move to the next
phase of the project’s development, with rehabilitation activities
due to start this month.”
Markus
Beermann, CEO
of Thyssen
Schachtbau,
commented:
“We are pleased to support Amaroq with this
project and look forward to commencing works on the Nalunaq
project. Thyssen Schachtbau will leverage its extensive experience
with successfully progressing mining projects in Arctic locations
similar to Nalunaq. Moreover, it is a great opportunity for
expanding and diversifying our portfolio in the region with
tremendous exploration and mining potential.”
Ben-Schoeman
Geldenhuys, Co-founder of
Tamarack Mining Services, commented:
“Due to Nalunaq’s remote location, ensuring
seamless procurement and logistical processes will be key to its
success. Tamarack Mining Services provides unrivaled procurement
support and negotiation power in this space. Amaroq’s adoption of
Tamtek’s Blindspot™ AI Technology for supply chain, procurement,
and maintenance, demonstrates its commitment to innovation in
mining. We are excited to work with Amaroq as they continue to
demonstrate their strong commitment and leadership in the
development of Greenland’s mining sector.”
Enquiries:
Amaroq Minerals Ltd. Eldur Olafsson,
Executive Director and CEOeo@amaroqminerals.com
Eddie Wyvill, Corporate Development +44 (0)7713
126727ew@amaroqminerals.com
Stifel Nicolaus Europe Limited (Nominated Adviser
and Joint Broker)Callum
StewartVarun TalwarSimon MensleyAshton Clanfield+44 (0) 20 7710
7600
Panmure Gordon (UK) Limited (Joint
Broker)John PriorHugh RichDougie Mcleod+44 (0) 20 7886
2500
Camarco (Financial PR)Billy CleggElfie
KentCharlie Dingwall+44 (0) 20 3757 4980
For Company updates:
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Further Information:
About Amaroq Minerals
Amaroq Minerals' principal business objectives
are the identification, acquisition, exploration, and development
of gold and strategic metal properties in Greenland. The Company's
principal asset is a 100% interest in the Nalunaq Project, an
advanced exploration stage property with an exploitation license
including the previously operating Nalunaq gold mine. The
Corporation has a portfolio of gold and strategic metal assets in
Southern Greenland covering the two known gold belts in the region.
Amaroq Minerals is incorporated under the Canada Business
Corporations Act and wholly owns Nalunaq A/S, incorporated under
the Greenland Public Companies Act.
About Thyssen
Schachtbau
Thyssen Schachtbau is a Germany-based leading,
specialized mining contractor, offering a comprehensive portfolio
of services in the field of horizontal and vertical mining and
excavation with a wealth of technical know-how and experience
dating back 150 years.
https://www.thyssen-schachtbau.com/en/
About Tamarack Mining
Services
Tamarack Mining Services is a full-service Group
Purchasing Organization (GPO) dedicated to the mining industry.
Tamarack Mining Services’ performance optimization solutions
include group purchasing, advisory services, Tamtek supply chain
and procurement technology, and global procurement services.
Tamarack Mining Services simplifies supply chains for the mining
sector, are a powerful channel partner for best-in-class global and
local suppliers, and support the growth of the mining ecosystem
with local collaboration and participation.
https://www.tamarackms.com/about-us
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Inside Information
This announcement does not contain inside information.
- 2023-09-28 Thyssen Tamarack RNS final BSG_SNEL Comments AS -
CAM
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