Amaroq Minerals stock surges as Greenland’s mineral wealth enters the global crosshairs
Amaroq Minerals Ltd. (AMRQ), an Icelandic company listed on NASDAQ Iceland, has seen its stock price soar following President-elect Donald Trump’s renewed interest in Greenland. Amaroq’s share price closed today at 110.50 ISK, marking a 3.61% increase since yesterday and a hefty 17.54% rise over the past month.
The surge hints at growing investor enthusiasm for companies with operations in Greenland, where Amaroq focuses on gold and strategic mineral exploration. The company’s flagship project, the Nalunaq gold project in Southern Greenland, has been drawing attention as it advances toward full-scale production.
Recent exploration at Nalunaq has yielded promising results. In December 2024, Amaroq reported high-grade gold findings at the Eagle’s Nest target within the Nalunaq mining license area. These results indicate the significant potential of the project, with CEO Eldur Ólafsson describing the discovery as a major step forward in unlocking Greenland’s mineral wealth.
In December 2024, Amaroq successfully raised approximately £27.5 million to accelerate development in the region. This renewed geopolitical focus on Greenland’s resource potential appears to be bolstering Amaroq’s market value and highlights a potential trend of growing investor interest in Greenland’s mining industry, driven by the region’s untapped resource opportunities.
President-elect Trump’s pick for National Security Adviser U.S. Congressman Mike Waltz recently underscored the importance of Greenland’s strategic mineral reserves, highlighting their role in supporting U.S. technological and defense industries. He claimed that securing access to these resources is vital to maintaining a competitive edge in global markets and addressing supply chain vulnerabilities.
