It is rare that fact reads like fiction. The company announces increased gold reserves around a producing mine and the shares struggle to catch a bid. To be fair I'd like the prices to soften more so I can buy more.
Gold trading in a range will give the market a reason to ignore this for a while longer. All the time things are building. Earnings report in 10 days. They just need to keep hitting targets.
Good tidings from Nalunaq. You can't self fund if the cash register is empty before there is enough money in the treasury. The drill results as I understand them show the formation we are mining extends much further and the grade remains very good. It extends down dip as well but more drilling is needed. The formation is there which is the important thing.
The bigger Nalunaq is, the less risk of dilution down the line. The gold price is also very supportive.
A nice launch pad for 2026. The move in silver and the noises from the bond market suggest the price of gold will at least hold (over the long run, even if there is some volatility)
There are a few potential catalysts coming as well:
The first month where the mine delivers several thousand ounces (as a precursor to 35k+ ounces in the year).
US/EU/Danish government funding for rare earths, strongly implied to be coming (though no guarantees).
Nanoq exploration results, which I suspect will be stellar.
Upgrade to 450tpd of processing.
Watch their recent video on Black Angel as gives a sense of the real scale - we are the only Greenland operator worth knowing.
The real problem is that nobody genuinely believes this is workable when so many majors have failed miserably. When it's proven, this stock will jump, hard.
1. The depth of the mineralisation is not confirmed below 70m
2. The high grade gold may be subject to the nugget effect.
3. The copper gold correlation needs to be confirmed.
But this is great for providing targets for 2026. If Even a few of the prospects already in play hit next year boom!
I like the way Amaroq have gone about their business. Patient, systematic, methodical.
A little dark horse is the support Business. Greenland Resources, Critical Metals Corp and Brunswick Exploration Inc are all active in Greenland and progress in their projects will bring attention to the region and demand for the services Amaroq provide.
Thanks for another incredible article, Charles. I've been a dedicated Amaroq investor since last year, thanks to you. I love this company, what it does, and how it does it. I firmly believe we'll have a bright future with it. Thanks again for your work; it's priceless.
If it does get taken out I will hold some of the buyer's stock. Also there are three businesses here, and multiple project so perhaps it will go in pieces. Historically the whole is often worth less than the sum of the parts.
That is one impressive report Charles that must have taken ages to write. The potential upside to the SP seems astounding. Thanks
It’s one of my top holdings for a reason. Yes a long time, but it takes a long time to understand it. Let’s hope for a great 2026!
Way to go Charles, thanks for this article, this is especially relevant in 2026. YOLOing 100$ into this and will soon add more.
It is rare that fact reads like fiction. The company announces increased gold reserves around a producing mine and the shares struggle to catch a bid. To be fair I'd like the prices to soften more so I can buy more.
This morning's RNS was excellent though. If the market stays irrational, I'll just keep buying more until it's not! I imagine others think the same.
Amaroq quietly building towards another asset. This company is looking more and more like a cluster gift as time passes.
https://www.tipranks.com/news/company-announcements/amaroq-ltd-discovers-high-concentrations-of-rare-earth-elements-in-south-greenland
Gold trading in a range will give the market a reason to ignore this for a while longer. All the time things are building. Earnings report in 10 days. They just need to keep hitting targets.
Yes, 2025 was optimisation year. 2026 is delivery.
Good tidings from Nalunaq. You can't self fund if the cash register is empty before there is enough money in the treasury. The drill results as I understand them show the formation we are mining extends much further and the grade remains very good. It extends down dip as well but more drilling is needed. The formation is there which is the important thing.
The bigger Nalunaq is, the less risk of dilution down the line. The gold price is also very supportive.
A nice launch pad for 2026. The move in silver and the noises from the bond market suggest the price of gold will at least hold (over the long run, even if there is some volatility)
Indeed. Also developing with no real debt.
There are a few potential catalysts coming as well:
The first month where the mine delivers several thousand ounces (as a precursor to 35k+ ounces in the year).
US/EU/Danish government funding for rare earths, strongly implied to be coming (though no guarantees).
Nanoq exploration results, which I suspect will be stellar.
Upgrade to 450tpd of processing.
Watch their recent video on Black Angel as gives a sense of the real scale - we are the only Greenland operator worth knowing.
The real problem is that nobody genuinely believes this is workable when so many majors have failed miserably. When it's proven, this stock will jump, hard.
Give it six months.
And the hits keep coming
https://www.share-talk.com/nanoq-drilling-delivers-up-to-187-g-t-gold-as-amaroq-prepares-larger-2026-programme/
Notes of caution of course:
1. The depth of the mineralisation is not confirmed below 70m
2. The high grade gold may be subject to the nugget effect.
3. The copper gold correlation needs to be confirmed.
But this is great for providing targets for 2026. If Even a few of the prospects already in play hit next year boom!
I like the way Amaroq have gone about their business. Patient, systematic, methodical.
A little dark horse is the support Business. Greenland Resources, Critical Metals Corp and Brunswick Exploration Inc are all active in Greenland and progress in their projects will bring attention to the region and demand for the services Amaroq provide.
Thanks for another incredible article, Charles. I've been a dedicated Amaroq investor since last year, thanks to you. I love this company, what it does, and how it does it. I firmly believe we'll have a bright future with it. Thanks again for your work; it's priceless.
We are going places, that's for sure. Glad to see such positive support!
Excellent write up. Should be very interesting to see how things pan out over the next couple of years.
Thanks
In two years, wit's either taken out or growing into the next major.
If it does get taken out I will hold some of the buyer's stock. Also there are three businesses here, and multiple project so perhaps it will go in pieces. Historically the whole is often worth less than the sum of the parts.
We shall see. However the IP is the expertise, which can't really be segmented.
Hopefully. In which case I am sure you will be very satisfied, as will I, having acted on your insights.
Thanks Charles, super write up. I bought a starter position in response.
Thanks Donald. This is a long term conviction hold for me.
Charles, is it ok to buy it on TSX or should I go for LSE
TSX tends to be slightly more expensive