May. 3 at 3:57 PM
$AMRQF Amaroq - doubled its revolving credit facility to
$70 million this month through an amended agreement with Landsbankinn and Gunvor Group, replacing its previous
$35 million facility.
The deal reduces the cost of funding, with an interest margin of 7.5% over Term SOFR that can step down to as low as 4.5% based on EBITDA performance, and extends maturity to May 2028.
Gunvor will also offtake gold produced at Amaroq’s Nalunaq mine in Greenland.
The company says the upsized facility strengthens its working capital as it heads into the 2026 exploration season and the final construction and commissioning of Phase 2 of the Nalunaq processing plant.
The key date is Q1 2026 financial results on 13 May 2026, accompanied by a Capital Markets Update for investors and analysts in London, with a live webcast beginning at 2.30pm.
Q3 is where this re-rates, but it’ll be good to see production on track. Also - remember that government cheese could come in at any time.
https://thatstocksguy.substack.com/p/small-caps-may-review?utm_source=post-email-title&publication_id=1504413&post_id=196250675&utm_campaign=email-post-title&isFreemail=true&r=4xupfa&triedRedirect=true&utm_medium=email