07:50 AM EST, 11/19/2025 (MT Newswires) -- Amaroq ( AMRQF ) , an independent mine development corporation focused on unlocking Greenland's mineral potential, announced Wednesday a 14-month extension and improved margins of its debt financing package with Landsbankinn hf.

UK-listed shares of the company were last seen up 2.9% at 94.70 pence on the London Stock Exchange.

The company and Landsbankinn extended the term of the facility to Feb. 1, 2028, from Dec. 1, 2026. Amaroq ( AMRQF ) has a revolving credit facility with Landsbankinn, for a total commitment of US$35.245 million spread across three tranches, A, B and C.

"The Nalunaq project in South Greenland is well advanced in its commissioning and beginning to generate revenues, which will unlock the improved margins on our financing facility and lower operating costs," said Amaroq ( AMRQF ) Chief Financial Officer Ellert Arnarson. "We also continue to pursue additional financing opportunities, including with offtakers and credit agencies, to further support the Company's growth and balance sheet strength."

Both the companies had also introduced additional margin step-downs based on the last twelve-months EBITDA. The company added that the amendment carries a 0.7% fee of total commitments, US$245,000, which was capitalised through facility B.