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EIFO Increases Strategic Investment in Amaroq Minerals
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Denmark bank invests US$15.5M in Amaroq
Strategic investment supports critical mineral development and economic growth in Greenland. The Export and Investment Fund of Denmark (EIFO) June 12 announced that it has invested 100 million Danish kroner (US$15.5 million) to increase its stake in Amaroq Minerals Ltd., a company focused on exploring and developing gold and critical mineral projects in southern Greenland. EIFO, which is the...
A Danish public investment fund has become one of Amaroq Minerals' largest shareholders after more than tripling its stake in the resource company's initial public offering, with the fund's CEO saying Greenland is now a "strategic priority". Amaroq's offering was significantly expanded due to significant excess demand from foreign investors, but participation from Icelandic investors proved negligible, mainly due to limited interest from pension…
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