AEX Gold, Inc. (TSE:AMRQ) has released an update.
Amaroq Minerals Ltd. has secured a new debt financing deal worth $35 million with Landsbankinn, replacing its existing $18.5 million credit facilities and bolstering the company’s liquidity. This strategic move will streamline Amaroq’s loan structure under more favorable terms and support its cash position as it initiates gold production at the Nalunaq mine this fall. The comprehensive financing package aims to provide financial leeway for the company’s continued growth and development activities.
For further insights into TSE:AMRQ stock, check out TipRanks’ Stock Analysis page.