Summary：Nalunaq Gold Mine Reaches Major Milestone with Phase 2 Completion and FlotationReykjavík, June 11, 2

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Nalunaq Gold Mine Reaches Major Milestone with Phase 2 Completion and Flotation

Reykjavík, June 11, 2026 (GLOBE NEWSWIRE) - Amaroq Ltd. today announced a significant breakthrough at its Nalunaq gold mine with the successful commissioning of the flotation circuit and the completion of Phase 2 expansion. This achievement marks a substantial step forward in the mine's development, underscoring Amaroq's commitment to enhancing production capacity and optimizing operational efficiency.

The completion of Phase 2 and the introduction of the flotation circuit represent key developments in Amaroq's strategy to boost gold recovery rates and increase overall output. The flotation circuit is a critical component in the processing of gold ore, enabling the company to extract a higher percentage of gold from the mined material. With this new capability, Amaroq is poised to significantly enhance its production profile, capitalizing on the high-grade gold resource at Nalunaq.

Industry analysts view this development as a positive indicator for Amaroq's future performance. The integration of flotation technology is seen as a best practice in modern gold mining, allowing for more efficient processing and reduced waste. As the gold mining sector continues to evolve, companies that adopt advanced processing techniques are likely to gain a competitive edge. Amaroq's investment in the Nalunaq mine's infrastructure positions the company favorably within the industry, potentially leading to increased investor confidence and a stronger market presence.

Looking ahead, Amaroq is expected to focus on optimizing the newly commissioned flotation circuit and further refining its operational processes. The successful ramp-up of production will be crucial in determining the mine's long-term viability and the company's ability to meet its growth objectives. As Amaroq continues to develop Nalunaq, stakeholders will be watching closely for signs of sustained production growth and improvements in operational efficiency.

In conclusion, the completion of Phase 2 and the commissioning of the flotation circuit at Nalunaq represent a significant milestone for Amaroq Ltd. This achievement not only enhances the mine's production capabilities but also underscores the company's commitment to adopting best practices in gold mining. As the industry continues to navigate challenges and opportunities, Amaroq's progress at Nalunaq is likely to be a key factor in its future success.