Amaroq Minerals Ltd. has announced the appointment of Mr. Ellert Arnarson as the Chief Financial Officer (CFO) effective from August 2024. Mr. Arnarson brings with him a wealth of experience from his current role as Head of Corporate Finance at Icelandic bank Landsbankinn, as well as senior positions at the Pension Fund of Commerce and GAMMA Capital Management. His expertise in financial management, analysis, capital raising, and mergers and acquisitions makes him a valuable addition to Amaroq's specialist mining finance team.
With a Master's Degree in Financial Economics and a Bachelor's Degree in Mathematics from the University of Iceland, Mr. Arnarson's extensive background aligns with Amaroq's strategic goals. Eldur Olafsson, CEO of Amaroq Minerals, expressed his enthusiasm for the appointment, stating, "We have worked closely with Ellert as an adviser over the past two years and his deep experience in the Icelandic market makes him an excellent addition to our specialist mining finance team."
Amaroq Minerals Ltd. is an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland. The company's principal asset is a 100% interest in the past producing Nalunaq Gold mine, which is set to go into production towards the end of 2024. Additionally, the company has a portfolio of gold and strategic metal assets in Southern Greenland, covering the two known gold belts in the region, as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for strategic metals such as Copper, Nickel, Rare Earths, and other minerals.
The appointment of Mr. Arnarson comes at a pivotal time for Amaroq as they prepare to bring Nalunaq on stream in South Greenland. The company's focus on strengthening its team with experienced professionals underscores its commitment to achieving its business objectives.