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Amaroq begins 2026 Ilua drilling; early results could unlock conventional REE upside

Jun 29, 2026, 2:04 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The start of a defined drill program with three targets and a 5 km strike, plus favorable TREO/HREE grades and low regulatory risk, can shift sentiment toward AMRQ; success could precede resource definition and project de-risking, a common driver of near-term re-rating for early-stage explorers.

AI summary

What happened, with direct paths to the underlying reporting

Amaroq announced the start of its 2026 exploration season with drilling at the Ilua pegmatite REE target in South Greenland. The scout program tests three targets along a minimum 5 km strike to define size, geometry, and economics of a potentially large conventional REE system. 2025 surface results showed up to 2.3% TREO with ~27% HREE and low U/Th, suggesting a favorable profile for development if subsurface continuity is established.

Amaroq launches 2026 drilling at Ilua pegmatite, Greenland. Scout tests three targets across 5km.
2025 surface sampling: up to 2.3% TREO; about 27% HREE.
Uranium/Thorium below Greenland regulatory thresholds; topography favorable for drilling.
Pegmatite system may offer conventional processing; potential for large conventional REE opportunity.
Ilua located in Gardar Province; easier access than many Greenland REE plays.

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