GlobeNewsWire
29 Jun 2026, 06:00 UTC · 3h ago
Drilling commenced at the high impact Ilua Rare Earth Project, South Greenland
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GlobeNewsWire
29 Jun 2026, 06:00 UTC · 3h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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Amaroq Ltd. has commenced its first subsurface drilling program at the Ilua Pegmatite REE prospect in South Greenland. — Moving from surface sampling to drilling is a critical de-risking milestone that can lead to a formal resource estimate.
+0.40Preliminary data indicates the Ilua project features conventional REE mineralogy (monazite) and radionuclide levels below Greenland's regulatory thresholds. — Conventional mineralogy reduces processing costs and regulatory hurdles, significantly improving the project's potential economic viability.
+0.30Previous surface sampling at the site showed TREO grades up to 2.3%, with 27% comprising high-value heavy rare earths (HREEs). — High concentrations of HREEs and magnet metals increase the potential commercial value of the deposit if drilling confirms these grades at depth.
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The company announced the commencement of a high-impact drilling program and successful previous sampling results at the Ilua project.
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