Greenland-focused mining company Amaroq today confirmed that its planned move from the the alternative investment market (AIM) to the London's main market is progressing, with admission expected no earlier than 31 July.

The planned listing is subject to approval of its prospectus by the Financial Conduct Authority (FCA).

The Iceland-based firm has given formal notice that its AIM listing will be cancelled at the same time as, or shortly before, its main market admission. The move will be carried out through the introduction of existing shares, with no new equity being issued and no shareholder approval required under AIM rules.

"Amaroq has achieved significant milestones in recent years as we continue to advance our portfolio and position the company for long-term growth," said CEO Eldur Olafsson.

“Our intention to seek admission to the Main Market reflects both the progress we have made and our confidence in the future. We believe that a move to the Main Market will enhance our visibility in the capital markets, support access to a broader pool of institutional capital, and further strengthen our platform as we continue to execute our growth strategy," Olafsson said.

Amaroq, which focuses on gold and strategic minerals in Greenland, including its flagship Nalunaq Gold Mine, reported revenue of around £14m for FY2025.

Amaroq's shares rose between 1.8% and 2.9% in intraday trading following the announcement.

It is also good news for the main market, especially in a year when London Stock Exchange (LSE) listings have struggled. Amaroq is a small company, but symbolically it matters because the market has been fighting a narrative of outflows, delistings, and companies choosing New York instead of London, which has seen very few new listings recently.

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