REG-Intention to transition to the Main Market of the London Stock Exchange and Voluntary Delisting from the TSX Venture Exchange

AmaroqAnnouncement

18/02/2026 07:00

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Reykjavík, Feb. 18, 2026 (GLOBE NEWSWIRE) --

Amaroq Ltd.
(“Amaroq” or the “Company”)

Intention to transition to the Main Market of the London Stock Exchange
(“LSE”) and appointment of Citigroup Global Markets Limited as sponsor

and

Voluntary Delisting from the TSX Venture Exchange

TORONTO, ONTARIO – 18 February 2026 – Amaroq Ltd. (AIM, TSX-V, NASDAQ
Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation
focused on unlocking Greenland’s mineral potential, announces that it has
applied for a voluntary delisting of its common shares from the TSX Venture
Exchange (the “TSXV”). The delisting is intended to be effective as of the
close of trading on 19 March, 2026. The Company’s common shares, in the form
of Depositary Interests issued by Computershare Investor Services PLC, will
continue to trade on AIM, Nasdaq Iceland and OTCQX.

Since Amaroq obtained its secondary listings on AIM and Nasdaq Iceland, daily
trading activity in the Company’s common shares in Canada has represented a
comparatively low level of the aggregate trading volume across all trading
platforms, and as a result of these relatively low trading volumes in Canada,
the Company believes that the financial costs and administrative requirements
associated with maintaining its TSXV listing are no longer justified.

Shareholder approval is not required for the delisting because the Company’s
shares trade on AIM and Nasdaq Iceland, which are satisfactory alternative
markets in accordance with the rules and policies of the TSXV.

Transition to the Main Market of the London Stock Exchange

As previously disclosed, Amaroq has been considering upgrading its London
listing to the London Stock Exchange’s Main Market for Listed Securities
(the “LSE Main Market”), including a listing in the equity shares
(commercial companies) category of the Official List of the Financial Conduct
Authority, and the subsequent cancellation of trading of the Company’s
shares on AIM, in order to access further market liquidity and broaden its
investor base.

As the size and scale of the business have grown, it has become apparent that,
to access the next tier of institutional support and index funds, the LSE Main
Market is the most appropriate market for the Company, alongside Nasdaq
Iceland. The Company now confirms that it intends to complete this transition
in 2026 and has appointed Citigroup Global Markets Limited to act as sponsor
and financial adviser for the process.

Additional Information for Shareholders on Amaroq’s Canadian Registrar

Following the delisting from the TSXV, Canadian shareholders holding shares
with their broker (“CDS participant”) and wishing to trade their shares on
AIM or Nasdaq Iceland, will need such shares to be made eligible to be
transferred and settled as depositary interests through CREST, the United
Kingdom based share transfer and settlement system. CDS participants may
initiate instructions to Computershare Trust Company of Canada
(“Computershare”) via its xSettle web service. Shares cannot be
transferred and settled through CREST until a shareholder’s CDS participant
broker or the shareholder initiates a cross-border request. If the shares are
held in certificated or Direct Registration form, as applicable, shareholders
may instruct Computershare to arrange for the shares to be held by a CREST
participant broker. This can be done by completing a ‘Register Removal
Request – Canada to United Kingdom’ form, with valid CREST participant
account details, and submitting such form to Computershare via email at
ca.globaltransactions@computershare.com.

For any questions on this process please contact Computershare’s global
transaction unit by phone at +1 (877) 624-5999 or via email at
ca.globaltransactions@computershare.com. The Company intends to maintain CDS
eligibility for its shares until 30 April, 2026 in order to allow Canadian
shareholders time to complete the process contemplated above.

Despite the delisting, the Company will continue to be subject to ongoing
disclosure and other obligations as a reporting issuer under applicable
securities legislation in Canada.

Enquiries:

Amaroq Ltd.
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385 755711
ewe@amaroqminerals.com

Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980

Further Information:

About Amaroq

Amaroq’s principal business objectives are the identification, acquisition,
exploration, and development of gold and strategic metal properties in South
Greenland. The Company’s principal asset is a 100% interest in the Nalunaq
Gold mine. 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.
Amaroq is continued under the Business Corporations Act (Ontario) and wholly
owns Nalunaq A/S, incorporated under the Greenland Companies Act.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This press release contains forward-looking information within the meaning of
applicable securities legislation, which reflects the Company's current
expectations regarding future events and the future growth of the Company's
business. Forward-looking in this press release includes, but is not limited
to, statements regarding the timing of delisting the Company's common shares
from the TSXV and the anticipated benefits of such delisting. In this press
release there is forward-looking information based on a number of assumptions
and subject to a number of risks and uncertainties, many of which are beyond
the Company's control, that could cause actual results and events to differ
materially from those that are disclosed in or implied by such forward-looking
information. Such risks and uncertainties include but are not limited to the
factors discussed under “Risk Factors” in the Company's Annual Information
Form for the year ended December 31, 2024 available under the Company's
profile on SEDAR+ at www.sedarplus.ca. Any forward-looking information
included in this press release is based only on information currently
available to the Company and speaks only as of the date on which it is made.
Except as required by applicable securities laws, the Company assumes no
obligation to update or revise any forward-looking information to reflect new
circumstances or events. No securities regulatory authority has either
approved or disapproved of the contents of this press release.

Inside Information

This announcement does not contain inside information