Greenland Gold Mine Sees Rush of Investors in New Funding Round

Amaroq Minerals Ltd., which mines for gold in Greenland, has secured international backing in an oversubscribed fundraising round, underscoring rising interest in Arctic resources.

Greenland and its mining sector are attracting investors following a consistent push from US President Donald Trump to take control of the self-ruling territory, which is under the Kingdom of Denmark. French President Emmanuel Macron is set to meet the prime ministers of Denmark and Greenland in Nuuk on Sunday and has said he wants to help counter any “predation.”

Amaroq conditionally placed about 53 million new common shares at 85 pence apiece, raising about ...