Amaroq taps Ellert Arnarson as its new finance chief

Southern Greenland-focussed mine developer Amaroq Minerals announced the appointment of Ellert Arnarson as its new chief financial officer on Friday, effective in August.

The AIM-traded firm said Arnarson would bring a wealth of experience from his current role as head of corporate finance at Landsbankinn, a leading Icelandic bank.

His previous senior roles included at the Pension Fund of Commerce, Iceland's second-largest pension fund, and GAMMA Capital Management.

With a background in financial management, capital raising, mergers and acquisitions, and financial analysis, Amaroq said Arnarson had a proven track record of leading high-performing teams.

Arnarson holds a master’s degree in financial economics and a bachelor’s degree in mathematics from the University of Iceland.

“On behalf of the board, I am very pleased to welcome Ellert to the Amaroq team at a real inflection point for our business as we prepare to bring Nalunaq on stream in South Greenland,” said chief executive officer Eldur Olafsson.

“We have worked closely with Ellert as an adviser over the past two years and his deep experience in the Icelandic market makes him an excellent addition to our specialist mining finance team.”

At 1054 BST, shares in Amaroq Minerals were up 2.2% at 62.34p.

Reporting by Josh White for Sharecast.com.