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August 2022

ABD Solutions signs MoU with Amaroq Minerals

We have signed a Memorandum of Understanding (MoU) with AIM and TSX listed Amaroq Minerals Ltd. to investigate the potential for the introduction of vehicle autonomy systems for various mining vehicles at the Nalunaq site in Greenland. The long-term goal of the MoU is to provide a framework for ABD Solutions to deliver the support, software and hardware solutions needed to operate a diverse range of automation-enabled equipment and mining vehicles. These vehicles would be operated automatically and supervised from a central control room, therefore, improving safety and streamlining the mining process, both operationally and financially.

“We are looking forward to working with Amaroq Minerals with the aim of bringing automation to a range of mining vehicles and equipment,” said Matthew Price, ABD Solutions Managing Director.  “Our vehicle agnostic, retrofittable autonomy systems provide safety and efficiency improvements rapidly and cost-effectively and we strive to bring autonomy to any fleet, even in the harshest environments.”

“We are delighted to announce our planned partnership with ABD Solutions, a well-regarded automation company with substantial experience working with organisations to accelerate the transition to autonomy,” said Eldur Olafsson, CEO of Amaroq Minerals. “We are focussed on ensuring that we seek out and deploy innovative technology across Nalunaq and going forward the rest of the assets within our extensive licence area, as we believe that this will allow us to introduce new skill sets to the workforce in Greenland and to operate safely, efficiently and sustainably. The team look forward to working closely with ABD Solutions and utilise their considerable knowledge throughout the Nalunaq development process.”

Vehicle automation can bring significant improvements to safety by removing people from high-risk areas as well as providing increased operational efficiency, resulting in a reduction in fuel consumption and vehicle emissions. A retrofittable solution also maximises the investment of existing high-value assets by significantly extending their usable life.

About Amaroq Minerals
Amaroq Minerals’ principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The Company’s most advanced asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Corporation has a portfolio of gold and strategic metal assets covering 7,615.85km2, the largest mineral portfolio in Southern Greenland covering the two known gold belts in the region. Amaroq Minerals is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.