“Amaar Mining” Signs Alliance Agreement with Canadian “Power Metallic” for Cooperation on Mining Licenses in Saudi Arabia

“Amaar Mining” Company announced the signing of an alliance agreement with Canadian “Power Metallic” for cooperation in jointly preparing, submitting, and following up on mining license applications in Saudi Arabia. This move demonstrates the company's strategy to strengthen its presence in the sector and build high-quality international partnerships.

Representatives of both parties attended the signing ceremony. Mr. Conor Lynch, Vice President of Business Development, represented “Power Metallic” Canada, while Mr. Naser Fahad Al-Qahtani, the CEO, represented “Amaar Mining”.

This agreement seeks to merge the technical and operational expertise of both parties, improving the efficiency of preparing mining license applications and boosting competitiveness in acquiring these licenses, all in line with the highest professional and regulatory standards in the Kingdom.

In this context, Naser Fahad Al-Qahtani, CEO of “Amaar Mining Company”, stated: “This agreement represents a strategic step in our plans to expand the company’s business and enhance its presence in the mining sector by building international partnerships with experienced entities. This partnership aligns with the objectives of the Kingdom’s Vision 2030, which aims to develop the mining sector and enhance its contribution to the national economy. Through this alliance, we look forward to creating quality opportunities within Saudi Arabia and achieving sustainable added value that supports the sector’s growth and increases its investment attractiveness.”

This step comes amid the rapid growth of Saudi Arabia's mining sector, supported by regulatory reforms and expanding investment opportunities, thereby reinforcing the Kingdom’s status as a major destination for investment in this vital sector.