Amarc Announces Grant of Options

Rhea-AI Summary

Amarc Resources Ltd. (TSXV:AHR) has granted 3.46 million incentive stock options to service providers to acquire common shares at $0.12 each, with a vesting period over 24 months. Of these, 50% are granted to insiders. This move is a part of Amarc's strategy to develop high-value copper-gold mines in British Columbia, focusing on its IKE, DUKE, and JOY districts, which show significant potential for major deposits. Each district offers access to crucial industrial infrastructure, enhancing their development prospects.

Positive

• Granting of 3.46 million stock options aligns with talent retention and incentivization.
• Development focus on high-value copper-gold projects in BC could enhance shareholder value.
• Proximity of projects to infrastructure may lower operational costs and boost project viability.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / March 9, 2022 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF) announces that it has granted 3.46 million incentive stock options to its service providers to acquire an aggregate of 3.46 million common shares at $0.12 per share, for a periods of three to five years of which 50% are being granted to insiders. All of the options are subject to required TSXV acceptance and customary vesting provisions over 24 months.

About Amarc Resources Ltd.

Amarc is a mineral exploration and development company with an experienced and successful management team focused on developing a new generation of long-life, high-value porphyry copper-gold mines in BC. By combining high-demand projects with dynamic management, Amarc has created a solid platform to create value from its exploration and development-stage assets.

Amarc is advancing its 100%-owned IKE, DUKE and JOY porphyry copper±gold districts located in different prolific porphyry regions of southern, central and northern BC, respectively. Each district represents significant potential for the development of multiple and important-scale, porphyry copper±gold deposits. Importantly each of the three districts is located in proximity to industrial infrastructure - including power, highways and rail.

For further details on Amarc Resources Ltd., please visit the Company's website at www.amarcresources.com or contact Dr. Diane Nicolson, President and CEO, at (604) 684-6365 or within North America at 1-800-667-2114.

ON BEHALF OF THE BOARD OF DIRECTORS OF AMARC RESOURCES LTD.

Dr. Diane Nicolson

President and CEO

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Amarc Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/692413/Amarc-Announces-Grant-of-Options

FAQ

What is the significance of the stock options granted by Amarc Resources (AXREF)?

Amarc Resources granted 3.46 million stock options to incentivize service providers, crucial for talent retention and aligning interests with shareholders.

How does Amarc Resources plan to develop its copper-gold projects?

Amarc focuses on developing long-life, high-value porphyry copper-gold mines in British Columbia, specifically in the IKE, DUKE, and JOY districts.

What are the key copper-gold projects of Amarc Resources (AXREF)?

Amarc's key projects include the IKE, DUKE, and JOY porphyry copper-gold districts, each with significant development potential.

What is the exercise price for the stock options granted by Amarc Resources?

The stock options granted by Amarc Resources have an exercise price of $0.12 per share.