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Amarc Res - AXREF STOCK NEWS

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About Amarc Resources Ltd. (AXREF)

Amarc Resources Ltd. (OTCQB: AXREF, TSX-V: AHR) is a Vancouver-based mineral exploration and development company specializing in the discovery and advancement of porphyry copper-gold deposits in British Columbia (BC), Canada. With a focus on creating long-term value, Amarc is strategically advancing three 100%-owned districts—JOY, DUKE, and IKE—all located in prolific porphyry regions with access to essential industrial infrastructure, including power, highways, and rail.

Core Business and Exploration Focus

Amarc's primary objective is to develop a new generation of large-scale, high-value porphyry copper-gold mines. The company leverages advanced geological techniques and extensive exploration programs to identify and delineate mineralized systems. Its flagship projects include:

  • JOY District: Located in the Toodoggone-Kemess region, this 495 km² district hosts the newly discovered AuRORA Deposit, a high-grade, gold-rich porphyry copper-gold-silver system. The district also includes other significant targets like the PINE Deposit, Canyon Discovery, and Twins Target.
  • DUKE District: Situated in the Babine Region, DUKE is characterized by its proximity to historical copper-gold mines and extensive porphyry systems. The district benefits from a $90 million earn-in agreement with Boliden Mineral Canada Ltd.
  • IKE District: Located in southern BC, IKE features the higher-grade Empress Deposit, which is being advanced through self-funded drilling programs.

Strategic Partnerships and Funding

Amarc has secured up to $200 million in non-dilutive funding through strategic partnerships with industry leaders such as Freeport-McMoRan Mineral Properties Canada Inc. and Boliden Mineral Canada Ltd.. These collaborations not only provide financial support but also enhance technical capabilities, allowing Amarc to accelerate its exploration and development activities.

Competitive Advantage

Amarc's association with Hunter Dickinson Inc. (HDI), a globally recognized mining group with a 35-year history of porphyry deposit success, positions the company as a leader in resource development. HDI's involvement brings unparalleled expertise in exploration, acquisition, and project monetization.

Commitment to Sustainability

Amarc is deeply committed to responsible mineral development. The company actively collaborates with Indigenous communities and local stakeholders to ensure that its projects contribute to sustainable economic and community development. Initiatives include job creation, training programs, and environmental stewardship.

Exploration Highlights

Recent exploration programs have yielded significant results, including the discovery of the AuRORA Deposit at JOY, characterized by high gold, copper, and silver grades with excellent lateral and vertical continuity. Additionally, the DUKE and IKE districts continue to demonstrate strong potential for large-scale mineralization, supported by ongoing drilling and surface surveys.

Industry Significance

Amarc's projects align with the growing global demand for copper and gold, driven by renewable energy initiatives and economic development. By focusing on underexplored regions with high geological potential, the company is well-positioned to deliver long-term value to stakeholders.

Conclusion

Amarc Resources Ltd. combines technical expertise, strategic partnerships, and a commitment to sustainability to unlock the value of its world-class porphyry copper-gold districts. With a proven track record of discoveries and the backing of industry leaders, Amarc is poised to play a pivotal role in meeting the future demand for critical minerals.

Rhea-AI Summary
Amarc Resources Ltd. reports positive results from comprehensive surveys across the prospective 722 km2 DUKE district in central British Columbia, identifying multiple porphyry copper-gold mineral systems. Boliden Mineral Canada Ltd. funded $10 million in exploration expenditures and will continue its earn-in during 2024. Sixteen prospective deposit target areas were selected for 2023 field assessment, defining six deposit targets for drill testing and a pipeline of additional porphyry copper-gold targets for further assessment. Amarc's 2023 field program significantly advanced and expanded the critical geological, geophysical, and geochemical signatures of the Svea deposit target, indicating excellent potential for important Cu-Au mineralization. The company intends to drill test this exciting emerging target during the summer 2024 drill season.
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Amarc Resources Ltd. announces its participation at three conferences in Vancouver, British Columbia in January 2024. The company will be presenting at the Metal Investors Forum Vancouver and hosting a corporate booth and presentation by Dr. Diane Nicolson, President & CEO.
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Amarc Resources Ltd. (AHR) has achieved significant milestones in 2023, securing full funding for all its projects in 2024. The company's copper-gold porphyry districts are set for extensive drilling this year, thanks to strategic partnerships with Freeport-McMoRan and Boliden Mineral. The $2.77 million international financing and extensive work programs have positioned Amarc for a successful 2024. Positive industry outlook suggests a growing demand for copper, making Amarc's focus on developing high-value copper-gold assets crucial for the market.
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Amarc Resources Ltd. (Amarc) (TSXV:AHR)(OTCQB:AXREF) announces preparations for a $10 million drilling program at its 100% owned DUKE Copper-Gold District in central British Columbia. Boliden Mineral Canada Ltd. will fully fund the program, with drilling to commence in February 2024. The DUKE Deposit and surrounding DUKE Target area will be the initial focus, following positive results from the 2022-2023 drilling program. The DUKE District is located within the mineralized porphyry belts in BC, with significant potential for new large porphyry Cu deposits. Amarc has entered into a Mineral Property Earn-In Agreement with Boliden, allowing Boliden to earn up to a 70% interest in the DUKE District by funding exploration and development expenditures.
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Amarc Resources Ltd. (TSXV:AHR) (OTCQB:AXREF) has completed two private financings, raising $2.77 million through the issuance of 25,000,000 common shares and 4,807,693 five-year share purchase warrants. 15,384,615 shares were issued as Flow-Through shares at $0.13, and 9,615,385 shares were issued as part of non-FT units at $0.08 per unit.
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Amarc Resources Ltd. (AHR) has entered into agreements to raise $2.77 million through the issuance of Flow-Through Shares and equity units. The company will issue 15,384,615 Flow-Through Shares and 9,615,385 non-flow-through equity units to raise the funds. Sutton Group Inc. will acquire an additional 25,000,000 Amarc Shares, representing 19.1% of the company's then-issued Shares. The proceeds will be used for exploration and general working capital.
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Amarc Resources Ltd. (Amarc) (TSXV:AHR)(OTCQB:AXREF) completes extensive exploration surveys on its 100%-owned DUKE porphyry Cu-Au district in central British Columbia. The $10 million exploration expenditures are fully funded under the Mineral Property Earn-in Agreement with Boliden Mineral Canada Ltd. The results will confirm highest priority targets for drill testing in 2024.
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Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) announces the appointment of Dr. James Lang, P.Geo., as a technical advisor. Dr. Lang's extensive experience and expertise in porphyry copper deposits will contribute to the company's growth in 2024.
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Amarc Resources Ltd. has announced the commencement of planning for an extensive 2024 drilling program at its JOY Copper-Gold District in British Columbia. The program will be fully funded by Freeport-McMoRan and is expected to start in June. Amarc has completed the 2023 field program, which will inform the drilling plans.
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Amarc Resources Ltd. announces President & CEO Dr. Diane Nicolson's presentation at the Kinvestor Days Virtual Conference on September 19, 2023.
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FAQ

What is the current stock price of Amarc Res (AXREF)?

The current stock price of Amarc Res (AXREF) is $0.39 as of March 3, 2025.

What is the market cap of Amarc Res (AXREF)?

The market cap of Amarc Res (AXREF) is approximately 106.0M.

What is Amarc Resources Ltd.'s primary focus?

Amarc specializes in exploring and developing porphyry copper-gold deposits in British Columbia, Canada.

What are Amarc's flagship projects?

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

What makes the AuRORA Deposit significant?

The AuRORA Deposit, located in the JOY District, is a high-grade, gold-rich porphyry copper-gold-silver discovery with excellent continuity and expansion potential.

How is Amarc funded?

Amarc has secured up to $200 million in non-dilutive funding through partnerships with Freeport-McMoRan and Boliden Mineral Canada Ltd.

What is Amarc's approach to sustainability?

Amarc collaborates with Indigenous communities and local stakeholders to ensure responsible mineral development, focusing on environmental stewardship and community benefits.
Amarc Res

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142.22M
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