Welcome to our dedicated page for AMARC RESOURCE news (Ticker: AXREF), a resource for investors and traders seeking the latest updates and insights on AMARC RESOURCE stock.
Amarc Resources Ltd. (AXREF) is a mineral exploration and development company focusing on porphyry copper-gold mines in British Columbia. The company holds 100%-owned JOY, DUKE, and IKE districts with significant Cu-Au deposit potential. With a successful management team, Amarc aims to create long-life, high-value projects by combining high-demand projects with dynamic management.
The JOY District, located in BC's north-central region, is under an extensive drilling program funded by Freeport-McMoRan Mineral Properties Canada Inc. Amarc continues as the project operator with a goal of discovering porphyry Cu-Au deposits in the area. Recent surveys have defined drill targets such as the Northwest Gossan target, which exhibits signs of a prospective porphyry system.
Through strategic partnerships and sound exploration practices, Amarc is on the path to realizing the full potential of its districts and contributing to sustainable community and economic development.
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20%
Tags
-
Rhea-AI Summary
Amarc Resources Ltd. announces President & CEO Dr. Diane Nicolson's presentation at the Kinvestor Days Virtual Conference on September 19, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Amarc Resources announces establishment of indigenous scholarship as part of an option agreement with Richard Billingsley. Amarc may acquire a 100% interest in mineral claims by issuing 200,000 shares and making annual cash payments of $5,000 to Billingsley. Scholarship will fund Indigenous students for 10 years with $20,000 per year. CEO emphasizes importance of education and training. Lake Babine Nation supports the scholarship program. Agreement subject to TSX Venture Exchange approval and earn-in right of Boliden Mineral Canada Ltd. Extensive drilling expands DUKE Deposit and highlights potential for further expansion and discovery of additional mineralization. Highlights include 183 m of 0.43% CuEQ, 217 m of 0.45% CuEQ, 82 m of 0.41% CuEQ, and 36 m of 0.47% CuEQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.11%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
FAQ
What is the current stock price of AMARC RESOURCE (AXREF)?
The current stock price of AMARC RESOURCE (AXREF) is $0.4472 as of January 29, 2025.
What is the market cap of AMARC RESOURCE (AXREF)?
The market cap of AMARC RESOURCE (AXREF) is approximately 98.7M.
What are Amarc Resources Ltd.'s core projects?
Amarc holds 100%-owned JOY, DUKE, and IKE districts in BC, each with significant potential for porphyry Cu-Au deposits.
Who is funding the extensive drilling program at the JOY District?
Freeport-McMoRan Mineral Properties Canada Inc. is funding the program, with Amarc continuing as the operator.
What recent target has been identified within the JOY District?
The Northwest Gossan target, showing signs of a prospective porphyry Cu-Au system, has been identified through recent surveys.
What is Amarc Resources Ltd.'s approach to project development?
Amarc aims to combine high-demand projects with dynamic management to create long-life, high-value porphyry copper-gold mines.
Where can I find more information about Amarc Resources Ltd. projects?
For further details on Amarc Resources Ltd., visit the Company's website at www.amarcresources.com or contact Dr. Diane Nicolson, President and CEO.
What is the geographical location of the JOY District?
The JOY District is situated in BC's north-central region, easily accessible via resource roads servicing the southern Toodoggone region.
What is the goal of Amarc's drilling program at the JOY District?
The goal is to discover porphyry Cu-Au deposits within the seven drill-ready sulphide mineralized systems in the area.
How does Amarc Resources Ltd. contribute to sustainable development?
Through strategic partnerships and responsible exploration practices, Amarc aims to contribute to sustainable community and economic development.
Who is behind Amarc Resources Ltd.'s successful projects?
Amarc is associated with HDI, a global mining company with a 35-year history of porphyry Cu deposit discovery and development success.
What are some recent achievements of Amarc Resources Ltd.?
Recent achievements include identifying drill targets, securing funding for drilling programs, and establishing strategic partnerships for project development.
AMARC RESOURCE LTD
OTC:AXREF
AXREF Rankings
AXREF Stock Data
98.74M
139.07M
34.25%
6.62%
Other Industrial Metals & Mining
Basic Materials
United States of America
Vancouver