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. reports developments from a British Columbia mineral exploration and development portfolio focused on porphyry copper-gold systems. Recurring updates cover the JOY District in the Toodoggone region, including the AuRORA copper-gold-silver deposit, the TWINS and CANYON discoveries, and the PINE and Brenda deposits, as well as the DUKE District in the Babine region and the IKE District.
Company news also covers joint venture and earn-in relationships with Freeport-McMoRan Mineral Properties Canada at JOY and Boliden Mineral Canada at DUKE, exploration drilling and assay results, technical-team additions, investor relations activity, conference participation and securities listings such as the Frankfurt Stock Exchange trading symbol AQ5.
Amarc Resources (AXREF) announced a chief financial officer transition effective September 15, 2026. Carol Li is stepping down as CFO and will continue in an ongoing advisory role to support a smooth handover. Corporate Controller Braden Jensen has been appointed interim CFO.
Jensen is a Chartered Professional Accountant with more than 15 years of natural resources experience, including 11 years as CFO of several Canadian public mining companies, and has a background in accounting, corporate finance, reporting, taxation and mining-project development.
The company also granted 250,000 incentive stock options at $0.94 per share for five years to Tom McMillan, VP Investor Relations, who is deemed an insider, with the grant subject to any required TSX Venture Exchange acceptance. Amarc highlights ongoing advancement of its JOY, DUKE and IKE copper-gold districts in British Columbia, which have attracted over CAD$144 million in strategic partner funding to date.
Amarc Resources (AXREF) closed its previously announced private placement, issuing 20,000,000 common shares at CAD$1.00 per share for gross proceeds of CAD$20 million.
The company plans to use the proceeds to fund future exploration at the JOY District, including the AuRORA Gold-Copper Deposit, as well as working capital, general corporate purposes, project investigations, and advancing its DUKE and IKE properties. Management highlights the perceived Tier 1 potential of the JOY District and the growing importance of AuRORA to the Toodoggone Region. The new shares are subject to a four‑month and one day hold period in Canada, expiring January 10, 2027. The securities have not been registered under the U.S. Securities Act and may not be offered or sold in the United States without registration or an applicable exemption. Agentis Capital Mining Partners is acting as financial advisor.
Amarc Resources (TSXV:AHR, OTC:AXREF) plans a non-brokered private placement of approximately 20 million common shares at CAD$1.00 per share to raise about CAD$20 million. Completion is targeted for early September, subject to subscription documentation, funding and TSX Venture Exchange approval.
According to Amarc, net proceeds will fund future expenditures at the JOY District, working capital, general corporate purposes, project investigations and advancing the DUKE and IKE properties. The new shares will be subject to a four‑month‑and‑one‑day hold period in Canada from closing.
The release also highlights existing partnerships: Freeport has funded CAD$35 million to earn 60% of JOY and may fund a further CAD$75 million, while Boliden has sole-funded CAD$30 million at DUKE, now a 60:40 joint venture operated by Amarc.
Amarc Resources (OTCQB:AXREF) reported new Induced Polarization geophysical results from the JOY Copper-Gold District in British Columbia, generated through AuRORA Minerals, a 60% Freeport and 40% Amarc joint venture. The work is part of a $20 million JOY 2026 exploration program funded by Freeport.
According to Amarc, the NWG sulphide system hosting the AuRORA porphyry Au-Cu deposit has been enlarged from 4.5 km² to 7 km², a new 4.5 km² ROE sulphide system has been defined, and the White Pass system hosting the historical Brenda deposit has increased from 3.0 km² to 5.0 km². These mineralized systems lie on the Brenda Property, over which AML, through Amarc, holds an option to acquire 100% interest. The company highlights growing evidence for a possible 12 km “AuRORA Trend” of porphyry Au-Cu targets, while also outlining ongoing funding and JV structures at its JOY, DUKE and IKE copper-gold districts in British Columbia.
Amarc Resources (OTCQB:AXREF) increased the 2026 exploration budget for the JOY Copper-Gold District in British Columbia by $5 million to $20 million. The entire 2026 program is fully funded by Freeport-McMoRan Mineral Properties Canada through AuRORA Minerals (AML), a 60% Freeport / 40% Amarc joint venture.
The 2026 spend forms part of Freeport’s $75 million Stage 2 earn-in to gain an additional 10% interest in JOY, for a total 70% interest. According to Amarc, about $35.9 million of this commitment will remain after the 2026 program. Drilling with three rigs is underway to expand the AuRORA gold-copper-silver porphyry deposit and advance the TWINS gold-copper discovery, alongside district-wide surveys.
Freeport previously earned an initial 60% interest in JOY by funding CAD$35 million. At the DUKE District, Boliden funded CAD$30 million and now shares a 60:40 JV with Amarc, while Amarc retains 100% of the IKE District.
Amarc Resources (OTCQB:AXREF) announced the start of the 2026 field program at the JOY Copper-Gold District in north-central BC, operated through joint venture company AuRORA Minerals, owned 60% by Freeport and 40% by Amarc.
The program, fully funded by Freeport through AuRORA Minerals, focuses on step-out drilling at the gold-rich AuRORA Cu-Au-Ag Deposit, early metallurgical and project studies, follow-up drilling at the TWINS copper-gold discovery on the 10 km PINE Porphyry Trend, and district-wide geological, geochemical and geophysical surveys to advance additional porphyry copper-gold targets.
Amarc Resources (OTCQB:AXREF) and Boliden have started a fully funded $4 million 2026 exploration program at the 732 km² DUKE copper-gold district in central BC. The work aims to refine Cu-Au targets for potential drilling.
The program, operated by Amarc under a 60% Boliden / 40% Amarc JV, includes 51 line-km of Induced Polarization and 80 line-km of Magnetotellurics, plus geological and geochemical surveys. Amarc has 180 days from April 30, 2026 to elect to contribute $2.66 million to maintain its 40% JV interest. The DUKE deposit has been expanded to about 900 x 600 metres and remains open.
Amarc Resources (OTCQB:AXREF) outlined a preliminary $15 million 2026 exploration budget for the JOY copper-gold district in BC, fully funded by Freeport through the AML joint venture.
The program includes step-out drilling at the AuRORA deposit, expansion drilling at the TWINS discovery, testing new PIL-area targets, district-wide surveys, and pre-development studies at AuRORA. Mobilization is expected in June with a 70-person camp, three drill rigs and two helicopters.
Amarc Resources (OTCQB:AXREF) appointed Tom McMillan as Vice President, Investor Relations, ahead of its 2026 exploration program set to commence in June.
According to Amarc, McMillan brings 20+ years of capital markets experience as the company advances exploration at its JOY and DUKE porphyry districts with partners Freeport and Boliden.
Amarc (OTCQB:AXREF) commenced trading on the Frankfurt Stock Exchange under the trading symbol AQ5 on April 22, 2026, with ISIN CA0229121094 and WKN 907038.
The listing aims to increase liquidity and access to European retail and institutional investors. Amarc will present at the Deutsche Goldmesse on May 15, 2026, while continuing development of the AuRORA, DUKE and IKE districts in British Columbia.