Welcome to our dedicated page for Amarc Res news (Ticker: AXREF), a resource for investors and traders seeking the latest updates and insights on Amarc Res 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 Ltd. (TSXV:AHR)(OTCQB:AXREF) highlights a surge in global copper demand driven by renewable energy and electrification technologies. CEO Dr. Diane Nicolson states that a significant supply gap, predicted by Goldman Sachs to reach 8.2 million tonnes by 2030, underscores copper's critical role in achieving carbon-neutrality. Demand from wind, solar, and electric vehicles is expected to rise dramatically, with EV-related copper demand soaring over 1,000%. Amarc's three key copper-gold districts in British Columbia present a strategic position to capitalize on these trends.
Amarc Resources Ltd. (OTCQB:AXREF) has signed a Mineral Property Earn-In Agreement with Freeport-McMoRan, allowing Freeport to acquire up to a 70% stake in Amarc's JOY copper-gold district in British Columbia. The JOY District spans 482 km2 and includes key targets like the PINE and MEX deposits. Freeport plans to invest CDN $35 million over five years, initiating a $4 million program in the first year. Amarc's partnership with Freeport aims to leverage their combined expertise to develop the promising mineral potential of the JOY District sustainably.
Amarc Resources Ltd. has entered into an Exploration Agreement with the Lake Babine First Nation for the DUKE Cu-Au District in British Columbia. The agreement outlines respectful engagement and cooperative planning to ensure mutual benefits. Spanning 704 km2, the DUKE Project boasts a 100% interest held by Amarc and includes significant exploration targets. The company plans to conduct further exploration, supported by local infrastructure. Amarc emphasizes collaboration with indigenous groups for sustainable development and economic opportunities.
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Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) will exhibit at the 2021 Prospectors and Developers Association Conference from March 8 to 11. The company invites delegates to visit its virtual booth to discuss developments concerning its 100%-owned copper-gold districts in British Columbia: IKE, JOY, and DUKE. These districts contain four known copper-gold deposits and ten fully permitted porphyry copper-gold targets ready for drilling. Mark Rebagliati, a qualified person, has approved the technical content of this release.
Amarc Resources Ltd. has announced the sale of its Newton Property in British Columbia for $300,000 in cash and 5.5 million equity units valued at $0.25 each in a private company. Amarc will also maintain a 2% NSR Royalty on the Property. The deal comes as the private company explores going-public options. Amarc aims to develop its copper-gold projects, including IKE, DUKE, and JOY, strategically located near essential infrastructure. Future updates will follow as the buyer progresses towards a public listing.