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. 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.