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Amarc Resources Ltd. - $AXREF STOCK NEWS

Welcome to our dedicated page for Amarc Resources Ltd. news (Ticker: $AXREF), a resource for investors and traders seeking the latest updates and insights on Amarc Resources Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amarc Resources Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amarc Resources Ltd.'s position in the market.

News
Amarc and Boliden Prepare for 2024 Drilling Program at Duke Copper-Gold District
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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 Completes $2.77 Million Financings
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.
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Amarc Announces $2.77 Million in Equity Financings
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.
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Amarc Completes Comprehensive Field Programs To Assess Porphyry Copper-Gold Targets Across The Duke District
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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 Appoints Dr. James Lang As Technical Advisor Further Strengthening Its Team
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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 and Freeport-McMoran Mineral Properties Canada Inc. Commence Planning for the 2024 Joy Copper-Gold District Drilling Program
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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 To Present at the 2023 Kinvestor Days Virtual Conference Mining Day
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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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Amarc Establishes Indigenous Scholarship for Lake Babine Nation as Part of Duke Area Claims Option With Prospector Richard J Billingsley
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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.
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Amarc And Freeport Launch Comprehensive Exploration Program Across The Joy Copper-Gold District
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Amarc's Drilling Continues To Expand The Duke Deposit: Surveys Underway Throughout The Surrounding Duke Copper-Gold District
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Amarc Resources Ltd.

OTC:AXREF

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AXREF Stock Data

18.93M
121.74M
33.19%
6.9%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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