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 (AXREF) specializes in exploring high-potential porphyry copper-gold deposits across British Columbia's mineral-rich districts. This dedicated news hub provides investors with verified updates on exploration progress, corporate developments, and strategic initiatives.
Access timely press releases detailing drilling results, geophysical survey findings, and partnership announcements. Our curated collection ensures transparent tracking of operational milestones from the JOY, DUKE, and IKE projects, supported by non-speculative factual reporting.
Key updates include earnings announcements, technical report publications, and joint venture developments. Each entry is formatted for clarity across devices, maintaining focus on material business developments relevant to long-term value creation in mineral exploration.
Bookmark this page for streamlined access to Amarc's official communications, or check regularly for updates on British Columbia's evolving copper-gold exploration landscape.
Amarc Resources Ltd. has commenced drilling at its 100% owned DUKE porphyry Cu-Au district in British Columbia, under a funding agreement with Boliden Mineral Canada Ltd.. Boliden can earn up to a 70% interest by investing up to $90 million in the project. Drilling will focus on the DUKE Deposit and is expected to continue into early 2023, with results anticipated throughout the year. The DUKE District, an area with historical mining activity, is recognized for its significant mineral potential, supported by existing infrastructure.
Amarc Resources Ltd. announced a Mineral Property Earn-in Agreement with Boliden Mineral Canada Ltd. to enhance the DUKE porphyry Cu-Au district in British Columbia. Boliden can earn up to 70% ownership by investing CDN$90 million in exploration over ten years. The DUKE district, covering 678 km2, has significant infrastructure and shows promise with multiple identified Cu deposit targets. Amarc aims to leverage Boliden's experience to advance the project, with drilling permits already in place.
Amarc Resources Ltd. has expanded its exploration program at the JOY District in British Columbia, backed by Freeport-McMoRan, which is investing approximately CDN$14 million for 2022. The program includes 15,427 meters of helicopter-supported drilling, focusing on the PINE Deposit and multiple copper-gold targets. A total of 8,000 core, rock, and soil samples have been sent for analysis. The JOY District is strategically positioned near significant mineral deposits, reflecting Amarc's commitment to unlocking its potential.
Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) emphasizes its commitment to responsible mineral development in British Columbia. The company is focusing on its 100%-owned JOY, DUKE, and IKE Districts, which host significant copper-gold deposits. With expectations of increasing global copper demand reaching 53 million metric tons by 2050, Amarc is strategically developing partnerships and engaging in non-dilutive exploration. The CEO highlights the importance of copper in achieving net-zero carbon emissions by 2050 and anticipates sharing continuous development updates with investors.
Amarc Resources Ltd. (TSXV:AHR; OTCQB:AXREF) has engaged KIN Communications Inc. for investor relations to enhance its market presence. CEO Diane Nicolson highlighted Amarc's position in three copper-gold districts with potential deposits. The company has partnered with Freeport Mineral Properties Canada Inc. and is planning development programs for its DUKE and IKE districts. The agreement with Kin is for 12 months at $12,500 monthly, plus stock options for 1,000,000 shares at $0.11, subject to regulatory approval.
Amarc Resources Ltd. (OTCQB:AXREF) has secured an additional $100,000 from director Robert Dickinson, increasing its total loan obligation to $1.1 million. The unsecured loan carries a 10% annual interest rate, repayable by November 26, 2024, or upon default. The funds will be allocated towards the initial $100,000 requirement for a five BC mineral claims option, which costs $1 million in total. Amarc aims to conduct geophysical work on these claims immediately, as they hold significant potential for developing copper-gold deposits.
Amarc Resources Ltd. (OTCQB:AXREF) is set to participate in the 2022 Prospectors and Developers Association Conference from June 13-15 at the Toronto Convention Centre. Delegates are encouraged to visit Booth #3240 to engage with President and CEO Diane Nicolson and Executive Chair Bob Dickinson regarding recent organizational advancements and the strategic plans for Amarc's 100%-owned copper-gold districts in British Columbia, including the JOY, IKE, and DUKE areas. These districts are highlighted by four known deposits and ten further exploration targets.
Amarc Resources Ltd. announced a $100,000 increase to an existing $1 million loan from a director and major shareholder, now totaling $1.1 million. The unsecured loan will incur a 10% annual interest and is due by November 26, 2024, or upon financing milestones. In return, Amarc will issue 1,176,470 warrants at $0.085 per share. Proceeds will fund a $100,000 option requirement for mineral claims, with an additional $900,000 payable over the next nine years. The company focuses on developing high-value porphyry copper-gold mines in British Columbia.
Amarc Resources Ltd. (TSXV:AHR, OTCQB:AXREF) announced its participation in the 2022 Vancouver Resource Investment Conference on May 17-18, showcasing its 100%-owned copper-gold districts in British Columbia, including the JOY, IKE, and DUKE. The company aims to advance four copper-gold deposits and ten drill-ready targets. Notably, CJ Greig, a key technical advisor, received the A.O. Dufresne Exploration Achievement Award for his contributions to mining exploration. Forward-looking statements caution potential risks, including market and environmental factors that could impact project timelines.
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