[SCHEDULE 13G/A] AMARC RESOURCES LTD SEC Filing

Rhea-AI Filing Summary

Amarc Resources Ltd. (AXREF) filed Amendment No. 2 to Schedule 13G, stating that Sun Valley Gold LLC, Peter F. Palmedo, Palmedo Holdings LLLP, and Sun Valley Gold Master Fund, Ltd. beneficially own 0 common shares (0.0%) as of September 30, 2025.

The reporting persons indicate no sole or shared voting or dispositive power and certify the securities were not acquired to change or influence control. This reflects the holders no longer having a reportable stake under Section 13 rules.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Amarc Resources Ltd.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

022912109

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 022912109

1

Names of Reporting Persons

SUN VALLEY GOLD LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 022912109

1

Names of Reporting Persons

PETER F. PALMEDO

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 022912109

1

Names of Reporting Persons

PALMEDO HOLDINGS LLLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 022912109

1

Names of Reporting Persons

SUN VALLEY GOLD MASTER FUND, LTD.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Amarc Resources Ltd.
(b)	Address of issuer's principal executive offices: 14th Floor - 1040 W. Georgia Street, Vancouver, British Columbia, Canada V6E 4H1
Item 2.
(a)	Name of person filing: Sun Valley Gold LLC Peter F. Palmedo Palmedo Holdings LLLP Sun Valley Gold Master Fund, Ltd.
(b)	Address or principal business office or, if none, residence: Sun Valley Gold LLC 620 Sun Valley Road P.O. Box 2759 Sun Valley, ID 83353 Peter F. Palmedo 620 Sun Valley Road P.O. Box 2759 Sun Valley, ID, 83353 Palmedo Holdings LLLP 620 Sun Valley Road P.O. Box 2759 Sun Valley, ID, 83353 Sun Valley Gold Master Fund, Ltd. International Management Services Ltd 3rd Flr, Harbour Ctre, N Church St, Box 61, Grand Cayman, Cayman Islands, KY1-1102
(c)	Citizenship: Sun Valley Gold LLC - Delaware Peter F. Palmedo - United States Palmedo Holdings LLLP - Other - Nevada Sun Valley Gold Master Fund, Ltd. - Cayman Islands
(d)	Title of class of securities: Common Shares, no par value
(e)	CUSIP No.: 022912109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Sun Valley Gold LLC - 0 Peter F. Palmedo - 0 Palmedo Holdings LLLP - 0 Sun Valley Gold Master Fund, Ltd. - 0
(b)	Percent of class: Sun Valley Gold LLC - 0.0% Peter F. Palmedo - 0.0% Palmedo Holdings LLLP - 0.0% Sun Valley Gold Master Fund, Ltd. - 0.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Sun Valley Gold LLC - 0 Peter F. Palmedo - 0 Palmedo Holdings LLLP - 0 Sun Valley Gold Master Fund, Ltd. - 0
	(ii) Shared power to vote or to direct the vote: Sun Valley Gold LLC - 0 Peter F. Palmedo - 0 Palmedo Holdings LLLP - 0 Sun Valley Gold Master Fund, Ltd. - 0
	(iii) Sole power to dispose or to direct the disposition of: Sun Valley Gold LLC - 0 Peter F. Palmedo - 0 Palmedo Holdings LLLP - 0 Sun Valley Gold Master Fund, Ltd. - 0
	(iv) Shared power to dispose or to direct the disposition of: Sun Valley Gold LLC - 0 Peter F. Palmedo - 0 Palmedo Holdings LLLP - 0 Sun Valley Gold Master Fund, Ltd. - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SUN VALLEY GOLD LLC

Signature:	By: /s/ Peter F. Palmedo
Name/Title:	Peter F. Palmedo, Managing Member
Date:	11/13/2025

PETER F. PALMEDO

Signature:	By: /s/ Peter F. Palmedo
Name/Title:	Peter F. Palmedo
Date:	11/13/2025

PALMEDO HOLDINGS LLLP

Signature:	By: /s/ Peter F. Palmedo
Name/Title:	Peter F. Palmedo, General Partner
Date:	11/13/2025

SUN VALLEY GOLD MASTER FUND, LTD.

Signature:	By: /s/ Peter F. Palmedo
Name/Title:	Peter F. Palmedo, Director
Date:	11/13/2025

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

Exhibit Information

[Exhibit A - Joint Filing Agreement]

FAQ

What did Amarc Resources (AXREF) disclose in this 13G/A?

The filing reports that the identified holders now beneficially own 0 common shares (0.0%) of Amarc Resources Ltd.

Who are the reporting persons named in the AXREF Schedule 13G/A?

They are Sun Valley Gold LLC, Peter F. Palmedo, Palmedo Holdings LLLP, and Sun Valley Gold Master Fund, Ltd.

What is the event date for the ownership information?

The stated date of event is 09/30/2025.

What percentage of Amarc’s class do the reporters own now?

Each reporting person lists 0.0% of the class and 0 shares beneficially owned.

Do the reporters claim voting or dispositive power over AXREF shares?

They report no sole or shared voting power and no sole or shared dispositive power.

Does the filing indicate any intent to influence control of Amarc Resources?

The certification states the securities were not acquired or held to change or influence control.

What class of securities is covered in this filing?

Common Shares (no par value), CUSIP 022912109.