Amarc Resources Ltd. (AXREF) received a Schedule 13G/A (Amendment No. 2) from Sun Valley-affiliated filers reporting that they no longer beneficially own the company’s common shares. As of the event date 09/30/2025, each reporting person disclosed 0 shares beneficially owned and 0.0% of the class, with no sole or shared voting or dispositive power.
The filing covers:
Sun Valley Gold LLC (IA)
Peter F. Palmedo (IN)
Palmedo Holdings LLLP (PN)
Sun Valley Gold Master Fund, Ltd. (OO)
The certification states the securities were not acquired or held for the purpose of changing or influencing control. Signatures are dated 11/13/2025.
Positive
None.
Negative
None.
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.
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
You have made too many password recovery requests. Please try again tomorrow.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, to receive support.
