Financing ·
Amarc Resources Ltd. filed its unaudited condensed interim financial statements and management discussion and analysis…
AXREFAmarc Resources Ltd
Amarc Resources Ltd. filed its unaudited condensed interim financial statements and management discussion and analysis for the three months ended June 30, 2026. The company reported a net income of $1,825,720 (CAD), reversing a net loss of $379,029 in the prior year period, primarily driven by tax rebates and cost recoveries totaling $2,698,546 from joint venture partners. Cash reserves increased to $4,502,858 as of June 30, 2026. On August 24, 2026, Amarc announced a proposed private placement of approximately 20 million common shares at CAD$1.00 per share to raise gross proceeds of approximately CAD$20 million for working capital and project advancement. The company operates in the mineral exploration industry, focusing on developing porphyry copper-gold deposits in British Columbia.