Earnings ·
Amarc Resources Ltd. reported audited financial statements for the fiscal year ended March 31, 2026
AXREFAmarc Resources Ltd
Amarc Resources Ltd. reported audited financial statements for the fiscal year ended March 31, 2026. The company recorded a net loss of $929,987 for the year, a significant improvement from the $3,912,888 net loss reported in 2025. Total assets stood at $2,046,074 as of March 31, 2026. Key operational highlights include the commencement of a 60:40 joint venture with Boliden Mineral Canada Ltd. in the DUKE District effective April 1, 2026, and continued exploration at the JOY District funded by Freeport-McMoRan. Auditors noted a material uncertainty regarding the company's ability to continue as a going concern due to a lack of current revenue and dependence on future financing. Amarc Resources is a mineral exploration and development company focused on copper-gold porphyry projects in British Columbia.