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Recent Updates — AXREF

July 27, 2026View Source ↗

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.