Amarc Resources Raises CAD$20 Million in Private Placement

Amarc Resources Ltd. has successfully completed a fully subscribed private placement, raising CAD$20 million. The company issued 20 million common shares at a price of CAD$1.00 per share, set to be used for exploration, working capital, and general corporate purposes, including the advancement of the JOY District, and the exploration and development of the DUKE and IKE properties.

According to Diane Nicolson, Amarc’s President and CEO, the participation of institutional investors in this round of financing underscores the broader Tier 1 potential of the JOY District, which hosts the AuRORA Gold-Copper Deposit. The AuRORA deposit, discovered in 2024, is described as a key player in unlocking the potential of the JOY District and the Toodoggone Region. The deposit is characterized by strong gold and copper grades, a near-surface environment, and positive geometric prospects, making it an important target for exploration.

Nicolson emphasized, “The AuRORA Gold-Copper Deposit stands not only as a significant asset for Amarc but also as a potential catalyst for the broader development of the JOY District. We are grateful for the continued support of our existing investors and welcome the new investors who are joining us to pursue the full potential of our properties.”

The funds raised from the private placement will be crucial for Amarc as it continues to explore and develop its three core properties: JOY, DUKE, and IKE. The JOY District, in particular, has received strategic funding from major industry players, including Freeport McMoRan and Boliden. The DUKE Deposit, located in the Babine region, is part of one of British Columbia’s most prolific porphyry copper-gold belts, including the historic Bell and Granisle mines and the advanced-stage Morrison deposit.

Amarc’s exploration activities are focused on generating strong shareholder value through the discovery and development of copper and gold deposits. The company’s management team, with a 40-year track record, is well-positioned to drive the exploration and development of these properties. The recent private placement is expected to bolster Amarc’s exploration efforts and support its broader strategic goals.

The shares issued as part of this private placement are subject to a four-month and one-day hold period in Canada, expiring on January 10, 2027. The securities are not registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Agentis Capital Mining Partners acted as the financial advisor to Amarc for this private placement.