Amarc Resources ( (TSE:AHR) ) has issued an update.
Amarc Resources Ltd. has announced a strategic move to enhance its mineral property holdings by signing an option agreement with Canasil Resources Inc. to acquire a 100% interest in the Brenda Property, adjacent to its existing AuRORA copper-gold-silver discovery. This acquisition aims to expand Amarc’s footprint in the Toodoggone-Kemess porphyry region and integrate the Brenda Property into its JOY district, potentially increasing its mineral resource base and strengthening its position in the region. The move is part of a broader strategy to leverage Amarc’s recent high-grade discoveries and Freeport-McMoran’s funding partnership to optimize resource extraction and operational growth.
More about Amarc Resources
Amarc Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. Its primary products are copper, gold, and silver, with a market focus on mineral-rich regions, particularly in north-central British Columbia.
YTD Price Performance: 253.49%
Average Trading Volume: 361,237
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$155.2M
Learn more about AHR stock on TipRanks’ Stock Analysis page.