Amarc Resources Faces Going Concern Uncertainty

Amarc Resources (TSE:AHR) has released an update.

Amarc Resources Ltd. has released its financial statements for the years ending March 31, 2024, 2023, and 2022, which have been audited by an independent firm. The company is currently without a revenue source, has incurred losses since inception, and its continuation as a going concern is dependent on securing new financing, which creates significant uncertainty for its future. The auditors have emphasized that the company’s financial statements fairly present its position, but the going concern note highlights critical concerns regarding its ability to continue operating.

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