New Risk • Jul 24
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$743k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-CA$743k). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. 공고 • Jul 22
Amarc Announces 2026 Joy District Budget to $20 Million to Advance Important Gold-Copper Discoveries Amarc Resources Ltd. announce a $5 million increase in funding for the 2026 JOY Copper-Gold District exploration program, adding to the initial +$ 15 million budget reported in the Company's May 27, 2026 release. The $20 million program is fully funded by Freeport-McMoRan Mineral Properties Canada Inc. ('Freeport'), through AuRORA Minerals Ltd. ('AML'), a private joint venture corporation owned 60% by Freeport and 40% by Amarc. The 2026 expenditures are part of Freeports' $75 million earn-in for an additional 10% interest in the JOY
District under Stage 2 of the Mineral Property Earn in Agreement for a total 70% earned interest. Amarc is the primary contractor managing AML's programs under a separate Services Agreement. At the conclusion of the $20 million 2026 exploration program at the JOY District, approximately $35.9 million will remain in Freeport's earn-in requirement towards earning a 70% interest in the assets of AML. New Risk • Jul 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 52% per year over the past 5 years. Revenue is less than US$1m. 공고 • Jul 03
Amarc Resources Ltd. Announces Commencement of 2026 Aurora and Joy Copper-Gold District Drilling Amarc Resources Ltd. announced that AuRORA Minerals Ltd., the joint venture company in which Freeport-McMoRan Mineral Properties Canada Inc. and Amarc hold 60% and 40% interests, respectively, recently commenced the 2026 field program at the JOY Copper-Gold District in north-central British Columbia. The program will be fully funded by Freeport through AuRORA Minerals Ltd. and includes work on the JOY District and adjacent tenures held under option by AuRORA Minerals Ltd. Amarc is the primary contractor managing AuRORA Minerals Ltd.'s exploration programs at JOY. The 2026 field season has officially begun with a drill focused program designed to continue to unlock the world class potential of the JOY District. The JOY District is also host to the significant TWINS and CANYON copper-gold porphyry discoveries, the PINE and Brenda Deposits and a high potential pipeline of deposit targets that have yet to be fully explored. The 2026 JOY District program includes continued focus on the gold-rich AuRORA Porphyry Copper-Gold-Silver Deposit. Step out drilling will continue to assess the extent and tenure of the AuRORA Deposit. Drilling in 2025 expanded the deposit over an area measuring 1.4 km by 0.8 km, which remains open to expansion. Promising mineralization was also intersected in holes JP25114 and JP25120, located 550 m south and 350 m to the north, respectively, of the current known extent of AuRORA that remains open to expansion. These two holes may indicate substantial further expansion of the AuRORA Deposit, or highlight the broader potential of the 4 km2 Northwest Gossan mineral system in which it lies to host additional deposits. Early-stage metallurgical and other preliminary project development studies at AuRORA are included. Additional drilling at the TWINS Discovery, located approximately 17 km south of AuRORA, on the 10 km long PINE Porphyry Trend, will occur. TWINS occurs within an extensive 8.5 km2 sulphide system. The highly anomalous Au intercepts from very widely spaced and relatively shallow reconnaissance drill holes previously released by Amarc within this target and 2025 results in hole JP25106 which intercepted, at depth, 300 m at 0.51 g/t Au and 0.23% Cu, including 243 m at 0.59 g/t Au and 0.26% Cu, 135 m at 0.86 g/t Au and 0.38% Cu and 45 m at 1.08 g/t Au and 0.47% Cu, highlight the potential for development of another significant porphyry Cu-Au deposit. Geological, geochemical, and geophysical surveys across the District will refine the emerging pipeline of porphyry copper-gold deposit targets for drill testing. Freeport-McMoRan Mineral Properties Canada Inc. earned, under the Mineral Property Earn-In Agreement, an initial 60% interest in the JOY District by funding CAD 35 million under an accelerated timeframe. The District is now being advanced through AuRORA Minerals Ltd., a private joint venture corporation held 60% by Freeport and 40% by Amarc. Freeport has elected to earn a further 10% interest in the JOY District by funding an additional CAD 75 million in staged expenditures. While Freeport is now the Operator of JOY, AuRORA Minerals Ltd., the joint venture company has appointed Amarc as the primary contractor to continue to manage the JOY exploration programs under a separate Services Agreement. Amarc executed on behalf of AuRORA Minerals Ltd., an expanded exploration program exceeding CAD 16 million in 2025, completing substantial expansion drilling at the AuRORA Deposit and across other discoveries and deposit targets. Mark Rebagliati, P.Eng, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved all technical and scientific information related to the JOY Project contained in this news release. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. CEO, President & Director Diane Nicolson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
