Amarc Resources issued 20,000,000 common shares at CAD $1.00 each, generating CAD $20,000,000 in gross proceeds through a fully subscribed private placement. The funding is intended for JOY District exploration, working capital, corporate purposes, project investigations and progress at the DUKE and IKE properties.

Key Highlights

  • Amarc Resources issued 20,000,000 common shares at CAD $1.00 per share.
  • The shares are subject to a Canadian hold period expiring January 10, 2027.
  • Amarc Resources raised CAD $20,000,000 through a fully subscribed private placement.
  • The financing closed on September 10, 2026, with 20,000,000 common shares issued at CAD $1.00 per share.

AMARC RESOURCES LTD (OTC: AXREF) raised CAD $20,000,000 through a fully subscribed private placement, issuing common shares to investors. The proceeds are earmarked for future exploration tied to the JOY District and for Working Capital and corporate purposes.

CAD $1.00 Shares Close the Financing

The financing closed on September 10, 2026, with Amarc issuing 20,000,000 common shares at CAD $1.00 per share. Gross proceeds totaled CAD $20,000,000. The company plans to direct the money toward any required future exploration expenditures connected with JOY, working capital, general corporate purposes and project investigations. The proceeds will also support progress at Amarc’s other properties, including DUKE and IKE.

Amarc said institutional investors participating in the Placement recognized broader potential in the JOY District, where the AuRORA Gold-Copper Deposit is located. The company’s stated use of proceeds extends across three copper-gold districts, rather than JOY alone.