AMARC RESOURCES LTD

AMARC RESOURCES LTD is a mineral exploration company focused on the discovery and advancement of porphyry copper-gold-molybdenum-silver deposits in British Columbia, Canada. The company operates three district-scale projects: the JOY District in northern BC, the DUKE District in central BC, and the IKE District in southern BC. Each of these districts is located near industrial infrastructure, including power, highways, and rail. AMARC holds a 40% interest in AuRORA Minerals Ltd., a private joint venture company that owns the mineral rights and titles for the JOY District. Freeport-McMoRan Mineral Properties Canada Inc. holds the remaining 60% interest in AuRORA Minerals. AMARC is the manager for the JOY District. For the DUKE District, AMARC holds a 40% interest in a 60:40 joint venture with Boliden Mineral Canada Ltd. ("Boliden"), which holds a 60% interest. AMARC is the operator for the DUKE District. AMARC is the 100% owner and operator of the IKE District. The company's properties consist of mineral claims, and in the case of IKE, also a few small crown grants. These claims were acquired through agreements with previous owners or directly from the Government of BC via online staking. To maintain the good standing of mineral claims, exploration and development work or equivalent payments must be registered and received by Mineral Titles Online (MTO) before the claim's good-to-date.