25 June 2026other● Neutral
The exhibit attached to this 6-K is effectively blank in the filed copy - the press release body is missing, leaving only a header. Nothing can be reported from it.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 May 2026director officer appointment● Neutral
Appointed Tom McMillan as Vice President, Investor Relations ahead of the 2026 season. The release confirms 2026 programmes are still being planned with Freeport at JOY and Boliden at DUKE but contains no exploration results.
2 Apr 2026joint venture update▼ BadMajor
Boliden completed C$30 million of spending and earned its 60% of DUKE, and then declined the option to take 70% by investing a further C$60 million. From 1 April 2026 DUKE runs as a 60:40 joint venture in which Amarc must fund 40% of every programme or be diluted - a materially worse position than the free carry it had enjoyed since 2022. Amarc stays as operator and a 2026 programme is being planned. Freeport, by contrast, elected to keep spending at JOY.
19 Feb 2026drilling result▲ GoodMajor
A third porphyry system at JOY, TWINS, 17 kilometres southeast of AuRORA under an 8.5 square kilometre geophysical anomaly. The story is four holes over five years getting progressively better with depth: JP21004 in 2021 gave 42 metres at 0.19 g/t gold and 0.11% copper, JP22020 210 metres at 0.14 g/t gold, JP24051 124 metres at 0.35 g/t gold and 0.13% copper, and JP25106, drilled underneath both, returned 300 metres at 0.51 g/t gold and 0.23% copper from 819 metres including 45 metres at 1.08 g/t gold and 0.47% copper. Amarc compares these to early Kemess East holes. Grades are a fraction of AuRORA's, the mineralisation starts 800 metres down, and the company says more drilling is required to build on it.
27 Jan 2026drilling result▲ GoodMajor
The last 12 of the 23 AuRORA expansion holes complete the 2025 picture: mineralisation now covers 1.4 kilometres by 0.8 kilometres and is still open north, east, south and southwest. After a full year of step-out drilling the deposit has roughly tripled its footprint from the 500 by 600 metre area outlined in 2024, with host rocks, alteration and grades consistent throughout.
15 Jan 2026other● Neutral
A year-in-review release rather than new results. It states the partner arrangements are worth up to C$200 million in staged funding across JOY and DUKE, of which about C$81 million has actually been received, and that Amarc spent more than C$16 million at JOY in 2025 on Aurora Minerals' behalf. Boliden had funded C$30 million at DUKE by the end of 2025, earning 60%, with the option to go to 70% for a further C$60 million still open at that date. Useful for the funding arithmetic; no new drill data.
10 Dec 2025drilling result▲ GoodMajor
Further step-outs extended AuRORA about 100 metres further north and 200 metres east: JP25109 returned 200.95 metres of 1.38 g/t gold and 0.27% copper including 111 metres of 2.24 g/t gold, and JP25107 gave 201 metres of 1.40 g/t gold and 0.28% copper. These are back at discovery-hole grade after the weaker northern edge. JP25093 on the same section returned only 120 metres of 0.28 g/t gold, and four step-out holes on one section were still pending. AuRORA drilling in 2024-25 now totals 45 holes and 17,586 metres.
3 Nov 2025drilling result▲ GoodMajor
Six holes on sections 8000N and 8100N pushed AuRORA more than 200 metres further north: 231 metres of 0.83 g/t gold and 0.22% copper including 141 metres of 1.11 g/t gold, 154 metres of 0.79 g/t gold including 60 metres of 1.58, and 200.4 metres of 0.70 g/t gold. Not every hole worked - JP25095 returned only 67 metres of 0.18 g/t gold and 0.13% copper. Grades on this northern edge run below the 2024 discovery core, which is what step-out drilling into the margins of a deposit usually looks like.
22 Oct 2025drilling progress report▲ Good
The 2025 JOY programme finished: 15,381 metres in 35 holes with up to four rigs, of which 24 holes and 9,687 metres went into AuRORA - 23 step-outs and only one infill hole, so the season was about finding the edges rather than firming up the middle. Amarc has now drilled 127 holes and 54,497 metres at JOY since 2017, and the district has been enlarged to 630 square kilometres.
24 Sept 2025drilling result▲ GoodMajor
A single partial result released on its own because of where it sits: JP25098, 260 metres southeast of the nearest 2024 discovery holes, returned 159 metres of 0.33% copper, 0.43 g/t gold and 5.2 g/t silver. The grade is well below the AuRORA core, but the hole lies outside the strong magnetic high that hosts the high-grade material, which means magnetic highs are not the only place worth drilling at JOY. Nineteen step-out holes and one infill hole, over 7,000 metres, had been drilled at AuRORA by then.
4 Sept 2025joint venture update▲ GoodMajor
Freeport elected to proceed to Stage 2 at JOY: a further C$75 million over five years at no less than C$10 million a year, earning it an extra 10% of Aurora Minerals Ltd, the joint venture company that now holds the JOY titles and in which Amarc holds 40% against Freeport's 60%. If Freeport does not spend it, funding reverts to pro rata 60:40. Freeport also becomes operator, with Amarc retained as primary contractor to run the fieldwork under a separate services agreement - Amarc keeps the work but no longer controls the project.
16 July 2025other▲ Good
The C$10 million 2025 JOY programme began, 100% funded by Freeport, drilling AuRORA, PINE, Twins and Canyon and other targets, with further ground consolidated into the district.
2 July 2025other▲ Good
Boliden funded a C$10 million 2025 drill programme at DUKE, stepping north and south from the deposit to test targets across the 732 square kilometre district, with nine targets never drilled before. Amarc remains operator.
29 May 2025drilling result● NeutralMajor
Freeport completed the Stage 1 requirement of C$35 million ahead of schedule and has earned an initial 60% of JOY. The C$10 million 2025 programme depends on Freeport electing to proceed to Stage 2 - a further C$75 million - which Amarc expects in the third quarter. Amarc's share of JOY is now a minority, and the drilling only continues if the partner keeps electing to fund it.
14 May 2025drilling result▲ GoodMajor
Results from IKE, the district Amarc still owns outright and funds itself. Nine 2024 holes in the Greater Empress area, 6 kilometres north of the IKE porphyry, returned 181 metres of 0.46% copper-equivalent from 30 metres including 60 metres of 0.90%, and 68 metres of 0.56% including 29 metres of 0.73%. Re-assaying historical core gave 158 metres of 0.69% including 47 metres of 1.44%, and 77 metres of 0.73% including 44 metres of 1.14%. Higher grade and more gold-rich than the bulk-tonnage IKE deposit itself, but on a property with no partner paying for it.
28 Feb 2025drilling result▲ GoodMajor
The remaining 2024 assays include the best hole yet at AuRORA, 132.00 metres of 1.71% copper-equivalent (1.87 g/t gold, 0.63% copper, 5.2 g/t silver) including 90.00 metres of 2.26% (2.53 g/t gold), plus 204.00 metres of 0.72% including 50.85 metres of 1.41%. Twenty holes now define AuRORA, and a second new porphyry system was discovered at the Twins target on the PINE trend. Amarc states plainly that four planned sections could not be completed because the camp housing its crew closed for the season - the programme ended on logistics rather than on results.
20 Feb 2025other● Neutral
A conference notice: Amarc will show AuRORA drill core at PDAC in Toronto and a consultant will give a technical talk on the discovery. No new data.
11 Feb 2025material agreement● Neutral
Amarc optioned the adjacent Brenda property from Canasil - 22 claims immediately east of AuRORA - on a five-year option requiring C$400,000 a year and an exercise price rising from C$8 million in year one to C$12 million in year five, subject to a 2% smelter royalty of which half can be bought for C$5 million before mining. The claims fall inside the Freeport area of common interest, so they will be offered into the JOY district rather than held separately. Ground-securing after a discovery, at prices set by the discovery.
21 Jan 2025drilling result▲ GoodMajor
More AuRORA holes in the same vein: JP24060 gave 130 metres of 1.98% copper-equivalent (2.40 g/t gold) from 74 metres including 81 metres at 2.89%, and JP24075 266 metres of 1.02% from 34 metres. Two of the five reported holes were weaker - JP24068 at 192 metres of 0.56% and JP24063 at 132 metres of 0.88% - so the deposit is not uniformly high grade, but continuity from near surface holds across the step-outs.
17 Jan 2025drilling result▲ GoodMajor
The discovery that changes Amarc: AuRORA, in the Northwest Gossan area of JOY that had never been drilled. JP24057, the first hole ever put into it, returned 82 metres of 1.08% copper-equivalent (1.24 g/t gold, 0.38% copper, 2.47 g/t silver) from 18 metres. Systematic step-outs then gave JP24074 162 metres of 1.90% copper-equivalent (2.19 g/t gold) from 69 metres including 81 metres at 3.04%, JP24071 212 metres of 1.18% from 21 metres, and JP24059 271 metres of 0.81% from 24 metres. These are gold-rich porphyry grades several times anything Amarc has reported at PINE, DUKE or IKE, and they start near surface. Freeport funds it and Amarc operates.
23 Dec 2024debt financing▼ Bad
A Third Loan Amendment pushed repayment of the C$1 million director loan out by a year, from 26 November 2024 to 26 November 2025, on unchanged terms. The company could not repay it, and the lender is a director and significant shareholder.
17 Dec 2024joint venture update▲ Good
Boliden committed to a further year of the DUKE earn-in with a C$10 million 2025 budget, Amarc still operator. The 2024 work was delineation drilling on the deposit plus more than 5,800 metres of summer scout drilling across the district, with results still being compiled - no assays disclosed.
21 Nov 2024drilling progress report● Neutral
Over 29,000 metres drilled across all three districts in 2024 with up to five rigs: 16,883 metres in 40 holes at seven JOY targets including PINE, Canyon, Twins and the Northwest Gossan, funded by Freeport, plus the Boliden-funded DUKE work and a programme at IKE. Assays were still being received; every result from this season, including the AuRORA discovery, was reported later.
25 June 2024other● Neutral
Summer drilling restarted at DUKE aimed at the SVEA target - a 7 square kilometre geophysical anomaly where a short historical hole, DDH 69-3, gave 0.36% copper and 0.18 g/t gold over 23.7 metres - and at the new JO target. The winter delineation drilling on the DUKE deposit itself is reported as further defining copper-molybdenum mineralisation in the centre and finding more to the north and south, without assay figures.
16 Apr 2024drilling result● Neutral
Introduces JO, a new target in the DUKE district defined by coincident geophysical anomalies and an outcrop grab sample of 0.18% copper, 0.52 g/t gold, 16 g/t silver. It is a target, not a discovery - nothing has been drilled. Boliden funded C$10 million in 2023 and has budgeted another C$10 million for 2024.
13 Dec 2023drilling progress report▲ Good
Boliden will fund a C$10 million DUKE programme in 2024 with drilling from February. The 2022-23 drilling, 11,086 metres, expanded the deposit to 650 by 800 metres and at least 600 metres deep and produced encouraging widely spaced intercepts in the surrounding anomaly. No assay numbers are given here beyond the two holes already reported.
4 Dec 2023capital raising announcement▼ BadMajor
Raised C$2.77 million in two concurrent private placements, issuing 25,000,000 shares and 4,807,693 five-year warrants at C$0.08: 15,384,615 flow-through shares at C$0.13 and 9,615,385 non-flow-through units at C$0.08 for C$769,231. Pricing at eight cents, and creating a new insider in the process, is what corporate-level funding costs Amarc even while Freeport and Boliden pay for the drilling.
26 June 2023drilling progress report● Neutral
The 2023 JOY season is surveys and access-road rehabilitation, not drilling - refining targets ahead of an intended 2024 drill programme, fully funded by Freeport. A year with no drill results from the district that had produced the PINE expansion and the Canyon discovery.
13 Apr 2023drilling progress report● Neutral
Phase 1 at DUKE finished: 24 holes and 11,070 metres with three rigs, two on the deposit and one testing the 4.7 square kilometre geophysical anomaly around it. Boliden is funding the full C$10 million 2023 budget. Only the first two holes have been reported; the other 22 are pending, and Phase 2 in the summer will be surface surveys over ten targets rather than drilling.
3 Mar 2023drilling result▲ GoodMajor
The 2022 JOY programme - 37 holes, 15,427 metres - stretched the PINE deposit to more than 1,700 metres of strike with intercepts of 204 metres at 0.42% copper-equivalent and 105 metres at 0.40%, and made a genuinely new discovery at the Canyon target with 96 metres of 0.51% copper-equivalent inside 296 metres of 0.39%. Freeport has now put about C$20 million into JOY across two years. PINE's grades are gold-weighted (0.18% copper with 0.41 g/t gold); Canyon's are copper-weighted.