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ACCESS Newswire·

Amarc to Participate in the Consolidation of AuRORA West

  • TDG Gold Corp. has agreed with Freeport-McMoRan Mineral Properties Canada Inc. to sell its AuRORA West property to two private companies controlled by Freeport.
  • Under the August 2025 Shareholders Agreement, Freeport & Amarc must offer AOI Interests (mineral claims within 2 km of the AuRORA Minerals Ltd. property) to AML at cost.
  • Freeport currently owns 60% of AML & is funding $75 million in Stage 2 expenditures to earn a further 10% interest, with approximately $40-$45 million funded to date.
  • Freeport is required to fund the first $30-$35 million of AOI Interests acquisition costs to complete its 70% equity stake in AML.
  • Upon Freeport reaching 70% ownership, Amarc will assume responsibility for its 30% share of AML costs, including any AOI Interests consideration.
  • Amarc has a minimum of 45 days to elect to contribute applicable claims to AML after receiving formal notice from Freeport.
  • Amarc holds a strong financial position following a C$20 million private placement completed in September 2026.
  • Agentis Capital Mining Partners has been engaged as the financial advisor for Amarc Resources Ltd.
  • The JOY District contains the AuRORA deposit, described by Amarc as a potentially high-grade porphyry gold-copper-silver discovery in British Columbia.
  • The DUKE District operates under a 60:40 joint venture with Boliden Mineral Canada Ltd., where Amarc serves as the operator.
  • The IKE District hosts two known copper±gold deposits open for drill expansion & multiple targets ready for drill discovery.
  • Mark Rebagliati, P.Eng, has reviewed & approved all technical information contained in this release as the Qualified Person.
Company
Amarc Resources Ltd.
Keywords
Metals & Mining, Company Update