Amarc Resources Initiates $10 Million Drilling Program in DUKE District

An update from Amarc Resources ( (TSE:AHR) ) is now available.

Amarc Resources Ltd. has launched a $10 million drilling program for 2025 in the DUKE Copper-Gold district in central British Columbia, funded by Boliden. The program aims to test multiple copper-gold deposit targets, with a focus on expanding exploration efforts to the north and south of the DUKE porphyry deposit. This initiative is part of Amarc’s broader strategy to capitalize on the increasing demand for copper driven by global economic development and clean energy needs. The initial scout drilling has identified promising mineralized environments at the JO, C4, and Svea targets, with further drilling planned to define higher-grade mineralization. This exploration effort is expected to contribute significantly to the provincial economy and local communities.

Spark’s Take on TSE:AHR Stock

According to Spark, TipRanks’ AI Analyst, TSE:AHR is a Underperform.

Amarc Resources faces substantial financial challenges with no revenue and negative equity, which severely impacts its overall financial health. While technical indicators show some neutrality, valuation metrics highlight significant issues, particularly due to its negative P/E ratio. Despite promising developments in corporate events, these factors are not enough to offset the core financial and valuation concerns.

To see Spark’s full report on TSE:AHR stock, click here.

More about Amarc Resources

Amarc Resources Ltd. operates in the mining industry, focusing on the exploration and development of copper-gold deposits. The company is engaged in systematic exploration efforts in British Columbia, Canada, particularly in the DUKE Copper-Gold district, with a strong emphasis on discovering new mineral occurrences in historically explored regions.

Average Trading Volume: 87,884

Technical Sentiment Signal: Buy

Current Market Cap: C$154.8M

Find detailed analytics on AHR stock on TipRanks’ Stock Analysis page.