Amarc Resources (AHR) AI Stock Analysis

• Market Cap: C$328.98M
• Dividend Yield: N/A
• Average Volume (3M): 920.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.66
• Revenue Growth: N/A
• EPS Growth: -267.65%
• Country: CA
• Employees: 10
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 225,327,360
• 10 Day Avg. Volume: 381,007
• 30 Day Avg. Volume: 920,050
• PEG Ratio: >-0.01
• Price to Book (P/B): -139.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: C$1.50 ▲(5.63% Upside)

The score is held down primarily by weak financial performance (no meaningful revenue base, persistent losses, negative equity, and a recent cash-flow deterioration). Offsetting this, technicals show strong upward momentum with the stock trading above key moving averages, and corporate updates around deposit expansion and partner-backed drilling are positive; however, negative earnings also limit valuation support.

Positive Factors

Strategic Partnerships

The partnership with Freeport-McMoRan provides Amarc with technical expertise and funding, enhancing its exploration capabilities and potential for successful mineral discoveries.

Resource Expansion

Acquiring the Brenda Property expands Amarc's resource base, potentially increasing its mineral reserves and strengthening its competitive position in the mining sector.

High-Grade Discoveries

The discovery of high-grade deposits enhances Amarc's asset portfolio, offering potential for increased future revenue and improved market positioning in the copper-gold sector.

Negative Factors

Financial Instability

Negative equity indicates financial instability, posing risks to Amarc's ability to sustain operations without external financing, impacting long-term viability.

Cash Flow Challenges

Negative cash flows highlight operational inefficiencies and reliance on external funding, which may be unsustainable, affecting long-term financial health.

Lack of Revenue

Absence of revenue generation underscores challenges in monetizing exploration activities, limiting financial growth and increasing reliance on external capital.

Amarc Resources Business Overview & Revenue Model

Company Description

Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It holds 100% interest in the IKE project covering an area of 462 square kilometers located in the Gold Bridge, south-central British Columbia; the DUKE project covering an area of 704 square kilometers located northeast of Smithers, central British Columbia; and the JOY project covering an area of 482 square kilometers located in the Toodoggone region of north-central British Columbia. The company was formerly known as Patriot Resources Ltd. and changed its name to Amarc Resources Ltd. in January 1994. The company was incorporated in 1993 and is based in Vancouver, Canada.

How the Company Makes Money

Amarc Resources makes money primarily through the exploration and potential development of mineral deposits, particularly copper and gold. The company generates revenue by securing mineral rights and conducting exploration activities to identify promising sites for mining. Key revenue streams include the sale or joint development of mineral properties with other mining companies, royalties from developed mines, and potential production revenues if they bring a mine into operation. Significant partnerships with larger mining companies can also contribute to earnings, as these partnerships often provide funding for exploration activities and technical expertise. Additionally, the company may earn income from the sale of any discovered mineral resources or through strategic alliances and agreements with other resource firms.

Amarc Resources Financial Statement Overview

Summary

Amarc Resources faces significant financial difficulties with no revenue generation, negative profitability margins, and financial instability as seen in its balance sheet and cash flow statements. The reliance on external financing and negative equity are key concerns.

Income Statement

The company reported no revenue over multiple periods, leading to negative gross profit and net income. EBIT and EBITDA margins are negative, indicating operational inefficiency and poor profitability. These factors suggest significant challenges in generating income.

Balance Sheet

The company's balance sheet shows negative stockholders' equity, indicating financial instability and potential solvency issues. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is also negative. These factors present significant financial risks.

Cash Flow

Operating and free cash flows are negative, reflecting cash outflows that exceed cash inflows. The company relies on financing activities for liquidity, which is unsustainable in the long term. The operating cash flow to net income ratio is poor, indicating operational cash flow challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-10.09K	-20.18K	-20.18K	-20.18K	-18.49K	0.00
EBITDA	-3.34M	-3.54M	-13.65M	119.31K	-160.51K	1.53M
Net Income	-3.47M	-3.91M	-43.45K	-32.58K	-364.00K	1.36M
Balance Sheet
Total Assets	4.88M	1.88M	9.84M	6.09M	991.83K	1.56M
Cash, Cash Equivalents and Short-Term Investments	4.05M	1.23M	9.05M	5.27M	682.08K	1.33M
Total Debt	1.00M	995.07K	837.15K	720.91K	734.67K	570.00K
Total Liabilities	6.00M	2.69M	8.02M	6.56M	1.62M	1.53M
Stockholders Equity	-1.12M	-809.72K	1.83M	-465.44K	-628.42K	26.94K
Cash Flow
Free Cash Flow	-2.18M	-8.73M	1.11M	4.81M	-237.30K	-191.00K
Operating Cash Flow	-2.18M	-8.73M	1.11M	4.81M	-237.30K	-191.00K
Investing Cash Flow	0.00	0.00	0.00	1.69K	0.00	300.00K
Financing Cash Flow	954.64K	937.97K	2.77M	-47.86K	300.00K	-50.10K

Amarc Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AHR, the sentiment is Positive. The current price of 1.42 is above the 20-day moving average (MA) of 1.34, above the 50-day MA of 1.21, and above the 200-day MA of 0.88, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 67.55 is Neutral, neither overbought nor oversold. The STOCH value of 71.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AHR.

Amarc Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GPH	58 Neutral	C$388.28M	-27.06	-12.80%	―	―	-15.48%
MMA	54 Neutral	C$374.10M	-40.00	-36.30%	―	―	-135.80%
AHR	53 Neutral	C$328.98M	-118.40	-385.36%	―	―	-267.65%
DBG	52 Neutral	C$331.98M	-232.20	-5.12%	―	―	47.32%
TDG	52 Neutral	C$295.95M	-14.64	-40.36%	―	―	-109.66%
TSK	49 Neutral	C$337.46M	-11.88	-319.01%	―	―	30.83%

Amarc Resources Corporate Events

Amarc Deepens AuRORA Discovery as Majors Fund District-Scale Copper-Gold Push in BC

Amarc Resources reported a transformative 2025, highlighted by continued drilling success at its AuRORA Deposit within the JOY copper-gold district in British Columbia’s Toodoggone-Kemess region, where step-out drilling significantly expanded the known mineralized footprint and reinforced its potential as a Tier One porphyry copper-gold asset. Backed by major partners Freeport-McMoRan and Boliden, which together are funding up to $200 million across the JOY and DUKE districts, Amarc advanced a pipeline of high-demand copper-gold projects through expanded drilling, technical studies and district-scale planning, strengthening its strategic position and paving the way for potential future transactions and development decisions.

The most recent analyst rating on (TSE:AHR) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Amarc Resources stock, see the TSE:AHR Stock Forecast page.

Amarc Resources Expands High-Grade AuRORA Deposit, Signaling Major Growth Potential

Amarc Resources, in collaboration with Freeport, has announced significant assay results from its 2025 drill program at the AuRORA Deposit in the JOY District. The drilling has successfully expanded the deposit’s boundaries, indicating a potential Tier One asset with high-grade copper-gold-silver mineralization. The expansion includes a 200-meter extension to the north and further growth to the east and southeast. This development positions Amarc to potentially establish a world-class porphyry copper-gold district, enhancing its industry standing and offering promising prospects for stakeholders.

Amarc Resources Expands High-Grade AuRORA Deposit in JOY District

Amarc Resources Ltd. has announced significant progress in expanding the high-grade AuRORA copper-gold-silver deposit within the JOY District. The 2025 drilling program has successfully extended the deposit by over 200 meters to the north, with further potential for expansion to the north, east, and west. This discovery is considered pivotal for the emergence of a world-class porphyry copper-gold district in the Toodoggone area, potentially increasing exploration opportunities and enhancing Amarc’s industry positioning.

Amarc Resources to Showcase 2025 Progress at Upcoming Conferences

Amarc Resources Ltd. announced its participation in three upcoming conferences to update shareholders and attract new investors. The company has made significant progress in 2025, particularly with its JOY District projects, including the AuRORA porphyry copper-gold-silver deposit. The conferences will provide a platform to discuss these advancements and pending assay results, highlighting JOY’s potential as a world-class porphyry district. This participation underscores Amarc’s strategic efforts to strengthen its market position and engage stakeholders in its growth trajectory.

Amarc and Freeport Complete 2025 Drill Program at JOY District

Amarc Resources Ltd. and Freeport-McMoRan have successfully completed the 2025 drill program at the JOY District in British Columbia, focusing on expanding the AuRORA Deposit. The program, funded by Freeport, involved extensive drilling and geophysical surveys, indicating significant potential for expansion and the emergence of a world-class porphyry copper-gold district. This development enhances Amarc’s industry positioning and could have substantial implications for stakeholders, as Freeport has committed further investment to increase its interest in the project.