Amarc Resources Ltd 6-K, filed Dec 10, 2020
Amarc Resources Ltd (AXREF)
6-K
2020-12-10
For: 2020-12-09
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Added on
April 07, 2026
About this 6-K
Amarc Resources Ltd filed this 6-K on December 10, 2020.
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
As at
December 9,
2020
Commission
File Number: 000-49869
AMARC RESOURCES LTD.
(Translation
of registrant's name into English)
15th Floor
– 1040 W. Georgia Street
Vancouver, British Columbia
Canada V6E 4H1
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
[X]
Form 20-F [ ] Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):
[ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):
[ ]
SUBMITTED HEREWITH
Exhibits
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Press Release dated
December 9, 2020 Amarc to Divest of Newton Gold
Property
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Amarc
Resources Ltd.
(Registrant)
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Date: December 9,
2020
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By:
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/s/ Trevor
Thomas
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Trevor
Thomas
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Secretary
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Exhibit
99.1
AMARC TO DIVEST OF NEWTON GOLD PROPERTY
December 9, 2020, Vancouver, BC – Amarc Resources Ltd.
(“Amarc” or the “Company”) (TSX-V: AHR;
OTCBB: AXREF) announces that it has entered into an agreement to
sell its Newton Property (the “Property”) located in
south-central British Columbia to an arm’s length private
company, which is currently considering going-public alternatives.
Under the terms of the agreement, Amarc will receive $300,000 in
cash and 5.5 million equity units (share plus warrant) in the
private company valued at $0.25 per unit. In addition, Amarc will
retain a 2% NSR Royalty in the Property. Further updates will be
provided as the private entity achieves listing.
About Amarc Resources Ltd.
Amarc
is a mineral exploration and development company with an
experienced and successful management team focused on developing a
new generation of BC porphyry copper-gold mines. By combining
strong projects and funding with successful management, Amarc has
created a solid platform to create value from its exploration and
development-stage projects.
Amarc
is advancing the 100%-owned IKE, DUKE and JOY porphyry copper-gold
deposit projects located in different prolific porphyry districts
in southern, central and northern BC, respectively. Each of the
three projects is located in proximity to industrial infrastructure
– including power, highways and rail. These projects
represent significant potential for the development of multiple and
important-scale, porphyry copper-gold deposits.
Amarc
is associated with HDI, a diversified, global mining company with a
30-year history of porphyry discovery and development success.
Previous and current HDI projects include some of BC’s and
the world’s most important porphyry deposits – such as
Pebble, Mount Milligan, Kemess South, Kemess North, Gibraltar,
Prosperity, Xietongmen, Newtongmen, Florence, Casino, Sisson,
Maggie, IKE and Pine. From its head office in Vancouver, Canada,
HDI applies its unique strengths and capabilities to acquire,
develop, operate and monetize mineral projects.
Amarc
works closely with local governments, indigenous groups and other
project stakeholders in order to advance its mineral properties
responsibly, and to do so in a manner that contributes to
sustainable community and economic development. Amarc senior
management and project teams seek early and meaningful engagement
with local landowners, First Nations and other land interests to
ensure its mineral exploration and development activities are
well-coordinated and broadly supported, to address local priorities
and concerns, and to optimize opportunities for collaboration and
local benefit. In particular, the Company seeks to establish
mutually beneficial partnerships with indigenous groups within
whose traditional territories its projects are located –
including through the provision of jobs, training programs,
contract opportunities, capacity funding agreements and sponsorship
of community events. All Amarc work programs are carefully planned
to achieve high levels of environmental and social
performance.
For
further details on Amarc Resources Ltd., please visit the
Company’s website at www.amarcresources.com
or contact Dr. Diane Nicolson, President and CEO, at (604) 684-6365
or within North America at 1-800-667-2114.
ON
BEHALF OF THE BOARD
Dr.
Diane Nicolson
President
and CEO
Neither
the TSX Venture Exchange nor any other regulatory authority accepts
responsibility for the adequacy or accuracy of this
release.
Forward Looking and other Cautionary Information
This
news release includes certain statements that may be deemed
"forward-looking statements". All such statements, other than
statements of historical facts that address exploration drilling,
exploitation activities and other related events or developments
are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements.
Assumptions used by the Company to develop forward-looking
statements include the following: Amarc's projects will obtain all
required environmental and other permits and all land use and other
licenses, studies and exploration of Amarc's projects will continue
to be positive, and no geological or technical problems will occur.
Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices,
potential environmental issues or liabilities associated with
exploration, development and mining activities, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and
tenure and delays due to third party opposition, changes in and the
effect of government policies regarding mining and natural resource
exploration and exploitation, exploration and development of
properties located within Aboriginal groups asserted territories
may affect or be perceived to affect asserted aboriginal rights and
title, which may cause permitting delays or opposition by
Aboriginal groups, continued availability of capital and financing,
and general economic, market or business conditions, as well as
risks relating to the uncertainties with respect to the effects of
COVID-19. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected in the forward-looking
statements. For more information on Amarc Resources Ltd., investors
should review Amarc's annual Form 20-F filing with the United
States Securities and Exchange Commission at www.sec.gov and its
home jurisdiction filings that are available at
www.sedar.com.