British Columbia Exploration Co. Expands Significant Copper-Gold Footprint

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Amarc Resources Ltd. (AHR:TSX.V; AXREF.OB:OTCBB) is continuing to partner with Boliden Mineral Canada Ltd. to explore the DUKE copper-gold project in British Columbia. On April 1, 2026, Amarc gave a press release announcing that a Boliden AB (BLIDF: OTCPK; BOLD:ST) 60% / Amarc 40% Joint Venture from November 2022 has begun. Boliden invested CA$30 million at the end of 2025 in exchange for 60% of interest, choosing to forego its option to increase it to 70%. Now, Boliden can invest 60% into future programs, while Amarc will invest 40%, which will dilute interest in the DUKE project.

The companies are planning a drilling project for this year to explore and find potential copper-gold targets in the district, with Amarc acting as the primary operator. So far, drilling at DUKE has revealed a porphyry system extending over 650 meters by 800 meters, at a depth of over 600 meters. These findings present potential for the discovery of new deposits.

The DUKE district lies within the Babine Region of BC, which formerly contained the Bell and Granisle Cu-Au mines. Existing infrastructure and data has helped to quicken exploration programs, with Access Newswire reporting, "In 2025, greenfield reconnaissance scale Induced Polarization ground geophysical survey work (58 line-km), geochemical (1,012 soil samples) and geological surveys, were combined with the drilling of 36 holes (9,208 m) comprising five holes at the DUKE Deposit and DUKE Offset and 31 scout holes other target areas throughout the extensive tenure," on April 2, 2026.

Amarc Resources Ltd. is a Canadian junior exploration company based in British Columbia. It is associated with Hunter Dickinson Inc. (HDI), a proven minerals company. Amarc is focused entirely on exploring and developing gold-copper mines located within British Columbia, Canada.

Gold Market Settles

Gold spiked in last night's overnight stock session after President Trump announced a two-week ceasefire with Iran. On April 8, 2026, Kitco reported, "Analysts note that, as expected, the announcement is pushing both gold and equities higher, while crude oil prices are moving lower. In overnight activity, S&P 500 futures are up more than 2% on the session. At the same time, West Texas Intermediate (WTI) crude oil futures are down 18%." Gold was last trading at US$4,809.20 per ounce, according to Kitco.

BMO Markets weighed in on gold futures on April 8, saying, "Given speculative positioning had reduced significantly since the conflict started, metals are now on firm ground to see further upside as long as positive conflict news flow continues, albeit oil prices are not expected to snap back to pre-conflict levels imminently." Gold has gone down this month but still appears to be hovering at higher prices than last year.

As for copper, Neils Christensen of Kitco News interviewed Craig Parry, Chairman and CEO of Vizsla Copper Corp. (VCU:TSXV;  VCUFF:OTCQB) on April 8, 2026. Parry said, ". . . during the last major commodities supercycle, copper prices surged roughly sixfold, rising from about US$0.70 per pound to US$4.60. He argues that a similar—or even more pronounced—move could unfold this decade, driven by global electrification, the global green energy transition, and infrastructure investment." 

'Staying Signals Conviction,' said Jeff Valks

At least one analyst is optimistic about Amarc's most recent news. "A major partner earning and maintaining a 60% stake is one of the stronger signals an early district story can produce. Boliden now funds the majority share of exploration while Amarc continues as operator. That combination tends to keep projects winning as they move forward. This is a buy on its current dip in price," wrote Jeff Valks of The Gold Advisor in an April 2, 2026, assessment. He continued, "Majors tend to leave if they lose interest. Staying signals conviction."

What's Next for Amarc?

In its investor presentation, Amarc listed its JOY Cu-Au porphyry district as a potential high-grade, world-class project, with significant drilling and development underway.

The company disclosed its partial ownership of the JOY (40%), DUKE (40%) districts, as well as its 100% ownership of the IKE district, noting substantial non-share dilutive funding with Freeport Resources Inc. (FRI:TSX.V;  FEERF:OTCQB;  4XH:FSE) and Boliden. Amarc plans to gain momentum in the coming months by advancing its current programs.

Ownership & Share Structure¹

Amarc Resources Ltd. has a market cap of CA$207.35 million, with 225.38 million shares outstanding. The company's 52-week range is CA$0.42-CA$1.52.

Institutions own 6.53% of shares, and Management & Insiders own 19.62%.

Strategic Investors hold 17.94%, while the remaining 55.91% of shares are held by Retail.