Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 69

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 69
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 or disposition of our common shares. This summary is not binding on the IRS, and the IRS is not precluded from taking a position that is different from, or contrary to, any position taken in this summary. In addition, because the authorities upon whom this summary is based are subject to various interpretations, the IRS and the U. S. courts could disagree with one or more of the positions taken in this summary.

Scope of this Summary

Authorities

This summary is based on the Internal Revenue Code of 1986, as amended (the “ Code”), Treasury Regulations (whether final, temporary, or proposed), published rulings of the IRS, published administrative positions of the IRS, the Convention Between Canada and the United States of America with Respect to Taxes on Income and on Capital, signed September 26, 1980, as amended (the “ Canada-U. S. Tax Convention”), and U. S. court decisions that are applicable and, in each case, as in effect and available, as of the date hereof. Any of the authorities on which this summary is based could be changed in a material and adverse manner at any time, and any such change could be applied on a retroactive or prospective basis, which could affect the U. S. federal income tax considerations described in this summary. This summary does not discuss the potential effects, whether adverse or beneficial, of any proposed legislation that, if enacted, could be applied on a retroactive or prospective basis.

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U. S. Holders

For purposes of this summary, the term “ U. S. Holder” means a beneficial owner of common shares that is for U. S. federal income tax purposes:

  an individual who is a citizen or resident of the U. S.;                                                                                                                                              
  a corporation (or other entity taxable as a corporation for U. S. federal income tax purposes) organized under the laws of the U. S., any state thereof or the District of Columbia;                  
  an estate whose income is subject to U. S. federal income taxation regardless of its source; or                                                                                                       
  a trust that (1) is subject to the primary supervision of a court within the U. S. and the control of one or more U. S. persons for all substantial decisions or (2) has a valid election in effe...  

Non-U. S. Holders

For purposes of this summary, a “non-U. S. Holder” is a beneficial owner of common shares that is not a