Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 43

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 5
Chunk 43
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 exploration activities on its portfolio of wholly owned mineral properties. These activities included programs solely funded by Amarc, as we...  
  Administration                                      1,597       1,162      Administration expenses decreased during the 2025 period.                                                                                                                                             
  Interest expense on loans payable to director          99         101      Interest incurred on loans provided by a director.                                                                                                                                                    
  Amortization of finance charges                       181         137      The amount relates to a loan bonus through the issuance of share purchase warrants to a director. Relates to a loan provided by the director in November 2014.                                        
  Equity settled share-based compensation               351         425      The amount relates to stock options issued to directors, officers, and consultants of the Company in the fiscal year.                                                                                 

Year Ended March 31, 2024 (“2024”) Versus Year Ended March 31, 2023 (“2023”)

The Company recorded a net loss of $43,450 during 2024 compared to a net loss of $32,583 during 2023.

  ($ 000’s)                                            2024        2023      Discussion                                                                                                                                                                                            
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Exploration and evaluation, net of recoveries      12,432      14,752      During the 2024 fiscal period, Amarc conducted field exploration activities on its portfolio of wholly owned mineral properties. These activities included programs solely funded by Amarc, as we...  
  Administration                                      1,162         819      Administration expenses increased during the 2024 period.                                                                                                                                             
  Interest expense on loans payable to director         101         127      Interest incurred on loans provided by a director.                                                                                                                                                    
  Amortization of finance charges                       137         102      The amount relates to a loan bonus through the issuance of share purchase warrants to a director. Relates to a loan provided by the director in November 2014.                                        
  Equity settled share-based compensation               425         264      The amount relates to stock options issued to directors and officers of the Company in the fiscal year.                                                                                               

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Year Ended March 31, 2023 (“2023”) Versus Year Ended March 31, 2022 (“2022”)

The Company recorded a net loss of $32,