Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 50

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 6
Chunk 50
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 year of March 31, 2025 is as set out below:

  Name                      Fees earned      Share-based awards      Option-based awards      Non-equity incentive plan compensation      Pension value      All other compensation      Total   
                                                                                                                                                                                                 
                            ($)              ($)                     ($) (2)                  ($)                                         ($)                ($)                         ($)     
  T. Barry Coughlan         Nil              Nil                     Nil                      Nil                                         Nil                Nil                         Nil     
  Scott Cousens             Nil              Nil                     Nil                      Nil                                         Nil                Nil                         Nil     
  Robert Dickinson (1)      60,000           Nil                     Nil                      Nil                                         Nil                Nil                         60,000  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Notes:

  (1)      Pursuant to the Corporate Services Agreement with HDSI, compensation for Mr. Dickinson is allocated to the Company on the basis of estimated time spent in respect of the Company’s business.         
  (2)      The fair value of the share purchase options granted is measured using the Black-Scholes option pricing model taking into account the terms and conditions upon which the share purchase options ...  

  Table of Contents  

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C. BOARD PRACTICES

All of the Company’s directors were elected at the annual general meeting of shareholders held on April 2, 2025. All directors have a term of office expiring at the next annual general meeting of the Company’s shareholders. All officers have a term of office lasting until their removal or replacement by the board of directors (the “ Board”).

There were no arrangements, standard or otherwise, pursuant to which directors were compensated by Amarc or its subsidiaries for their services in their capacity as directors, or for committee participation, involvement in special assignments or for services as consultants or experts during the most recently completed financial year.

General

The Board believes that good corporate governance improves corporate performance and benefits all shareholders. The Canadian Securities Administrators (the “ CSA”) have adopted National Policy 58-201 Corporate Governance Guidelines, which provides non-prescriptive guidelines on corporate governance practices for reporting issuers such as the Company. In addition, the CSA have implemented National Instrument NI 58-101 Disclosure of Corporate Governance Practices, which prescribes certain disclosure by the Company of its corporate governance practices. This section sets out the Company’s approach to corporate governance and addresses the Company’s compliance with NI 58-101.

1. Board of Directors

Directors are considered to