Amarc posts Q1 FY2027 profit, citing tax rebate receipts as main driver

Reuters2026/08/26 17:09

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Amarc posted net income of CAD 1.83 million for the three months ended June 30, 2026, versus a CAD 379,029 net loss.
Performance mainly reflected receipts of tax rebates, outweighing higher corporate spending.
Exploration and evaluation expense fell to CAD 298,870 from CAD 6.57 million, reflecting lower activity versus the prior-year period.
Cost recoveries dropped to CAD 2.7 million from CAD 6.26 million, tied to JOY and DUKE partner-funded programs.
General and administration expense rose to CAD 579,390 from CAD 426,967, led by higher legal and accounting costs, investor communications.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amarc Resources Ltd. published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Amarc posts Q1 FY2027 profit, citing tax rebate receipts as main driver

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