$AXREF

AMARC RESOURCES LTD

CIK:0001175596|SEC Filings

Statements of Net Loss and Comprehensive Loss - CAD ($)	12 Months Ended
Statements of Net Loss and Comprehensive Loss - CAD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Expenses
Exploration and evaluation	$ 19,179,186	$ 22,575,096	$ 12,432,493
Administration	1,819,170	1,597,495	1,161,870
Legal, accounting and audit	243,969	298,277	109,830
Office and administration	614,473	423,740	417,032
Rent	9,145	35,570	62,908
Shareholder communication	574,633	524,599	366,171
Travel and accommodation	298,372	267,551	135,138
Trust and regulatory	78,578	47,758	70,791
Equity-settled share-based compensation	273,147	350,834	425,460
Cost recoveries	(18,961,755)	(18,921,430)	(13,178,925)
Loss (income) before other items	2,309,748	5,601,995	840,898
Other items
Finance income	(126,676)	(320,574)	(371,222)
Interest expense - director's loans	100,000	99,000	101,274
Accretion expense - office lease	(1,748)	(4,722)	(7,360)
Interest and penalties	(113)	(69,706)	0
Other fee income	(1,413,040)	(977,547)	(696,248)
Amortization of right-of-use asset	(20,177)	(20,175)	(20,175)
Transaction cost - director's loans	34,678	181,357	136,942
Flow through premium recovery	0	(769,231)	0
Foreign exchange loss	(3,239)	(3,285)	(4,271)
Net loss	929,987	3,912,888	43,450
Other comprehensive loss
Change in value of marketable securities	16,572	19,501	97,698
Total other comprehensive loss	$ 946,559	$ 3,932,389	$ 141,148
Basic and diluted loss per share	$ 0.00	$ 0.02	$ 0.00
Weighted average number of common shares outstanding	224,931,565	216,724,808	194,992,511

Statements of Cash Flows - CAD ($)	12 Months Ended
Statements of Cash Flows - CAD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Operating activities
Net loss for the year	$ (929,987)	$ (3,912,888)	$ (43,450)
Adjustments for:
Amortization of right-of-use asset	20,177	20,175	20,175
Equity-settled share-based compensation	273,147	350,834	425,460
Flow through premium recovery	0	769,231	0
Office lease accretion per IFRS 16	1,748	4,722	7,360
Office base rent recorded as lease reduction per IFRS 16	(28,165)	(28,164)	(28,056)
Property acquisition and assessments costs	690,000	7,500	7,500
Interest expense - director's loans	100,000	99,000	101,274
Transaction cost - director's loan	34,678	181,357	136,942
Changes in working capital items
Amounts receivable and other assets	(344)	106,149	2,227
Restricted cash	(282)	(20,000)	(5,006)
Accounts payable and accrued liabilities	113,429	(347,886)	(52,056)
Advanced contributions received	(105,947)	(4,497,191)	1,008,372
Balance due to related parties	33,667	130,905	(383,179)
Net cash provided by (used in) operating activities	202,685	(8,634,718)	1,207,575
Financing activities
Net proceeds from issuance of common shares pursuant to a private placement	0	0	2,769,231
Repayment of director's loans interest	50,136	99,000	101,274
Proceeds from exercise of share purchase warrants	0	350,000	0
Proceeds from option exercise	50,167	587,973	0
Net cash provided by financing activities	31	838,973	2,667,957
Net increase (decrease) in cash	202,716	(7,795,745)	3,875,532
Cash, beginning balance	1,211,297	9,007,042	5,131,510
Cash, ending balance	$ 1,414,013	$ 1,211,297	$ 9,007,042

Statements of Financial Position - CAD ($)	Mar. 31, 2026	Mar. 31, 2025
Current assets
Cash	$ 1,414,013	$ 1,211,297
Amounts receivable and other assets	110,319	109,975
Marketable securities	5,514	22,086
Current asset	1,529,846	1,343,358
Non-current assets
Investment in Aurora Minerals Ltd.	1	0
Restricted cash	514,546	514,828
Right-of-use asset	1,681	21,858
Total assets	2,046,074	1,880,044
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and accrued liabilities	894,353	780,923
Advanced contributions received	529,583	635,530
Balances due to related parties	311,905	278,238
Director's loan	1,050,846	966,304
Lease liability	2,347	26,417
Current liabilities	2,789,034	2,687,412
Non-current liabilities
Lease liability	0	2,347
Total liabilities	2,789,034	2,689,759
Shareholders' equity (deficiency)
Share capital	69,645,197	68,863,511
Reserves	4,482,430	4,267,374
Accumulated deficit	(74,870,587)	(73,940,600)
Equity	(742,960)	(809,715)
Total liabilities and shareholders' equity	$ 2,046,074	$ 1,880,044