Brief: Amarc and Hudbay Partner to advance Joy Copper-Gold Porphyry project

Amarc Resources

22/08/2017 12:45

Aug 22 (Reuters) - Amarc Resources Ltd  AHR.V  
    * Amarc and Hudbay Partner to advance the Joy Copper-Gold 
Porphyry project 
    * Amarc Resources Ltd - under terms of joy agreement, 
hudbay may acquire through a staged investment process, up to a 
60% ownership interest in project 
    * Amarc Resources - Hudbay can earn initial 49% interest in 
Joy project under stage 1 farm-in right by funding $15 million 
of expenditures before Dec 31, 2020 
 
Source text for Eikon:  ID:nCNWfZMp0a  
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