Amarc, Freeport Plan 2025 Drill Program In JOY District

Freeport-McMoRan Inc. (NYSE:FCX) is among the 11 Best Copper Stocks to Buy Now. The firm and Amarc Resources are preparing a substantial CAD 10 million drill initiative for 2025 in British Columbia’s JOY District, particularly concentrating on the high-grade Cu-Au-Ag AuRORA Deposit and other key targets such as the PINE Deposit, Twins, and Canyon Discoveries.

Freeport-McMoRan Inc. (FCX): Jim Cramer Still Likes It — “Buy Some Here, But Maybe Hedge with Gold”

A large open-pit copper mine with heavy machinery extracting minerals from the earth.

Freeport-McMoRan Inc. (NYSE:FCX) has already contributed CAD 35 million, obtaining a 60% stake. The firm may choose to contribute an extra CAD 75 million in Q3 2025 under Stage 2 of the deal. Amarc will continue to oversee all exploration operations.

The AuRORA Deposit is still open and has high-grade, near-surface mineralization across 600 x 500 m within the 4 km² NWG Target of the 495 km² JOY District. The grades from AuRORA outperform those from the previous production at Kemess South, located at Northgate. Amarc’s team had previously identified Kemess South and worked on all nine porphyry deposits in the Toodoggone-Kemess region, exhibiting extensive geographical knowledge.

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