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Last C$0.04 CAD
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As of 9:30 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

canarc resource corp (CCM) Snapshot

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52 Week High
07/16/14 - C$0.11
52 Week Low
12/3/14 - C$0.03
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canarc resource corp (CCM) Details

Canarc Resource Corp. evaluates, acquires, explores for, and develops precious metal properties in North America. It primarily owns a 100% interest in the New Polaris gold mine project located in the Atlin Mining Division, British Columbia, Canada. The company was founded in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

canarc resource corp (CCM) Top Compensated Officers

Chief Executive Officer and Member of Disclos...
Total Annual Compensation: C$154.9K
President, Chief Operating Officer and Member...
Total Annual Compensation: C$207.9K
Founder and Executive Chairman
Total Annual Compensation: --
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$106.3K
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

canarc resource corp (CCM) Key Developments

Canarc Resource Corp. Reports Unaudited Consolidated Financial Results for the First Quarter Ended Mar. 31, 2015

Canarc Resource Corp. reported unaudited consolidated financial results for the first quarter ended Mar. 31, 2015. For the quarter, the company reported loss before non-operating items of $201,000 against $466,000 for the same period of last year. Net loss for the period was $208,000 against $471,000 for the same period of last year. Cash used by operating activities was $144,000 against $364,000 for the same period of last year.

Canarc Resource Announces Board Changes

Canarc Resource Corp. announced that Mr. Deepak Malhotra has accepted an invitation to stand for election as a board of directors member for Canarc's upcoming Annual General Meeting, scheduled for June 11, 2015. Mr. Malhotra has a PhD in Mineral Economics and is a Metallurgical Engineer and Mineral Economist with over 40 years experience. He brings to Canarc a wealth of knowledge and expertise in metallurgical research, process development for new properties, plant troubleshooting, plant audits, detailed engineering, and overall business management, developed while working for over 50 gold projects throughout the world. During his career, Mr. Malhotra also worked with various financial institutions like International Finance Corporation (IFC) and other investment funds. The company also announced that Mr. Bruce Bried has decided to not stand for re-election as Director at Canarc's upcoming AGM.

Canarc Resource Corp. Produces Fresh High-Grade Gold Concentrate from New Polaris Gold Drill Cores for Metallurgical Testing of the Albion Process

Canarc Resource Corp. has produced fresh high-grade gold concentrate from New Polaris Gold drill cores for metallurgical testing of the Albion Process, a technology for recovering gold from refractory sulfide ores owned by Glencore Plc and used commercially under license by PanTerra Gold Limited. Update On Phase I Activities: 50 kilograms of concentrate grading 101 grams per tonne (g/t) gold were produced and shipped to Glencore's laboratory in Brisbane, Australia for Albion Process test-work Metallurgical testing of the Albion Process on the concentrate will begin later this month. An updated technical and economic review of the proposed New Polaris mine development is being conducted by an independent engineering company for completion this quarter. The collection of environmental baseline data required for mine permitting is now underway. Over 500 kilograms of prior drill core samples representative of the New Polaris Gold deposit were composited into a bulk sample to produce the New Polaris flotation concentrate. The average grade of the bulk sample was 14.3 g/t Au. Recent bench scale flotation test results confirmed prior flotation results with a gold recovery rate into concentrate of approximately 90% from New Polaris concentrate.


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