VR Resources Announces $500,000 Brokered Private Placement Led by Centurion One Capital
Advancing Nevada porphyry exploration
VR Resources Ltd. announced a brokered private placement led by Centurion One Capital Corp. to raise up to $500,000 through the sale of 2 million Units at $0.25 per Unit. Each Unit consists of one common share and one share‑purchase warrant exercisable at $0.30 for 36 months. Proceeds are earmarked for a planned diamond drill program at the New Boston tungsten‑molybdenum‑copper‑silver porphyry project in Nevada, plus marketing and general corporate expenses. The Lead Agent may increase the offering by an additional 2 million Units on the same terms, exercisable up to two business days before closing. Closing is expected around April 30 2026, subject to TSX Venture Exchange approval, with a four‑month‑plus‑one‑day hold period on all securities.
The $500k raise represents roughly 14 % of the company’s current market capitalization (~$3.6 M). While it provides fresh capital for drilling at New Boston—a key asset—the size is modest compared with prior financings (e.g., the oversubscribed $3.15 M placement in January 2026) and follows a pattern of routine brokered placements used to fund ongoing exploration. The news does not introduce new projects, strategic partners, or game‑changing data; it is an incremental financing step that was anticipated given the company’s continual need for exploration funds. Consequently, the impact is routine‑positive: beneficial but not materially unexpected.
VR Resources Ltd. is a junior mineral exploration company focused on advancing polymetallic porphyry projects in Nevada (New Boston, Bonita, Amsel) and holding interests in Ontario copper‑nickel‑PGM assets (Empire, Silverback). The flagship project is the New Boston tungsten‑molybdenum‑copper‑silver porphyry‑skarn system in Nevada, where historic drilling (2024 Hole 002) intersected >1,500 ft of continuous copper‑silver stockwork veining. Recent work includes completing reclamation bonding, receiving a NOI drill permit, and planning a ~1,500 m spring drill program to test IP/chargeability anomalies at the Jeep Mine area.