{"success":true,"data":{"pressRelease":{"id":"146132","rtpr_id":"nGNX8Gv5tf-20260917","ticker":"VRR","exchange":"","all_tickers":["VRR"],"title":"VR Resources Closes $7.5M Private Placement","author":"Globe Newswire","published_at":"2026-09-17T11:00:00.895Z","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- VR Resources\nLimited (“VR” or the “Company”, TSXV: VRR) is pleased to announce the\nsuccessful closing of a non-brokered, strategic-level private placement (the\n“Offering”) of units of the Company (the “Units”). A total of\n18,750,000 Units were sold under the Offering at a price of $0.40 per Unit\n(the “Issue Price”) for aggregate gross proceeds of $7,500,000.\n\nDr. Michael Gunning, Chief Executive Officer of the Company commented: “We\nare pleased to have successfully closed this financing and are appreciative of\nthe continued support of our shareholders. We are excited to have this capital\nin order to immediately start the planning process for a drill program at our\nNew Boston tungsten-moly-copper-silver polymetallic porphyry project in Nevada\nthis fall, with a focus on following up on the recently announced intersection\nin drill hole NB26-003, and the goal of unlocking further value for\nshareholders in the near-term.”\n\n\n\nEach Unit consists of one common share of the Company (each a “Common\nShare”) and one-half of one Common Share purchase warrant (each whole\nwarrant, a “Warrant”). Each Warrant entitles the holder thereof to\npurchase one Common Share (a “Warrant Share”) at a price of $0.65 (the\n“Exercise Price”) for a period of 24 months from the date of closing of\nthe Offering (the “Closing Date”).\n\nProceeds of the Offering are intended to be used for follow-up exploration\ndiamond drilling planned for this fall on its New Boston\nmoly-copper-tungsten-silver porphyry project in Nevada, marketing, and general\ncorporate and administrative expenses. In connection with the private\nplacement and pursuant to the terms of an Agency Agreement dated April 24,\n2026, the Company paid an aggregate cash fee of $506,000 to Centurion One\nCapital Corp. in connection which certain subscriptions.\n\n\n\nThe Common Shares and Warrants issued pursuant to the Offering and any Common\nShares issued upon the exercise of Warrants are subject to a hold period of\nfour months plus one day from the Closing Date.\n\n\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any of the securities in the United States. The securities have\nnot been and will not be registered under the U.S. Securities Act or any state\nsecurities laws and may not be offered or sold within the United States or to\nU.S. persons unless registered under the U.S. Securities Act and applicable\nstate securities laws or an exemption from such registration is available.\n\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n\nDr. Michael H. Gunning\nPresident & CEO\n\n\n\nFor general information please use the following:\n\n\n\nWebsite www.vrr.ca\nEmail: info@vrr.ca\nPhone: 778-731-9292\n\n\n\nABOUT VR RESOURCES LTD.\n\n\n\nVR is an established junior exploration company based in Vancouver. VR\nevaluates, explores and advances opportunities in copper, gold and critical\nmetals in Nevada, USA, and Ontario, Canada. VR applies modern exploration\ntechnologies, in-house experience, and expertise in greenfields exploration to\nlarge-footprint systems in underexplored areas/districts. The foundation of VR\nis the proven track record of its Board in early-stage exploration, discovery\nand M&A. VR owns its projects outright and evaluates new opportunities on an\nongoing basis, whether by staking or acquisition.\n\n\n\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:\n\n\n\nThis news release contains statements that constitute \"forward-looking\nstatements\". Such forward looking statements involve known and unknown risks,\nuncertainties and other factors that may cause the Company’s actual results,\nperformance or achievements, or developments in the industry to differ\nmaterially from the anticipated results, performance or achievements expressed\nor implied by such forward-looking statements. Forward-looking statements are\nstatements that are not historical facts and are generally, but not always,\nidentified by the words \"expects,\" \"plans,\" \"anticipates,\" \"believes,\"\n\"intends,\" \"estimates,\" \"projects,\" \"potential\" and similar expressions, or\nthat events or conditions \"will,\" \"would,\" \"may,\" \"could\" or \"should\" occur.\nForward-looking statements in this document include statements concerning the\nuse of proceeds from the Offering, including statements regarding proposed\ndrilling and other plans at the Company’s New Boston project, and all other\nstatements that are not statements of historical fact.\n\n\n\nAlthough the Company believes the forward-looking information contained in\nthis news release is reasonable based on information available on the date\nhereof, by their nature, forward-looking statements involve assumptions, known\nand unknown risks, uncertainties and other factors which may cause our actual\nresults, performance or achievements, or other future events, to be materially\ndifferent from any future results, performance or achievements expressed or\nimplied by such forward- looking statements. Examples of such assumptions,\nrisks and uncertainties include, without limitation, assumptions, risks and\nuncertainties associated with: general economic conditions; adverse industry\nevents; future legislative and regulatory developments in the mining sector;\nthe Company’s ability to access sufficient capital from internal and\nexternal sources, and/or inability to access sufficient capital on favorable\nterms; mining industry and markets in Canada; the ability of the Company to\nimplement its business strategies; competition; and other assumptions, risks\nand uncertainties.\n\n\n\nThe forward-looking information contained in this news release represents the\nexpectations of the Company as of the date of this news release and,\naccordingly, is subject to change after such date. Readers should not place\nundue importance on forward-looking information and should not rely upon this\ninformation as of any other date. While the company may elect to, it does not\nundertake to update this information at any particular time except as required\nin accordance with applicable laws.\n\n\n\nTrading in the securities of the Company should be considered highly\nspeculative. All of the Company’s public disclosure filings may be accessed\nvia www.sedarplus.ca and readers are urged to review them.\n\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in Policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f4f42cc4-f33e-4511-a1ed-0926c37901c6)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8Gv5tf-20260917","title":"VR Resources Closes $7.5M Private Placement","author":"Globe Newswire","ticker":"VRR","created":"2026-09-17T11:00:00.895Z","tickers":["VRR"],"exchange":"","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- VR Resources\nLimited (“VR” or the “Company”, TSXV: VRR) is pleased to announce the\nsuccessful closing of a non-brokered, strategic-level private placement (the\n“Offering”) of units of the Company (the “Units”). A total of\n18,750,000 Units were sold under the Offering at a price of $0.40 per Unit\n(the “Issue Price”) for aggregate gross proceeds of $7,500,000.\n\nDr. Michael Gunning, Chief Executive Officer of the Company commented: “We\nare pleased to have successfully closed this financing and are appreciative of\nthe continued support of our shareholders. We are excited to have this capital\nin order to immediately start the planning process for a drill program at our\nNew Boston tungsten-moly-copper-silver polymetallic porphyry project in Nevada\nthis fall, with a focus on following up on the recently announced intersection\nin drill hole NB26-003, and the goal of unlocking further value for\nshareholders in the near-term.”\n\n\n\nEach Unit consists of one common share of the Company (each a “Common\nShare”) and one-half of one Common Share purchase warrant (each whole\nwarrant, a “Warrant”). Each Warrant entitles the holder thereof to\npurchase one Common Share (a “Warrant Share”) at a price of $0.65 (the\n“Exercise Price”) for a period of 24 months from the date of closing of\nthe Offering (the “Closing Date”).\n\nProceeds of the Offering are intended to be used for follow-up exploration\ndiamond drilling planned for this fall on its New Boston\nmoly-copper-tungsten-silver porphyry project in Nevada, marketing, and general\ncorporate and administrative expenses. In connection with the private\nplacement and pursuant to the terms of an Agency Agreement dated April 24,\n2026, the Company paid an aggregate cash fee of $506,000 to Centurion One\nCapital Corp. in connection which certain subscriptions.\n\n\n\nThe Common Shares and Warrants issued pursuant to the Offering and any Common\nShares issued upon the exercise of Warrants are subject to a hold period of\nfour months plus one day from the Closing Date.\n\n\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any of the securities in the United States. The securities have\nnot been and will not be registered under the U.S. Securities Act or any state\nsecurities laws and may not be offered or sold within the United States or to\nU.S. persons unless registered under the U.S. Securities Act and applicable\nstate securities laws or an exemption from such registration is available.\n\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n\nDr. Michael H. Gunning\nPresident & CEO\n\n\n\nFor general information please use the following:\n\n\n\nWebsite www.vrr.ca\nEmail: info@vrr.ca\nPhone: 778-731-9292\n\n\n\nABOUT VR RESOURCES LTD.\n\n\n\nVR is an established junior exploration company based in Vancouver. VR\nevaluates, explores and advances opportunities in copper, gold and critical\nmetals in Nevada, USA, and Ontario, Canada. VR applies modern exploration\ntechnologies, in-house experience, and expertise in greenfields exploration to\nlarge-footprint systems in underexplored areas/districts. The foundation of VR\nis the proven track record of its Board in early-stage exploration, discovery\nand M&A. VR owns its projects outright and evaluates new opportunities on an\nongoing basis, whether by staking or acquisition.\n\n\n\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:\n\n\n\nThis news release contains statements that constitute \"forward-looking\nstatements\". Such forward looking statements involve known and unknown risks,\nuncertainties and other factors that may cause the Company’s actual results,\nperformance or achievements, or developments in the industry to differ\nmaterially from the anticipated results, performance or achievements expressed\nor implied by such forward-looking statements. Forward-looking statements are\nstatements that are not historical facts and are generally, but not always,\nidentified by the words \"expects,\" \"plans,\" \"anticipates,\" \"believes,\"\n\"intends,\" \"estimates,\" \"projects,\" \"potential\" and similar expressions, or\nthat events or conditions \"will,\" \"would,\" \"may,\" \"could\" or \"should\" occur.\nForward-looking statements in this document include statements concerning the\nuse of proceeds from the Offering, including statements regarding proposed\ndrilling and other plans at the Company’s New Boston project, and all other\nstatements that are not statements of historical fact.\n\n\n\nAlthough the Company believes the forward-looking information contained in\nthis news release is reasonable based on information available on the date\nhereof, by their nature, forward-looking statements involve assumptions, known\nand unknown risks, uncertainties and other factors which may cause our actual\nresults, performance or achievements, or other future events, to be materially\ndifferent from any future results, performance or achievements expressed or\nimplied by such forward- looking statements. Examples of such assumptions,\nrisks and uncertainties include, without limitation, assumptions, risks and\nuncertainties associated with: general economic conditions; adverse industry\nevents; future legislative and regulatory developments in the mining sector;\nthe Company’s ability to access sufficient capital from internal and\nexternal sources, and/or inability to access sufficient capital on favorable\nterms; mining industry and markets in Canada; the ability of the Company to\nimplement its business strategies; competition; and other assumptions, risks\nand uncertainties.\n\n\n\nThe forward-looking information contained in this news release represents the\nexpectations of the Company as of the date of this news release and,\naccordingly, is subject to change after such date. Readers should not place\nundue importance on forward-looking information and should not rely upon this\ninformation as of any other date. While the company may elect to, it does not\nundertake to update this information at any particular time except as required\nin accordance with applicable laws.\n\n\n\nTrading in the securities of the Company should be considered highly\nspeculative. All of the Company’s public disclosure filings may be accessed\nvia www.sedarplus.ca and readers are urged to review them.\n\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in Policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f4f42cc4-f33e-4511-a1ed-0926c37901c6)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-17T11:00:00.948220353Z","server_sent_at_ms":1789642800948},"received_at":"2026-09-17T11:00:01.004Z","source_url":null},"analysis":{"id":"134963","press_release_id":"146132","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["warrants add up to 9,375,000 additional shares at $0.65 exercisable for 24 months, extending the dilution overhang","proceeds partly allocated to marketing and general corporate/administrative expenses rather than solely exploration","agent fee of $506,000 equals roughly 6.7% of gross proceeds on certain subscriptions"],"eventType":"offering","narrative":"VR Resources closed a non-brokered private placement of 18,750,000 units at $0.40 per unit, for aggregate gross proceeds of $7.5 million.\n\nEach unit consists of one common share plus one-half of a warrant exercisable at $0.65 for 24 months, and all securities issued are subject to a four-month-plus-one-day hold period.\n\nProceeds fund a follow-up diamond drill program this fall at the New Boston tungsten-moly-copper-silver porphyry project in Nevada, plus marketing and general corporate expenses; the company paid Centurion One Capital a $506,000 fee in connection with certain subscriptions.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Closes $7.5M to fund fall drilling at New Boston, but warrant overhang at $0.65 caps upside conviction."},"keyFigures":{"dealValueUsd":7500000,"offeringPrice":0.4,"sharesOffered":18750000,"customDimensions":{"agent_fee":"$506,000","hold_period":"four months plus one day","gross_proceeds":"$7,500,000","warrant_coverage":"one-half warrant per unit","warrant_term_months":24,"warrant_exercise_price":0.65}},"quotedText":"We are excited to have this capital","namedEntities":{"people":[{"name":"Dr. Michael Gunning","role":"President & CEO"}],"products":["New Boston tungsten-moly-copper-silver polymetallic porphyry project"],"companies":[{"name":"VR Resources Limited","ticker":"VRR","relationship":"filer"},{"name":"Centurion One Capital Corp.","relationship":"placement agent"}],"dollarAmounts":[{"amount":"$7,500,000","context":"aggregate gross proceeds of the private placement"},{"amount":"$0.40","context":"price per Unit (Issue Price)"},{"amount":"$0.65","context":"warrant exercise price per common share"},{"amount":"$506,000","context":"cash fee paid to Centurion One Capital Corp. on certain subscriptions"}]},"materialImpact":{"score":2,"reasoning":"Routine small-cap private placement closing that funds a near-term drill program; meaningful new shares plus a warrant overhang (9,375,000 warrants at $0.65), but no discount to market price is stated and proceeds have a defined exploration use."},"tickerRelevance":{"others":[],"primary":"VRR"},"globalImportance":10,"audienceRelevance":8,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap TSXV junior explorer","eventGravity":"routine private placement closing","sectorWeight":"Materials/exploration, niche audience","dilutionPotential":"18.75M shares plus 9.375M warrants at $0.65"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":2,"narrative":"VR Resources closed a non-brokered private placement of 18,750,000 units at $0.40 per unit, for aggregate gross proceeds of $7.5 million.\n\nEach unit consists of one common share plus one-half of a warrant exercisable at $0.65 for 24 months, and all securities issued are subject to a four-month-plus-one-day hold period.\n\nProceeds fund a follow-up diamond drill program this fall at the New Boston tungsten-moly-copper-silver porphyry project in Nevada, plus marketing and general corporate expenses; the company paid Centurion One Capital a $506,000 fee in connection with certain subscriptions.","key_figures":{"dealValueUsd":7500000,"offeringPrice":0.4,"sharesOffered":18750000,"customDimensions":{"agent_fee":"$506,000","hold_period":"four months plus one day","gross_proceeds":"$7,500,000","warrant_coverage":"one-half warrant per unit","warrant_term_months":24,"warrant_exercise_price":0.65}},"named_entities":{"people":[{"name":"Dr. Michael Gunning","role":"President & CEO"}],"products":["New Boston tungsten-moly-copper-silver polymetallic porphyry project"],"companies":[{"name":"VR Resources Limited","ticker":"VRR","relationship":"filer"},{"name":"Centurion One Capital Corp.","relationship":"placement agent"}],"dollarAmounts":[{"amount":"$7,500,000","context":"aggregate gross proceeds of the private placement"},{"amount":"$0.40","context":"price per Unit (Issue Price)"},{"amount":"$0.65","context":"warrant exercise price per common share"},{"amount":"$506,000","context":"cash fee paid to Centurion One Capital Corp. on certain subscriptions"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T11:01:25.274Z","global_importance":10,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap TSXV junior explorer","eventGravity":"routine private placement closing","sectorWeight":"Materials/exploration, niche audience","dilutionPotential":"18.75M shares plus 9.375M warrants at $0.65"}},"durationMs":39363,"modelName":"glm-5.3-flash"}}