VR Resources closes $7.5M private placement

VR Resources Closes $7.5M Private Placement

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VANCOUVER, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- VR Resources Limited (“VR” or the “Company”, TSXV: VRR) is pleased to announce the successful closing of a non-brokered, strategic-level private placement (the “Offering”) of units of the Company (the “Units”). A total of 18,750,000 Units were sold under the Offering at a price of $0.40 per Unit (the “Issue Price”) for aggregate gross proceeds of $7,500,000.

Dr. Michael Gunning, Chief Executive Officer of the Company commented: “We are pleased to have successfully closed this financing and are appreciative of the continued support of our shareholders. We are excited to have this capital in order to immediately start the planning process for a drill program at our New Boston tungsten-moly-copper-silver polymetallic porphyry project in Nevada this fall, with a focus on following up on the recently announced intersection in drill hole NB26-003, and the goal of unlocking further value for shareholders in the near-term.”

Each Unit consists of one common share of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of $0.65 (the “Exercise Price”) for a period of 24 months from the date of closing of the Offering (the “Closing Date”).

Proceeds of the Offering are intended to be used for follow-up exploration diamond drilling planned for this fall on its New Boston moly-copper-tungsten-silver porphyry project in Nevada, marketing, and general corporate and administrative expenses. In connection with the private placement and pursuant to the terms of an Agency Agreement dated April 24, 2026, the Company paid an aggregate cash fee of $506,000 to Centurion One Capital Corp. in connection which certain subscriptions.

The Common Shares and Warrants issued pursuant to the Offering and any Common Shares issued upon the exercise of Warrants are subject to a hold period of four months plus one day from the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.