VR Introduction

January, 2024


VR is an established Canadian junior mineral exploration company, registered in British Columbia and listed on the Venture Exchange (TSX.V) under the symbol VRR.V, with secondary listings in Frankfurt (5VR) and on the OTCQB in the United States (VRRCF).

Business activities include the evaluation, acquisition and exploration of mineral exploration properties for the purpose of discovering an economic mineral deposit. VR is advancing greenfield opportunities in copper, gold and critical metals in Nevada, USA, and Ontario, Canada, and most recently, a kimberlite breccia pipe field in northern Ontario. VR has the in-house experience and expertise in greenfields exploration to apply modern mineral deposit models and state-of-the-art exploration technologies to explore large-footprint systems in underexplored areas and mineral districts for new, blue-sky discoveries.

VR is the continuance of 4 years of active mineral exploration as a private company starting in 2014, followed by a successful IPO 2017. The founders are Michael Gunning, CEO, and Darin Wagner, Chairman. The Company is founded on their diverse careers in the global mineral exploration, and their proven track record in the junior mineral exploration sector, having steered three different companies in the past twelve years from discovery through successful M&A transactions for an aggregate valuation in excess of C$1.3B.

The goal of VR is explicit: leverage its experience and expertise in grassroots exploration towards early-stage discovery in order to capture the steepest part of the value creation curve in the exploration and mining process for its shareholders.

The Company maintains its day-to-day work out of an exploration office established in Vancouver, British Columbia. The Company employs a tight administrative cost structure, with a focus on translating publically-raised funds directly into its mineral exploration on the ground.

The Company’s treasury is strong going into 2024, at approximately $1.5 M, sufficient for corporate and administrative obligations through 2025. The Company limits its annual financing goals to rigorous annual exploration budgets in order to maintain a tight share structure. That structure includes a 10-12% insider position, maintained by participation in financings on an ongoing basis. Further, there is a collective holding of approximately 45% of the Company’s shares held by the CEO, seven mining-long resource investment funds and one strategic holding in an energy company.

Exploration Model

The Company is focused on opportunities in mineral deposit districts which have been underexplored during the past 50 years of the modern exploration era. The Company applies modern mineral deposit models and new exploration technologies to properties with large hydrothermal and alteration footprints for critical metals, copper and gold, and most recently has discovered a new kimberlite breccia pipe complex and potential kimberlite field in northern Ontario.

VR explores properties it owns outright, 100%, in order to leverage their upside potential to shareholders. Mineral exploration properties in Nevada are held in a wholly-owned US subsidiary registered in Nevada. New opportunities are evaluated on an ongoing basis, whether by internal generative work and direct staking, by a joint venture or a direct acquisition of a property from a third party, or by a corporate transaction (e.g. merger).

The Company has completed independent, NI 43-101 compliant Technical Reports on two of its properties: the Bonita copper-gold porphyry property in Nevada, dated March 2, 2017, and; the Danbo epithermal gold-silver project in Nevada, dated January 27, 2020. Both are filed on SEDAR.

Technical Information and Governance

VR strives for technical excellence in its work, and corporate industry leadership. VR’s management has led numerous industry and research organizations in the past, and is recognized with numerous industry achievement and recognition awards.

Technical information contained on this website has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, MSc, P.Geo., VP Exploration at VR and a non-independent Qualified Person oversees all aspects of the Company’s mineral exploration projects. The content of this document, and this website, has been prepared and reviewed on behalf of the Company by the CEO, Dr. Michael Gunning, PhD, P.Geo., a non-independent Qualified Person.

Current Exploration Plans For 2024