VR Resources Secures $2.75M in Upsized Financing for Nevada Push

VANCOUVER, BC – January 09, 2026 – Junior exploration company VR Resources Ltd. announced a significant upsizing of its brokered private placement to $2.75 million, a testament to robust investor demand as the mining finance market continues its 2025 resurgence. The move, coupled with a strategic 10-for-1 share consolidation, is set to provide the company with a revitalized capital structure and substantial funding to aggressively advance its key critical and precious metal projects in Nevada.

A Strategic Financial Overhaul

The financing, led by Centurion One Capital Corp., was increased from a previously announced $1.5 million due to what the company described as "significant investor demand." This strong market appetite highlights a broader trend of renewed confidence in the junior exploration sector, which has seen a dramatic rebound in capital inflows over the past year.

Concurrent with the capital raise, VR Resources is proceeding with a 10-for-1 share consolidation, a corporate maneuver designed to tighten its capital structure. The consolidation, expected to occur around January 15, 2026, will reduce the number of issued and outstanding shares from over 133 million to approximately 13.3 million. While such "reverse splits" can sometimes be met with skepticism, in this context, it appears to be a calculated move to enhance the stock's appeal to institutional investors and improve its marketability on the TSX Venture Exchange.

By increasing the per-share price, the company aims to move away from the "penny stock" designation, a category often overlooked by larger investment funds. "A consolidation like this is often about perception and access," noted one anonymous market analyst. "It can clean up a company's share structure and make it a more palatable investment for funds with minimum share price mandates. When paired with a successful, oversubscribed financing, it signals that management is serious about repositioning for growth."

The market has reacted with notable interest. On January 6, following the initial news of the amended placement and consolidation, VR Resources' stock (TSXV: VRR) surged 33.3% on trading volume that was nearly 400% higher than its daily average. This suggests that investors are, for now, focusing on the positive implications of the fresh capital and strategic reset, despite the dilutive effect inherent in private placements.

Fueling the Nevada Exploration Engine

The primary objective of the $2.75 million raise is clear: to fund an ambitious 2026 exploration season focused on the company's projects in Nevada. The proceeds are earmarked for near-term programs designed to advance two high-potential properties toward drill-ready status and discovery.

A significant portion of the funds will be directed to the New Boston project, a large-footprint system prospective for tungsten, molybdenum, copper, and silver. The company plans to prepare and submit drill permits for the Jeep Mine target, an area with compelling surface evidence of a porphyry system. The goal is to execute a 1,500-meter drill program consisting of two to three holes in 2026 to test this target at depth. This represents a critical step in validating the geological model VR has developed for the property.

The second key target is the Bonita project, a district-scale copper-gold porphyry system. Here, the funds will first be used to complete a state-of-the-art 3D-array DCIP geophysical survey over the Copper Queen target. This modern exploration technique will provide a high-resolution view of the subsurface geology, allowing for precise drill targeting. Based on the results, VR anticipates a follow-up drill program of approximately 1,500 meters in the latter half of 2026. Having methodically advanced Bonita since 2017 through mapping and sampling, this capital injection provides the catalyst needed to finally test the system's core.

While the company also holds promising assets in Ontario, including the Hecla-Kilmer critical metals project, the immediate focus for this new treasury is squarely on unlocking the potential of its Nevada portfolio.

Riding a Wave of Investor Confidence

VR Resources' financing success is not happening in a vacuum. It is emblematic of a powerful resurgence in the junior mining sector that began in early 2025 and has continued into 2026. After a challenging 2024 that saw fundraising fall to a five-year low, the market has roared back to life, fueled by record-high gold prices and soaring demand for critical minerals essential for the global energy transition.

Throughout 2025, junior and intermediate mining companies raised billions in equity capital, with Canadian exchanges like the TSX and TSX-V serving as the primary engine for this activity. Investors, buoyed by strong commodity markets, have shown a renewed appetite for risk, channeling capital into exploration companies with compelling projects and experienced management teams.

VR Resources, with its focus on copper, gold, and critical metals like tungsten, is perfectly positioned to capitalize on these macroeconomic tailwinds. The ability to not only secure but significantly upsize its financing demonstrates that its projects are resonating with an investment community actively seeking exposure to these in-demand commodities. The deal's structure, offering units at $0.16 (post-consolidation) with a 36-month warrant at $0.20, provides investors with both immediate equity and long-term upside potential, a common and attractive feature in today's market.

The Path Forward: Terms and Timelines

The offering is expected to close on or around January 16, 2026, subject to customary conditions, including final approval from the TSX Venture Exchange. Each of the up to 17,187,500 units will consist of one post-consolidation common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at an exercise price of $0.20 for a period of three years, offering a long-term incentive for investors.

The securities issued will be subject to a hold period of four months and one day from the closing date. Centurion One Capital, as lead agent, will receive an 8% cash commission and an equivalent number of broker warrants, aligning its interests with the success of the placement.

With a proven board of directors experienced in early-stage discovery and a portfolio of wholly-owned projects in Tier-1 jurisdictions, VR Resources has laid the groundwork for a potentially transformative year. The combination of a strengthened balance sheet and a refined capital structure provides the company with the financial flexibility and market positioning needed to execute its aggressive exploration plans. This strategic reset and capital infusion could prove pivotal as the company works to unlock the value of its assets throughout 2026.