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VR Resources
(VRR)
VR Resources (VRR) vs. iShares MSCI Canada ETF (EWC)
VR Resources Business Overview & Revenue Model
VR Resources Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Jun 2022 | Jun 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -860.00 | -1.11K | -475.00 | -679.00 | -970.00 | -1.39K |
| EBITDA | 309.80K | -5.00M | -7.08M | -2.40M | -2.61M | -681.45K |
| Net Income | -768.00K | -5.01M | -7.09M | -2.40M | -2.61M | -806.93K |
Balance Sheet | ||||||
| Total Assets | 3.64M | 3.65M | 7.65M | 11.19M | 11.25M | 11.40M |
| Cash, Cash Equivalents and Short-Term Investments | 484.73K | 476.11K | 2.13M | 744.19K | 1.97M | 2.93M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 193.43K | 68.97K | 100.22K | 110.96K | 318.31K | 189.17K |
| Stockholders Equity | 3.45M | 3.58M | 7.55M | 11.08M | 10.93M | 11.21M |
Cash Flow | ||||||
| Free Cash Flow | -411.30K | -780.48K | -760.41K | -3.36M | -3.16M | -2.49M |
| Operating Cash Flow | -330.13K | -780.48K | -760.41K | -639.42K | -677.30K | -452.82K |
| Investing Cash Flow | -523.44K | -1.66M | -1.34M | -2.71M | -2.54M | -2.04M |
| Financing Cash Flow | 464.51K | 547.62K | 3.48M | 2.13M | 2.25M | 3.95M |
VR Resources Technical Analysis
VR Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$5.17M | -6.39 | -166.29% | ― | ― | -1500.15% | |
52 Neutral | C$11.26M | -3.43 | -27.93% | ― | ― | 84.01% | |
47 Neutral | C$4.26M | -0.15 | 20.83% | ― | ― | -47.92% | |
46 Neutral | C$4.69M | -1.25 | ― | ― | ― | -495.41% | |
45 Neutral | C$2.03M | -1.65 | -15.45% | ― | ― | 38.06% |
VR Resources Corporate Events
VR Resources has agreed to sell its 100% interests in the Empire and Silverback copper-nickel-PGM projects in northwestern Ontario to private company Athos Metals, which plans to make the district-scale exploration strategy its core focus. In return, VR will receive $400,000 in cash and a 9.9% equity stake in Athos’s planned public successor, while retaining board representation through a nominated director.
The deal, reached after an exclusivity-based due diligence process and site visit, shifts financial and operational responsibility for the Ontario assets to Athos, which must complete an airborne VTEM+ survey and secure a drill contract for at least 2,000 metres before closing. VR’s management says the cash proceeds will materially bolster its treasury and allow it to dial in on exploration and drill planning in Nevada, while preserving upside exposure to near-term drilling and potential discoveries in Ontario through its equity position in the future listed vehicle.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.33 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources has applied for a new Notice of Intent drill permit with the U.S. Bureau of Land Management for the Jeep Mine target at its New Boston molybdenum-tungsten-copper-silver porphyry project in Nevada. The company expects a swift approval similar to its 2024 permit for the East Zone, where drilling confirmed extensive copper and silver mineralization over more than 1,500 feet of core.
The new permit will allow VR to test steeply plunging conductivity and chargeability anomalies at Jeep Mine, interpreted as a potential vein and sulfide center of the broader 3–4 kilometer-wide porphyry system. With strong local infrastructure and surface exposures of sheeted and stockwork veining, the program is positioned to refine the project’s polymetallic potential and could enhance VR’s exploration footprint and strategic positioning in Nevada’s critical metals space.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources has begun a 3D-array DCIP geophysical survey over the Copper Queen target at its Bonita porphyry copper-gold project in Nevada, working with specialist contractor Dias Geophysical to refine and optimize the survey design. The program builds on earlier mapping, geochemical surveys and reconnaissance drilling that intersected porphyry-style copper-sulfide veining associated with anomalous copper-gold geochemistry.
Management says the survey is intended to generate a precise exploration vector for the next phase of drilling at Copper Queen, potentially providing the most robust drilling guidance on the target to date. The company also highlights the application of modern geophysical technology in a historic mining district and notes that strong local infrastructure, including roads, rail and grid power, supports cost-effective exploration and future operations at Bonita.
Technical disclosures have been prepared in line with Canadian National Instrument 43-101 standards and reviewed by President and CEO Dr. Michael Gunning, a qualified person. The initiative underscores VR Resources’ strategy of using advanced exploration methods to unlock new copper-gold discoveries in well-located but underexplored North American mineral districts.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.40 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources has initiated detailed exploration work at its Bonita porphyry copper-gold project in Nevada, engaging DIAS Geophysical to conduct a ground-based 3D IP and resistivity survey over the Copper Queen target using DIAS32 technology. The survey, designed on the back of VR’s previous collaborations with DIAS and informed by earlier drilling that intersected porphyry-style copper-sulfide veining with anomalous copper-gold geochemistry, aims to refine drill targets and accelerate follow-up drilling at Bonita, underscoring the company’s push to deploy recently raised capital into advancing its key polymetallic porphyry assets. In parallel, VR has granted 1,950,000 stock options at $0.25 to directors, officers, employees and consultants, aligning internal stakeholders with the company’s exploration-driven growth strategy.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.25 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources has closed an upsized, oversubscribed brokered private placement led by Centurion One Capital, raising C$3.15 million through the sale of 19,687,500 units at C$0.16 per unit, each comprising one common share and a warrant exercisable at C$0.20 for 36 months, following a 10-for-1 share consolidation. Net proceeds will fund near-term exploration planning and permitting at the company’s key Nevada projects—New Boston, Bonita and Amsel—as well as marketing and working capital, while the transaction structure, including broker commissions, fee units and broker warrants, strengthens VR’s treasury and institutional backing. The financing, alongside a new investor relations and market support agreement with ARES Capital Markets Group, is expected to enhance the company’s ability to advance drilling and geophysical work on high-priority copper, gold, tungsten and silver targets and to broaden its visibility among investors and the financial community.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources Ltd. will implement a ten-for-one consolidation of its common shares on January 19, 2026, reducing its issued and outstanding shares from 133,443,467 to approximately 13,344,346, subject to TSX Venture Exchange approval. The share consolidation is a prerequisite for the company’s previously announced brokered private placement of up to 17,187,500 units for gross proceeds of $2.75 million, a move that is expected to simplify the capital structure and support ongoing financing efforts without changing the company’s name or trading symbol.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources Ltd. has further upsized its brokered private placement, led by Centurion One Capital Corp., to raise gross proceeds of up to $2.75 million through the issuance of up to 17,187,500 units priced at $0.16, each comprising one common share and one warrant exercisable at $0.20 for 36 months. The financing is tied to a 10-for-1 share consolidation effective January 15, 2026, which will significantly reduce the number of shares outstanding and may improve the company’s marketability to investors, while the structure of broker commissions and warrants, along with a four‑month hold period and multi-jurisdictional private placement framework, underscores a capital-raising strategy aimed at strengthening VR Resources’ balance sheet and supporting its exploration activities within the constraints of Canadian and U.S. securities regulations.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources Ltd. has upsized its previously announced brokered private placement to raise gross proceeds of up to $1.5 million through the issuance of up to 9,375,000 units at $0.16 per unit, each comprising one common share and a share purchase warrant exercisable at $0.20 for 36 months. Led by Centurion One Capital Corp., which also has an option to sell an additional $500,000 in units and will receive an 8% cash commission and broker warrants, the financing is contingent on a 10-for-1 share consolidation expected around January 15, 2026, and on TSX Venture Exchange approval, positioning the company to strengthen its capital structure and fund ongoing exploration while signaling strong investor interest in its projects.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources has amended the terms of its brokered private placement, now aiming to raise up to $500,000 through the sale of units at $0.16, each comprising one common share and a three‑year warrant exercisable at $0.20, with Centurion One Capital acting as lead agent and sole bookrunner. The financing is tied to a 10‑for‑1 share consolidation that will reduce the company’s outstanding shares from about 133.4 million to roughly 13.3 million, subject to TSX Venture Exchange approval, in a move that is expected to tighten the capital structure and support ongoing planning for exploration at its New Boston and Bonita porphyry projects in Nevada in 2026, potentially improving VR Resources’ financial flexibility and market positioning as it advances its U.S. copper‑gold assets.
The most recent analyst rating on (TSE:VRR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on VR Resources stock, see the TSE:VRR Stock Forecast page.
VR Resources has extended the outside date for closing its previously announced brokered private placement of up to $1.5 million in units to January 18, 2026, with Centurion One Capital acting as lead agent and sole bookrunner. The financing, which includes cash commissions and broker warrants for the agent and is subject to TSX Venture Exchange approval and a planned 5-for-1 share consolidation, is intended to support VR’s continued planning for a 2026 exploration program at its New Boston and Bonita porphyry projects in Nevada, underscoring the company’s commitment to advancing its U.S. copper-gold assets despite challenging capital markets.