VR Resources Announces Closing of Oversubscribed $3.15M Brokered Private Placement Led by Centurion One Capital

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VANCOUVER, British Columbia, Jan. 21, 2026 (GLOBE NEWSWIRE) -- VR Resources Limited (“VR” or the “Company”, TSXV: VRR) is pleased to announce the successful closing of its previously announced upsized private placement (the “Offering”) of units of the Company (the “Units”). A total of 19,687,500 Units, including pursuant to an exercise of the over-allotment option, were sold under the Offering at a price of $0.16 per Unit (the “Issue Price”) for aggregate gross proceeds of $3,150,000.

The Offering was led by Centurion One Capital Corp. as lead agent and sole bookrunner (the “Lead Agent”). Gowling WLG (Canada) LLP acted as counsel to the Company, and Cozen O’Connor LLP acted as counsel to the Lead Agent in connection with the Offering.

Dr. Michael Gunning, Chief Executive Officer of the Company commented: “We are delighted to successfully close this oversubscribed financing, thankful for the hard work by Centurion as Lead, and appreciative of their role as an anchor investor and core shareholder going forward. This capital enables VR to advance exploration planning at the New Boston tungsten-moly-copper-silver porphyry project, Bonita copper-gold porphyry project and Amsel epithermal gold-silver project all in Nevada with a focus on unlocking value for shareholders.”

Each Unit consists of one common share of the Company (each a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of $0.20 (the “Exercise Price”) for a period of 36 months from the date of closing of the Offering (the “Closing Date”).

In connection with the Offering, on January 19, 2026, the Company completed a consolidation of its issued and outstanding Common Shares on the basis of ten (10) pre-consolidation common shares for one (1) post-consolidation common share (the “Consolidation”). As such, the Issue Price, Exercise Price and securities issuable pursuant the Offering reflect the implementation of the Consolidation.

The net proceeds of the Offering will be used for exploration planning at the Company’s New Boston tungsten-moly-copper-silver porphyry project, Bonita copper-gold porphyry project and Amsel epithermal gold-silver project all in Nevada, marketing, and general working capital purposes. Near-term exploration plans in Nevada include: