Commodities
VTEM Airborne Survey and NI43-101 Technical Report Complete for VR Resources Empire Copper-Nickel-PGM Project in Ontario
VANCOUVER, July 16, 2026 (GLOBE NEWSWIRE) -- VR Resources Limited (“VR” or the “Company”, TSXV: VRR; FSE: 5VR; OTCQB: VRRCF) is pleased to announce three important milestones for its previously announced farm-out transaction of its Empire and Silverback Cu-Ni-PGM-Au projects in Ontario to Athos Metals Corporation (“Athos”), a private company. VTEM+ airborne EM and magnetic survey is complete over Empire, Rambler and Mack properties;Athos receives TSXV approval for National Instrument 43-101 Tech
About this update from Vr Resources Ltd.
VANCOUVER, July 16, 2026 (GLOBE NEWSWIRE) -- VR Resources Limited (" VR " or the " Company ", TSXV: VRR; FSE: 5VR; OTCQB: VRRCF) is pleased to announce three important milestones for its previously announced farm-out transaction of its Empire and Silverback Cu-Ni-PGM-Au projects in Ontario to Athos Metals Corporation (" Athos "), a private company. As described in the New Release dated February 26 th , 2026 , the first major exploration milestone for the proposed transaction is an airborne VTEM+ EM and magnetic survey covering the Empire project, a district-scale Cu-Ni-PGM-Au exploration strategy in northwestern Ontario. That survey is now complete, and final processed data and inversions from the survey are expected by the end of this month. Follow-up drilling using the results from the VTEM+ airborne survey is the second, and final exploration milestone for the proposed transaction, and is anticipated for later this summer or fall, once final data from the airborne survey are received and integrated with existing project data in order to prioritize targets. In connection with the proposed Transaction for the Empire and Silverback Projects as described in the news release dated February 26, 2026, Athos is moving forward to complete a go-public transaction . As required for the transaction, Athos has completed a National Instrument 43-101 Technical Report for the Empire District Project (the "Technical Report"). The TSXV confirmed in a letter dated May 26, 2026 , that the Technical Report compliance review established the Empire District Project as a property of merit suitable to support Athos' proposed public listing. On June 3, 2026 , Athos also announced a definitive merger agreement with Meed Growth Corp. (TSXV: MEED.P), a Capital Pool Company listed on the TSXV that is expected to result in Athos becoming a publicly listed company in the coming months. Pursuant to the terms of the Agreement for the transaction, and following the Go Public Transaction, VR will hold 9.9% of the Resulting Issuer's issued and outstanding shares, among other considerations paid in respect of the Transaction. VR received conditional acceptance of the proposed transaction from the TSXV in a letter dated April 23, 2026 .