VR Resources to retain 9.9% stake in Athos after Empire, Silverback project farm-out go-public deal

Reuters2026/07/16 11:02

By:Reuters

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VR Resources outlined progress on its farm-out of the Empire and Silverback copper-nickel-PGM-gold projects in Ontario to private Athos Metals.
VR expects to hold 9.9% of the resulting issuer once Athos completes a go-public transaction tied to the asset deal.
The VTEM+ airborne EM and magnetic survey over the Empire district is complete; final processed data are due by end-July 2026.
Follow-up drilling is planned for late summer or early fall 2026, pending integration of the airborne results with existing data.
TSXV issued conditional acceptance for the transaction on April 23, 2026; Athos’ NI 43-101 report was cleared on May 26, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VR Resources Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607160700PRIMZONEFULLFEED9761109) on July 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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VR Resources to retain 9.9% stake in Athos after Empire, Silverback project farm-out go-public deal

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