VR Resources CEO Michael Gunning joined Steve Darling from Proactive to share news the company has arranged a non-brokered private placement for up to 4 million dollars. The company is planning to use the cash to further exploration efforts including more drilling at its Hecla-Kilmer critical metals project in Northern Ontario. Gunning also provided an update on that project where the company has discovered another high-grade zone of critical metals at Hecla-Kilmer. The numbers include 25.5 metres at 1.131 per cent total rare earth oxide with 18 per cent as magnet rare earth oxide within 55.2 metres at 0.7 per cent TREO starting less than 30 metres from bedrock surface.
VR Resources arranges 4-million-dollar financing as work continues at Hecla-Kilmer
