The Prospector News

VVC Resources Received US$5 Million

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

VVC Resources Received US$5 Million

 

 

 

 

 

VVC Exploration Corporation, dba VVC Resources, (TSX-V:VVC) (OTCQB:VVCVF) received US$5,000,000 from the sale of a small portion of its ownership in Proton Green, LLC. VVC sold approximately one-seventh of its ownership in Proton Green and remains a significant investor in Proton Green, holding over 12%.

 

The proceeds from the private transaction enhance VVC’s overall financial position. Management intends to accelerate its U.S. helium and natural gas programs, as well as to continue development of its copper property in Mexico.

 

Specifically, in the U.S., VVC will complete the eight Syracuse wells that are adjacent to its completed internal pipeline. VVC will also test two promising helium and natural gas system wells in northwest Kansas.

 

“We are delighted with the outcome,” said Terrence Martell, Chairman of VVC. “The additional capital reinforces our financial stability and provides us with the resources required to continue development of our focus projects in helium.”

 

About VVC Resources

 

VVC engages in the exploration, development, and management of natural resources – specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSX-V and on the OTC Market.

 

Posted August 4, 2023

Share this news article

MORE or "UNCATEGORIZED"


Canada Nickel is Awarded $500,000 from Ontario's Critical Minerals Innovation Fund to Advance NetZero Metals Inc.

Canada Nickel Company Inc. (TSX-V: CNC) (OTCQX: CNIKF) is pleased... READ MORE

January 15, 2025

Sirios obtains up to 40.7 g/t Au over 1.0 m in the last two holes of 2024 and resumes drilling at Cheechoo

Sirios Resources Inc. (TSX-V: SOI) (OTCQB: SIREF) is pleased to a... READ MORE

January 15, 2025

Endeavour Silver Provides 2025 Guidance for Guanaceví and Bolañitos; Production expected at 4.5 – 5.2 Million oz Silver and 30,500 – 34,000 oz Gold for 7.0 – 7.9 Million oz Silver Equivalent(1)

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces its conso... READ MORE

January 15, 2025

SilverCrest Provides 2024 Fourth Quarter and Annual Operational Results

2024 Record Sales Exceed Guidance and Drive Record Annual Revenue... READ MORE

January 15, 2025

TRX Gold Reports First Quarter 2025 Results

Plant Expansion Results in Significantly Lower Operating Cost Per... READ MORE

January 15, 2025

Copyright 2025 The Prospector News