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VVC Resources Received US$5 Million

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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

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