VR Resources Signs MOU with Lac Des Milles Lacs First Nation, Northwestern Ontario
VR Resources has signed a Memorandum of Understanding (MOU) with Lac des Mille Lacs First Nation (LDMLFN) regarding their recently acquired Empire, Silverback and Rambler projects near Upsala, Northern Ontario. The agreement establishes a framework for collaborative work and mutual benefits, focusing on social, ecological, cultural, and economic well-being. The MOU includes provisions for benefit sharing, with commitments to create local business opportunities, employment, and training programs for LDMLFN community members during VR's exploration activities.
Risorse VR ha firmato un Memorandum d'Intesa (MOU) con la Prima Nazione Lac des Mille Lacs (LDMLFN) riguardo ai loro recenti progetti Empire, Silverback e Rambler nei pressi di Upsala, Ontario del Nord. L'accordo stabilisce un quadro per il lavoro collaborativo e vantaggi reciproci, concentrandosi sul benessere sociale, ecologico, culturale ed economico. Il MOU include disposizioni per la condivisione dei benefici, con impegni a creare opportunità commerciali locali, occupazione e programmi di formazione per i membri della comunità LDMLFN durante le attività di esplorazione di VR.
Recursos VR ha firmado un Memorando de Entendimiento (MOU) con la Primera Nación Lac des Mille Lacs (LDMLFN) en relación a sus recientes proyectos Empire, Silverback y Rambler cerca de Upsala, Ontario del Norte. El acuerdo establece un marco para el trabajo colaborativo y beneficios mutuos, centrado en el bienestar social, ecológico, cultural y económico. El MOU incluye disposiciones para compartir beneficios, con compromisos de crear oportunidades de negocio locales, empleo y programas de capacitación para los miembros de la comunidad LDMLFN durante las actividades de exploración de VR.
VR 자원은 밀렌 밀레이 호수 원주민 (LDMLFN)과 최근에 인수한 엠파이어, 실버백 및 램블러 프로젝트에 관한 양해각서(MOU)를 체결했습니다. 이 협약은 협력 작업과 상호 이익을 위한 프레임워크를 설정하며, 사회적, 생태적, 문화적 및 경제적 복지에 초점을 맞추고 있습니다. MOU에는 이익 공유 조항이 포함되어 있으며, VR의 탐사 활동 중 LDMLFN 커뮤니티 구성원들을 위한 지역 비즈니스 기회 창출, 고용 및 교육 프로그램을 만들겠다는 약속이 포함되어 있습니다.
Ressources VR a signé un Protocole d'Entente (MOU) avec la Première Nation Lac des Mille Lacs (LDMLFN) concernant leurs projets récemment acquis Empire, Silverback et Rambler près d'Upsala, Ontario du Nord. L'accord établit un cadre pour le travail collaboratif et les avantages mutuels, en mettant l'accent sur le bien-être social, écologique, culturel et économique. Le MOU inclut des dispositions pour le partage des bénéfices, avec des engagements à créer des opportunités commerciales locales, de l'emploi et des programmes de formation pour les membres de la communauté LDMLFN lors des activités d'exploration de VR.
VR Ressourcen hat ein Memorandum of Understanding (MOU) mit der Lac des Mille Lacs First Nation (LDMLFN) bezüglich ihrer kürzlich erworbenen Projekte Empire, Silverback und Rambler nahe Upsala, Nordontario, unterzeichnet. Die Vereinbarung schafft einen Rahmen für die Zusammenarbeit und gegenseitige Vorteile, mit dem Fokus auf soziale, ökologische, kulturelle und wirtschaftliche Wohlergehen. Das MOU umfasst Bestimmungen zur Gewinnaufteilung und verpflichtet sich, lokale Geschäftsmöglichkeiten, Beschäftigung und Ausbildungsprogramme für die Mitglieder der LDMLFN-Gemeinschaft während der Erkundungsaktivitäten von VR zu schaffen.
- Secured local community support for exploration projects through formal agreement
- Potential for cost optimization through local workforce and business partnerships
- None.
VANCOUVER, British Columbia, Dec. 09, 2024 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR; OTC:VRRCF; FSE: 5VR), (the “Company” or “VR”), is pleased to announce the signing of a memorandum of understanding (the “MOU”) with Lac des Mille Lacs First Nation (“LDMLFN”) with respect to VR’s recently acquired Empire, Silverback and Rambler projects (the “Projects”) in Northern Ontario, near the town of Upsala.
From VR’s CEO, Justin Daley, “this MOU reflects a mutual desire for VR and LDMLFN to work together in a collaborative, mutually beneficial, and respectful manner with the shared goals of social, ecological, cultural and economic well-being. The MOU also establishes various areas of benefit sharing, including a commitment by VR and LDMLFN to jointly identify opportunities for LDMLFN community members to participate in VR’s exploration programs through local business, employment and training opportunities where possible.”
VR looks forward to working in partnership with LDMLFN throughout its exploration and appreciates the community’s support to our projects moving forward.
About the Projects
The Empire, Silverback and Rambler projects are located within the traditional territories of the Lac des Milles Lacs First Nation and represent an expansion of the Company’s long standing KSZ strategy in the James Bay Basin of Ontario, 600 km away, on similarly long-lived, crustal-scale structures intersecting greenstone belts within the Archean Superior craton. This new Western Superior strategy is focused on exploring large intrusive complexes with demonstrated gold and copper mineralization in hydrothermal and magmatic systems. The opportunity for VR is to be the first to apply the latest mineral deposit models and research along with modern exploration technology on the projects, in a historically underexplored area.
About VR Resources
VR is an established junior exploration company based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR evaluates, explores and advances large-scale, blue-sky opportunities in copper, gold and critical metals in Nevada, USA, and Ontario, Canada, and more recently made Canada’s newest bluesky discovery of a diamond-bearing kimberlite pipe at its Northway project. VR applies modern exploration technologies and leverages in-house experience and expertise in greenfields exploration to large-footprint mineral systems in underexplored areas/districts. The foundation of VR is the proven track record of its Board in early-stage exploration, discovery and M&A. The Company is financed for its mineral exploration and corporate obligations. VR owns its properties outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Justin Daley”
_____________________________
Justin Daley, MSc, PGeo
President & CEO
| For general information please use the following: | |
| Website: | www.vrr.ca |
| Email: | info@vrr.ca |
| Contact: | Justin Daley, 604-865-5119; e-mail: jdaley@vrr.ca |
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Forward looking statements in this release, for example include but are not limited to: the general use of proceeds, that the Company will complete the financing; that the Company will carry out exploration on its Ontario property.
Although the Company believes that the use of such statements is reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Trading in the securities of the Company should be considered highly speculative.
The Company’s public disclosure filings can be accessed via www.sedar.com and readers are urged to review the materials.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
FAQ
What projects are covered under VR Resources (VRRCF) MOU with Lac des Mille Lacs First Nation?
What benefits does the December 2024 MOU provide to Lac des Mille Lacs First Nation from VR Resources (VRRCF)?
Where are VR Resources (VRRCF) new exploration projects located?
