Virginia Energy Resources Inc.
VEGYF
Other OTC0.37
USD
+0.02
- -
Virginia Energy Resources Inc.
VEGYF
(Other OTC)
Recent
price
0.37
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Virginia Energy Resources Inc. (TSXV:VUI; OTCQX:VEGYF) is a uranium exploration and development company focused on advancing high-grade uranium projects. The company holds a 100% interest in the advanced-stage Coles Hill uranium deposit in Pittsylvania County, southern Virginia, USA, recognized as the largest untapped uranium resource in the United States and one of the largest globally; it also pursues uranium exploration programs in the Otish Basin of Quebec, Canada. Incorporated in 2007 and headquartered in Vancouver, British Columbia, Canada, Virginia Energy Resources targets the energy minerals sector with operations centered in North America. In January 2023, the company completed its acquisition by Consolidated Uranium Inc. through a statutory arrangement, whereby Consolidated Uranium acquired all outstanding Virginia Energy shares not already held, providing Virginia Energy shareholders exposure to a diversified portfolio of uranium assets including permitted mines in Utah and Colorado; this transaction, initially announced in November 2022 for approximately C$29 million in stock, marked a significant strategic shift from standalone development to integration within a broader uranium platform poised for production restart.