Vanstar Mining Resources Inc.
VSR.V
Toronto Stock Exchange Ventures0.67
CAD
+0.02
- -
Vanstar Mining Resources Inc.
VSR.V
(Toronto Stock Exchange Ventures)
Recent
price
0.67
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Vanstar Mining Resources Inc. (TSXV:VSR) is a Canada-based gold exploration company focused on the acquisition, exploration, valuation, and development of mineral properties primarily in northern Quebec. The company holds interests in several projects, including a 25% carried interest in the flagship Nelligan gold project, comprising 158 mining cells covering approximately 8,216 hectares near Chibougamau; a 75% option interest in the Bousquet-Odyno property with 37 contiguous mining claims spanning 1,492 hectares along the Cadillac Break; and 100% ownership of the Felix property in the Chicobi Group of the Abitibi mining camp, the Amanda property covering 7,306 hectares on the Auclair formation with historical gold showings up to 12.1 g/t Au over 3 meters, and the Frida and Eva properties in the James Bay area. Founded in 2008 and headquartered in Montreal, Quebec, Vanstar targets gold deposits in the Abitibi Greenstone Belt and related high-potential regions of Quebec, serving institutional and retail investors in the junior mining sector. In a major strategic development, IAMGOLD Corporation completed the acquisition of all of Vanstar's issued and outstanding common shares in February 2024 via a court-approved plan of arrangement, under which Vanstar shareholders received 0.2008 IAMGOLD shares per Vanstar share, resulting in Vanstar operating as a wholly-owned subsidiary of IAMGOLD and consolidating IAMGOLD's 100% ownership of the Nelligan project along with Vanstar's other Quebec exploration assets and a 1% NSR royalty on select Nelligan claims.