VR Resources Management

Management criteria checks 4/4

VR Resources' CEO is Mike Gunning, appointed in Mar 2017, has a tenure of 7.17 years. total yearly compensation is CA$192.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 5.38% of the company’s shares, worth $703.72K. The average tenure of the management team and the board of directors is 5.3 years and 7.2 years respectively.

Key information

Mike Gunning

Chief executive officer

CA$192.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	7.2yrs
CEO ownership	5.4%
Management average tenure	5.3yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Gunning's remuneration changed compared to VR Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$7m
Sep 30 2023	n/a	n/a	-CA$7m
Jun 30 2023	n/a	n/a	-CA$3m
Mar 31 2023	CA$192k	CA$192k	-CA$2m
Dec 31 2022	n/a	n/a	-CA$2m
Sep 30 2022	n/a	n/a	-CA$2m
Jun 30 2022	n/a	n/a	-CA$2m
Mar 31 2022	CA$192k	CA$192k	-CA$3m
Dec 31 2021	n/a	n/a	-CA$981k
Sep 30 2021	n/a	n/a	-CA$994k
Jun 30 2021	n/a	n/a	-CA$564k
Mar 31 2021	CA$243k	CA$192k	-CA$807k
Dec 31 2020	n/a	n/a	-CA$1m
Sep 30 2020	n/a	n/a	-CA$2m
Jun 30 2020	n/a	n/a	-CA$2m
Mar 31 2020	CA$268k	CA$192k	-CA$2m
Dec 31 2019	n/a	n/a	-CA$1m
Sep 30 2019	n/a	n/a	-CA$1m
Jun 30 2019	n/a	n/a	-CA$873k
Mar 31 2019	CA$296k	CA$192k	-CA$1m
Dec 31 2018	n/a	n/a	-CA$1m
Sep 30 2018	n/a	n/a	-CA$1m
Jun 30 2018	n/a	n/a	-CA$1m
Mar 31 2018	CA$192k	CA$192k	-CA$966k

Compensation vs Market: Mike's total compensation ($USD139.55K) is below average for companies of similar size in the US market ($USD667.63K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Gunning (61 yo)

7.2yrs

Tenure

CA$192,000

Compensation

Dr. Michael Hewitt Gunning, also known as Mike, B.Sc (Hons), M.Sc, Ph D., serves as Chief Executive Officer of VR Resources Ltd. since March 21, 2017 and has been its President since March 21, 2017.Dr. Gu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Gunning	CEO, President & Director	7.2yrs	CA$192.00k	5.38% CA$ 703.7k
Blaine Bailey	Chief Financial Officer	7.2yrs	CA$24.00k	0.042% CA$ 5.5k
Terese Gieselman	Corporate Compliance Officer	less than a year	no data	no data
Justin Daley	VP of Exploration & Chief Geologist	3.3yrs	no data	no data
Cyndi Laval	Corporate Secretary	no data	no data	0.25% CA$ 32.7k

5.3yrs

Average Tenure

61yo

Average Age

Experienced Management: VRRC.F's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Gunning	CEO, President & Director	7.2yrs	CA$192.00k	5.38% CA$ 703.7k
Darin Wagner	Independent Chairman	7.2yrs	no data	1.34% CA$ 175.0k
Craig Lindsay	Independent Director	7.2yrs	no data	no data
Keith Inman	Independent Director	less than a year	no data	no data

7.2yrs

Average Tenure

57.5yo

Average Age

Experienced Board: VRRC.F's board of directors are considered experienced (7.2 years average tenure).

VR Resources Management

Management criteria checks 4/4

Key information

Recent management updates

VR Resources Ltd., Annual General Meeting, Aug 31, 2023

VR Resources Ltd., Annual General Meeting, Aug 29, 2022

Recent updates

VR Resources Ltd. announced that it has received CAD 0.8974 million in funding

VR Resources Ltd. announced that it expects to receive CAD 0.5 million in funding

VR Resources Ltd. Provides an Update on Work Planned in First Quarter 2024 to Continue Advancing the REE Discovery at Its Hecla-Kilmer Project Located in Northern Ontario

VR Resources Ltd. Reports Results from Ongoing Metallurgical Work for Rare Earth Element Mineralization at the Company's Hecla-Kilmer Project in Northern Ontario

VR Resources Ltd. Reports New REE Intersections at Hecla-Kilmer, Confirms Apatite-Monazite REE Mineralogy from Initial Bulk Sample Results

Vr Resources Ltd. Confirms Kimberlite Breccia 700 Metres from Hole 001 At Northway, Prepares Samples for Shipping, and Scopes Magnetic Surveys on Surrounding Properties

VR Resources Ltd., Annual General Meeting, Aug 31, 2023

VR Resources Ltd. announced that it has received CAD 0.836 million in funding

VR Resources Ltd. announced that it expects to receive CAD 0.8 million in funding

VR Resources Ltd. Confirms Kimberlite Diatreme Breccia in Hole 002 at the Center of the Large, 1.2 km Magnetic Anomaly at Northway in Northern Ontario

VR Resources Ltd. announced that it has received CAD 1.877504 million in funding

Vr Confirms Positive Results for Ree Mineralogy At Hecla-Kilmer, with Permanent Magnet Reos Hosted in Monazite; Plans Are Underway for Beneficiation and Metallurgy Testing This Spring

VR Resources Ltd. Reports Remaining Geochemical Data from the Five-Hole Drill Program on its Hecla-Kilmer Ree Critical Metal Discovery in Northern Ontario

VR Resources Ltd. Intersects 2.7% TREO with 28.5% PMREO at South Rim

VR Resources Ltd. Extends Continuous REE Mineralization At Hecla-Kilmer to over 500 metre Vertical Depth in Hole 13, Starting At Surface and Ending in 2.84 % TREO with Gold

VR Resources Ltd. Receives New Over-Limit Geochemical Data from Hole HK22-013 and Increases Pmreo Content to 21.1% of Treo At Hecla-Kilmer in Northern Ontario

VR Resources Ltd. Completes the Fall Drill Program At Its Hecla-Kilmer Critical Metals Discovery in Northern Ontario

VR Resources Ltd. Announces Drilling Is Underway At Its Hecla-Kilmer Property Located in Northern Ontario

VR Resources Ltd. announced that it expects to receive CAD 0.9 million in funding

VR Resources Ltd. announced that it expects to receive CAD 4 million in funding

VR Resources Ltd. Intersects 25.5 m @ 1.13% Treo with 18% Magnet Reo in the Discovery of Two New Areas with Critical Metals in the Hecla-Kilmer Complex, Ontario

Vr Resources Ltd. Intersects 243 M @ 1% Treo, Including 15 M @ 2.14%, to Discover the Broadest and Highest Grade Critical Metal Mineralization to Date At Hecla Kilmer

VR Resources Ltd. Receives the Assay Data from the First Two Drill Holes from the Recently Completed Third Drill Program At Its Hecla-Kilmer Property Located in Northern Ontario

VR Resources Ltd., Annual General Meeting, Aug 29, 2022

VR Resources Ltd. Completes the Third Drill Program on its Hecla-Kilmer (H-K) Property

VR Resources Ltd. Intersects 205 ft of Silver and Gold Mineralization in Its First Hole at Amsel

VR Resources Ltd. Announces Drilling Is Underway At the Hecla-Kilmer Copper-Gold Breccia Target with Critical Metals in Northern Ontario

VR Resources Ltd. Starts Exploration At Hecla-Kilmer Property

VR Resources Ltd. Set to Commence Phase I Drilling At Its Amsel Gold-Silver Property in Nevada

VR Resources Ltd. announced that it has received CAD 1 million in funding

VR Resources Ltd. announced that it expects to receive CAD 1 million in funding

VR Resources Ltd. Provides Drilling Update at its Hecla-Kilmer Copper-Gold Breccia Target in Northern Ontario

Vr Resources Ltd. Confirms Ree Mineralization At Its Hecla-Kilmer Copper-Gold Iocg Breccia Target in Northern Ontario, and Finalizes Plans for Follow-Up Drilling in September

VR Resources Ltd Completes Phase II Drilling at its Reveille Silver-Copper Property in Nevada

VR Resources Ltd. Commences Phase II Drilling At its Reveille Silver-Copper Property in Nevada

VR Resources Ltd. Provides an Update on the Ongoing Exploration At Its Reveille Silver-Copper and Gold Property in the Walker Lane Gold-Silver Mineral Belt in West-Central Nevada

VR Resources Ltd. announced that it has received CAD 1 million in funding

VR Resources Ltd. announced that it expects to receive CAD 1 million in funding

VR Resources Ltd. Identifies 3.5 mGal Gravity Anomaly At Its Hecla-Kilmer Property in Northern Ontario, and Planning Is Now Underway for Phase Ii Follow-Up Drilling in September

VR Resources Ltd. to Provide A Brief Update on the Maiden RC

VR Resources Ltd. Provides Update on Compiled and Integrated Geochemical Data from the Recent Four-Hole Reconnaissance Drill Program Completed At its Hecla-Kilmer Carbonatite Property and Copper-Gold Breccia Target in Northern Ontario

VR Resources Ltd. Provides update on Drilling at its Reveille Silver-Copper Property in Nevada

VR Resources Ltd. announced that it has received CAD 0.15 million in funding

VR Resources Ltd. announced that it expects to receive CAD 0.15 million in funding

VR Resources Ltd. Receives Drill Permit and Commences 3D Array Dcip Geophysical Survey At its Reveille Silver-Copper Property in Nevada, in Lead Up to Drilling

VR Resources Ltd. announced that it has received CAD 1.54048 million in funding

VR Finalizes Plans for Winter RC Drill Program to Start Testing the Numerous Silver-Copper and Gold Targets at Its Reveille Property in Nevada

VR Resources Ltd. Provides an Update on the Recently Completed Fall Reconnaissance Drill Program at its Hecla-Kilmer Property and Copper-Gold Breccia Target

VR Resources Ltd. Provides an Update on Exploration Completed this Summer at its Reveille Silver Property

VR Resources Ltd. Announces Drilling Is Now Underway at the Hecla-Kilmer Copper- Gold Breccia Target in Northwestern Ontario

VR Resources Ltd. (TSXV:VRR) completed the acquisition of Hecla-Kilmer Property .

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age