Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Virginia Energy Resources Inc. (V:VUI)

Business Focus: Uranium (NEC)

Sector:  Energy Industry:  Uranium
See Regulatory Filings on SEDAR
Company Contact
Address: 650- 1021 West Hastings Street
Tel: N/A
IR: See website
Key People
Walter Coles
Chairman of the Board, President, Chief Executive Officer
Andrew Macritchie
Chief Financial Officer
Walter J. Coles
Executive Vice President - Corporate Development
Neal Keesee
Corporate Secretary, Director
Business Overview
Virginia Energy Resources Inc. is a Canada-based resource uranium development and exploration company. The Company is focused on the exploration and development of uranium deposits located in the southern part of the state of Virginia in the United States of America. The Company through its subsidiary, Virginia Uranium, Inc., owns 100% interest in the Coles Hill uranium project located in south central Virginia, United States. Virginia Uranium, Inc. controls the mineral rights, surface rights, and leasehold development and operating rights on the Coles Hill property. Coles Hill is located on gently rolling hills in Pittsylvania County, southern Virginia, in close proximity to established infrastructure and skilled labor. The Coles Hill project is situated approximately 10 kilometers (kms) northeast of Chatham, Virginia, United States covering approximately 2960 hectares (ha).
Financial Overview
For the nine months ended 30 September 2022, Virginia Energy Resources Inc revenues was not reported. Net loss increased 32% to $389K. Higher net loss reflects General and administrative increase from $44K to $95K (expense), Professional fees increase of 21% to $277K (expense), Stock based compensation increase from $0K to $11K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.01.
Reporting Currency: U.S. Dollars
Enterprise value: $25.93M as of Sep 30, 2022
Annual revenue (TTM): $0.00M as of Sep 30, 2022
EBITDA (TTM): -$0.56M as of Sep 30, 2022
Net annual income (TTM): -$0.50M as of Sep 30, 2022
Free cash flow (TTM): -$0.56M as of Sep 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 64,245,614 as of Sep 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization