VVC Portfolio Company, Proton Green, Plans for “Reverse Merger” with Nasdaq Listed Company
July 21, 2022

Poised To Be One of The Leading Helium and Hydrogen Production and Carbon Sequestration Hubs in North America

TORONTO, ONTARIO – July 21, 2022 - VVC Exploration Corporation (TSX:VVC), dba VVC Resources, ("VVC") announces that Proton Green, LLC. has entered into a non-binding term sheet ("Term Sheet") which contemplates the reverse merger ("Merger") with Schmitt Industries, Inc. (NASDAQ: SMIT) ("Schmitt"). VVC is a founding shareholder of Proton Green, which launched in 2021 and currently owns approximately 14% of Proton Green.


"I would like to congratulate our former VVC colleague Steve Looper on his tremendous work building Proton Green into a trailblazer in helium, carbon capture and the global energy transition," said Jim Culver, VVC President and CEO. " We are proud to have supported Proton Green in its start-up phase and be a part of its vision for a 'carbon negative future'. This is an eco-friendly project and great for VVC shareholders. "


Highlights:

  • Proton Green, led by Steve Looper, a former VVC team member, is one of the leading helium and hydrogen production and carbon sequestration hubs in North America.
  • As a founding shareholder, VVC currently owns 13.97% of Proton Green.
  • Proton Green was founded in 2021 based on the potential of the St. John’s Field which contains 33 billion cubic feet (“BCF”) of helium based on an independent third-party report (source: Proton Green website).
  • Under the merger agreement with Schmitt, Proton Green would own 95% of the combined company. The Company would be renamed 'Proton Green Corporation' and the common stock would continue to trade on the Nasdaq under a new symbol.


The press release issued by Schmitt can be viewed at Cision PR Newswire. For more information on Proton Green, visit www.vvcresources.com/proton-green.


About VVC Resources

VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com.


About Proton Green

Proton Green, LLC, is a producer of helium and hydrogen, and is building out its position as a large carbon sequestration operator in North America. With operating control over the St. Johns Field, a 152,000-acre property in Apache Country, Arizona, Proton controls a helium reservoir and carbon storage basin. Helium remains in short supply and is used to cool magnets in MRI systems, as the temperate of silicon during semiconductor manufacturing, for space and satellite system applications, as well as in many other critical technologies. Carbon capture and sequestration is fast becoming a climate imperative, and Proton has the ability to inject up to 22 million metric tons of CO2 per year at its primary basin, and over one billion tons of total storage capacity. For more information, please see Proton’s website at: www.protongreen.com.


Neither 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.

VVC Appoints New President & Grants Options

March 18, 2025
TORONTO, March 18, 2025 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Appointment of Officers The Directors appointed Mr. Bill Kerrigan as President and Chief Operating Officer of VVC. Mr. Kerrigan will continue to be President of Plateau Helium Corporation. Mr. James A. Culver will remain as CEO of VVC. VVC Chairman, Terrence Martell, commented, "As a representative of Management and the Board, I extend heartfelt gratitude to Mr. Culver for his years of service as President. I also welcome Mr. Kerrigan to his new role as President and I am confident that he will provide positive momentum for VVC." Option Grant The Directors also granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 15,700,000 common shares, representing 2.74% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring March 17, 2035. 25% of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 41.1% were to Directors, 30.3% to Officers and 28.7% to Employees/Consultants of the Company. About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither 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.

Results of VVC Annual Shareholders’ Meeting

December 5, 2024
The Company’s Annual General Meeting of Shareholders (“AGM”) took place virtually yesterday with 34 attendees (shareholders and guests). Total attendance in person and by proxy was 137 shareholders representing about 51.4% of the outstanding shares. At the AGM, shareholders approved the election of all Directors proposed by Management with over 90% of the tendered votes being in favor, and the re-appointment of MNP LLP as auditors of the Company with all of the tendered votes being in favor.
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