Morocco Strategic Minerals Corp. Completes Sale of Initial 51% Interest in Sakami Property in Quebec

Morocco Strategic Minerals Corporation (MCC) has completed the first closing of its previously announced sale of the Sakami Property in Quebec to Visible Gold Mines Inc. (VGD). As consideration for the initial transfer of a 51% interest in the asset, MCC received 1,000,000 common shares of VGD. The transaction includes a second closing for the remaining 49%, which is contingent on shareholder approval expected in December 2026. This second closing will trigger the issuance of 3,000,000 additional VGD shares and the retention of a 1% Net Smelter Return (NSR) royalty by MCC. VGD holds a repurchase option for the 1% NSR royalty at $1 million.

The 4,000,000 total VGD shares received are subject to a statutory four-month hold and a voluntary three-year resale restriction, with a staggered release schedule. Eskar Capital Corporation acted as finder, earning a 4% cash fee on the transaction value. MCC is divesting the Quebec asset to streamline operations and redirect capital toward its Moroccan exploration portfolio, while VGD will assume responsibility for advancing the Sakami Property.

The transaction follows a series of recent developments for the company. In December 2025, MCC closed a $600,000 non-brokered private placement at $0.10/unit to fund Quebec and Morocco development. In April 2026, the company announced a district-scale option agreement with MNF Groupe Inc. for up to an 80% interest in a Moroccan portfolio, including the Tanfit, Ijoukak, and Ait Zekri properties, and upsized a private placement from $5M to $7.5M. By May 2026, MCC had completed the upsized private placement, raising approximately $7.24M net, and announced the Sakami divestment agreement to VGD for 4M shares plus a 1% NSR. The company also executed a board and management reorganization, appointing Guy Goulet as Executive Chair and Pierre-Olivier Goulet as CEO.

In July 2026, MCC reported high-grade grab and channel sampling at Ouneine and Ait Zekri, confirming copper-silver and gold mineralization, and established a dedicated in-country field team. In August 2026, the company released additional systematic underground and surface channel sampling results from Ouneine, Tanfit, and Ijoukak, highlighting high-grade copper intervals and refining drill targets. The first closing of the Sakami sale in September 2026 marks the execution of the strategic pivot announced in May.

Morocco Strategic Minerals Corporation (MCC) is expected to execute the transaction announced on May 26, 2026, with the release scheduled for September 3, 2026. This move converts an illiquid, non-core exploration asset in Quebec into equity in peer explorer VGD, aligning with management’s stated strategy to focus on operations in Morocco. The transaction reduces administrative overhead and frees up management attention.

The consideration is entirely equity-based, consisting of 4,000,000 VGD shares. This structure introduces counterparty and market risk, as the value of the shares will fluctuate with VGD’s stock price and exploration progress. There is no immediate cash infusion. Additionally, the transaction includes a 1% NSR royalty that provides long-term upside if Sakami advances to production, though a $1M repurchase option caps the near-term royalty value. The transaction does not alter the company's fundamental exploration stage or revenue generation timeline.

Morocco Strategic Minerals Corporation is an exploration-stage company that has pivoted to focus exclusively on its Moroccan portfolio following the divestment of its Quebec assets. The company’s flagship projects include Timarighine (Copper), Ouneine, Tanfit, and Ijoukak (Copper-Silver).

Current project stages involve exploration and sampling. The company has established a field team and completed geological mapping, drone surveys, and 3D laser scans of historical workings.

Exploration results include high-grade grab and channel samples. Reported figures include Ouneine up to 14.88% Cu and 696 g/t Ag, and Tanfit up to 23.60% Cu. These are selective grab and channel samples and do not represent bulk tonnage or resource estimates. No drill results have been released to date.

Strategically, the company holds options for up to 80% of a district-scale portfolio and a 100% option on the Ouneine mine license. Infrastructure, including water and power, is noted to be within 5-10km of key properties.