Visionary Metals Announces 4:1 Share Consolidation, CAD$7.145 Million Financing and Share Buyback

The 21 May 2026 release details a definitive financing and corporate restructuring package. The company is: - Executing a 1-for-4 share consolidation (reducing outstanding shares from ~175.7M pre-consolidation to ~43.9M). - Completing a concurrent dual-tranche private placement for gross proceeds of up to C$7,145,000. - LIFE Offering: up to C$4,748,595 at C$0.24 per unit (1 share + 1/2 warrant; warrant strike C$0.36, 36‑month term, acceleration right at C$0.55 for 20 consecutive days). - Concurrent non-brokered private placement: up to C$2,396,405 (expected same unit terms). - Placing C$1.2M of the financing with Teck Resources, lifting Teck’s non‑diluted ownership to approximately 14%. - Repurchasing 26.55M pre‑consolidation shares from a shareholder’s estate for ~C$1.33M (C$0.05/share). - Expected post‑closing outstanding shares: ~67M; expected cash balance: ~C$6.3M. - Use of proceeds: at least C$2.4M to fund diamond drilling at Tin Cup and King Solomon Ni‑Cu projects, advancement of the Slipstream Cu‑Au‑Ag porphyry project, and general working capital.

The financing materially improves Visionary’s balance sheet and removes near‑term funding overhang. While Teck was already a strategic shareholder (9.9%), the additional C$1.2M investment at the new C$0.24 unit price — a discount to the equivalent post‑consolidation price implied by the pre‑consolidation Teck entry at C$0.07 (i.e., C$0.28 equivalent) — is a vote of confidence from a major mining company. The buyback of a large overhanging block eliminates potential selling pressure. Most critically, the capital fully funds the 2026 drill programs at Tin Cup and King Solomon, where high‑quality FLTEM conductors are already identified, and cash is reserved for the Slipstream work. While a consolidation alone often signals distress, here it is paired with a sizable injection of capital and strategic partner commitment, making the net effect clearly positive. The market had been drifting lower (C$0.07 from C$0.09), so the news shores up confidence that the catalysts can be tested without immediate additional dilution. This qualifies as Material – Positive because the financing is larger than typical for the company’s size, brings cash that enables the key catalyst (drilling), and the Teck stake increase reinforces the strategic alliance.

Visionary Metals is a junior explorer focused on critical and precious metal discoveries in the western US. Its portfolio comprises: - King Solomon (Wyoming): Nickel‑copper sulfide project (discovery made in 2022) with drill‑ready EM targets, including a 200 m strike, high‑conductance anomaly modelled from FLTEM surveys. Teck holds an option to earn up to 70% by spending C$6M. - Tin Cup (Wyoming): 4.3 km nickel‑bearing peridotite intrusion, multiple high‑conductance EM plates (e.g., TC‑01B: 940 m x 82 m, 3,200 S conductance). Surface rock samples up to 5.6% Cu, 0.06% Co. Also subject to Teck earn‑in. - Diamond Springs (Wyoming): Early‑stage nickel target under the same alliance. - Slipstream (Utah): 100%‑owned porphyry Cu‑Au‑Ag project with 468 claims and a SITLA lease covering 2,585 acres. Historic rock samples to 20.1 g/t Au, 5.0% Cu, 243 g/t Ag. Exploration in progress, drill permitting targeted for late 2026. The company’s flagship assets are the nickel projects in Wyoming, where the upcoming diamond drilling is the near‑term catalyst.