Viridian Metals Launches Financing to Build on Positive Market Momentum

Executive Summary

• Viridian Metals Inc. announced a non‑brokered private placement to raise up to C$1,500,000 through flow‑through shares at $0.75/share and non‑flow‑through units at $0.56/unit.
• The financing provides capital for continued exploration at Labrador projects (flow‑through proceeds) and general working capital (hard‑dollar unit proceeds).
• Units include a common share plus half of a warrant exercisable at $0.75 per share for two years, adding potential future equity dilution.

Key Details

• Securities Offered:
• Flow‑through shares – $0.75 per share.
• Non‑flow‑through units – $0.56 per unit (each unit = 1 common share + ½ warrant).
• Warrant Terms: Exercise price $0.75 per share; exercisable for two years from issuance.
• Maximum Gross Proceeds: Up to C$1,500,000.
• Use of Proceeds:
• Flow‑through proceeds → eligible Canadian exploration expenses at Labrador projects (renounced to subscribers by Dec 31 2025).
• Hard‑dollar unit proceeds → general working capital and corporate purposes.
• Statutory Hold Period: Four months and one day from issuance for all securities.
• Finder’s Fees: Company may pay cash or securities to arm’s‑length finders involved in the placement.
• CEO Comment: “This financing allows Viridian to continue building on the strong momentum we have seen…we’re excited to keep advancing our programs and delivering meaningful results for shareholders.”

Notable Quotes

“This financing allows Viridian to continue building on the strong momentum we have seen in recent months,” – Tyrell Sutherland, President & CEO.

Materiality Assessment: Material - Positive (significant capital raise expected to fund exploration and operations).