Visionary Metals outlines EM anomalies in Wyoming

Executive Summary

• Visionary Metals Corp. has completed a VTEM survey across its Tin Cup, Diamond Springs, and King Solomon nickel-copper properties in Wyoming, identifying multiple high-potential targets for massive sulphide deposits.
• Based on positive preliminary results, the company has staked an additional 92 mining claims at Tin Cup and Diamond Springs and is accelerating exploration by contracting Dias Geophysical for ground-based EM surveys.
• The exploration activities are part of a strategic alliance with Teck American Inc., which holds an exclusive option to earn a 70% interest in designated properties through specific expenditure milestones.

Key Details

• Survey Results:
  • Tin Cup: Multiple high-amplitude EM anomalies identified ranging from 100 metres to 1,000 metres strike length. These are coincident with magnetic anomalies, surface geochemical anomalies (nickel, chromium, copper), and underlying mafic/ultramafic rocks.
  • King Solomon: A high-amplitude 600-metre strike length EM anomaly identified.
  • Diamond Springs: Small, isolated electromagnetic anomalies mapped along ultramafic and metamorphic rock units.
• Exploration Activities:
  • Ground-based EM surveys are scheduled to commence shortly at Tin Cup and King Solomon, funded by Teck under the exploration alliance.
  • Contractor: Dias Geophysical, utilizing a Fluxgate system with an Emit Smart Fluxgate sensor (5-30 Hz base frequency) capable of detecting conductive massive sulphides up to 800 metres below surface.
  • Visionary plans to apply for new drill notifications at Tin Cup following final interpretation of VTEM and ground-based EM results. Drill notifications already exist at King Solomon.
• Strategic Alliance with Teck American Inc. (Subsidiary of Teck Resources Ltd.):
  • Initial Financing: On Aug. 1, 2025, Teck purchased 17,392,193 common shares at $0.07/share, providing $1,217,454 in gross proceeds (9.9% ownership on non-diluted basis). Proceeds finance initial exploration.
  • Subsequent Financing: Teck may invest up to $500,000 in future equity financings, potentially increasing ownership to 19.9% (subject to TSXV approval).
  • Teck’s Option to Earn Interest:
    • Diamond Springs: $4 million total expenditure (including $500,000 firm commitment within one year) to earn 70% interest.
    • King Solomon or Tin Cup: $6 million total expenditure (including $750,000 firm commitment within one year) to earn 70% interest.
    • Newly Designated Properties: $500,000 total expenditure (including $100,000 firm commitment within one year).
  • Fallback Terms: If Teck completes 50% of required expenditures but does not exercise the option, it receives a 1% NSR royalty and rights to 50% of future concentrate production.
  • Joint Venture Structure: Upon option exercise, parties form a JV. Dilution applies for non-contribution. If a party’s interest falls below 20%, it converts to a 2% NSR royalty with a buyback right for 1% at $4 million USD.
  • Governance: A technical committee with two representatives from each party oversees programs, with Teck holding a tie-breaking vote.
• Geological Context:
  • Properties located in Wyoming’s Archean greenstone belt, analogous to the Yilgarn craton in Australia.
  • VTEM survey covered 40 square kilometres in Fremont County.
  • Tin Cup: Ultramafic intrusions in contact with sulphidic iron formation.
  • King Solomon: Site of Wyoming’s first nickel sulphide discovery (2022).
  • Diamond Springs: Multikilometre-long nickel-bearing ultramafic rock body adjacent to sulphidic metamorphic rocks.

Notable Quotes

• "Preliminary results from the VTEM survey have identified several compelling nickel and copper sulphide targets at our properties in Wyoming," commented chief executive officer Wes Adams. "Based on these results, we are accelerating exploration activities at Tin Cup and King Solomon by conducting ground-based electromagnetic surveys, funded by Teck under our exploration alliance. These ground-based surveys are effective to greater depths than airborne surveys and will allow for three-dimensional modelling of conductive bodies with high nickel and copper massive sulphide potential ahead of 2026 drill programs."