Vinland Lithium Inc Provides Update on Claim Purchase

Vinland Lithium Inc. has acquired one mineral license, comprising four claim units, through a land purchase agreement signed on June 3, 2026. The transaction consideration includes CDN $3,000 in cash and the issuance of 5,000 common shares. The vendor retains a 1% Net Smelter Royalty (NSR) on the acquired claims.

The release also reiterates historical 2022 drilling and channel sampling results from the Killick Lithium Project, highlighting high-grade lithium, cesium, tantalum, and rubidium intercepts. Vinland maintains 100% interest in the Killick project, subject to a 2% NSR, with 1% payable to Benton Resources and 1% to Pirate Gold. No new exploration results, financing, or operational milestones are attached to this specific announcement.

Vinland Lithium Inc. (VLD) acquired a small claim package for $3,000, a transaction that dilutes the share count by approximately 0.05%. The deal adds a 1% NSR to the holdings, a change that does not meaningfully alter project economics or the existing royalty burden. The update also involves rehashing 2022 assay data without introducing new field results or updated exploration progress, providing no incremental fundamental value.

The stock has declined approximately 45% from its January 2026 peak, reflecting market fatigue with pre-revenue exploration and a lack of near-term catalysts. This move serves as a routine administrative update to maintain tenure and incrementally expand the land package, consistent with standard junior explorer behavior.

Vinland Lithium Inc. (VLD) is a pre-revenue exploration company focused on the Killick Lithium Project in Southwestern Newfoundland. The project hosts LCT (Lithium-Cesium-Tantalum) pegmatites, including the Kraken Pegmatite Field, Killick/East Dyke, and the Hydra Cesium Discovery.

Historical drilling has returned high-grade intercepts, such as 15.23m @ 1.04% Li2O and 13.37m @ 1.22% Li2O. The Hydra discovery is notable for high-grade cesium channel samples, reaching up to 8.75% Cs2O.

The company holds a $1.3M research partnership with academic institutions to study regional pegmatites. Infrastructure is favorable, with road access, power lines, and government support in place.