VIZSLA COPPER ANNOUNCES THE ACQUISITION OF THE PALMER CRITICAL MINERALS VMS PROJECT IN ALASKA AND UP TO $25 MILLION NON-BROKERED PRIVATE PLACEMENT
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On November 13, 2025, Vizsla Copper announced a transformational acquisition of the Palmer Critical Minerals VMS Project in Alaska from Constantine Metal Resources Ltd. The Palmer Project has a significant existing mineral resource estimate. The acquisition terms include future milestone payments of $5 million upon an updated resource of at least 22 million tonnes and $10 million upon commencement of commercial production.
Concurrent with the acquisition, the company announced a non-brokered private placement of up to $25 million. The financing consists of: - Up to $20 million in non-flow-through (NFT) shares at $1.08 per share. - Up to $5 million in flow-through (FT) shares at $1.24 per share. - Up to $5 million in charity flow-through (CFT) shares at $1.72 per share.
To facilitate the financing and acquisition, the company also announced it will undertake a 1-for-10 share consolidation (rollback). The proceeds will be used for exploration at the Palmer Project, exploration on its British Columbia properties, acquisition costs, and general working capital.
This is a company-altering transaction that shifts Vizsla Copper's primary focus from its BC porphyry copper portfolio to a high-grade, advanced-stage VMS (Volcanogenic Massive Sulphide) project in a top-tier jurisdiction.
Vizsla Copper Corp. is a Canadian junior mineral exploration company. Prior to the latest news, its flagship asset was the Poplar Project, a 44,200-hectare property in central British Columbia. Poplar hosts the Poplar copper-gold deposit and the recent Thira discovery, a new zone of porphyry-related copper-molybdenum mineralization that has been the company's primary focus in 2025.
With the November 13, 2025 announcement, the company's new flagship project is the Palmer Project in Alaska. Palmer is an advanced-stage, high-grade VMS project containing copper, zinc, silver, gold, and barite. It has a significant historical mineral resource estimate of 4.77 million tonnes in the Indicated category and 12.0 million tonnes in the Inferred category.