Northwire Canada EditionWednesday, August 12, 2026
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GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5% GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5%
Drill Results

VISIBLE GOLD MINES PROVIDES CORPORATE UPDATE AND OUTLINES 2025 EXPLORATION PLANS

By The Northwire Desk — AI Analysis Oct 08, 2025 · 12:06 VGD · 0.145 Visible Gold Mines Inc.
VGD · Price

Executive Summary

  • Visible Gold Mines completed the first tranche of a property sale to Fokus Mining Corporation, receiving $750,000 cash and 10 M shares valued at $1.75 M; a second $750 k cash payment is due by Dec 3 2025.
  • CEO Martin Dallaire purchased an additional 5.3045 M shares for approximately $658.5 k, raising his ownership to ~14.3% (non‑diluted).
  • The company outlined 2025 exploration programs for its Horsefly and Veronik gold projects and disclosed the likely abandonment of its CarLi and NataLi lithium projects.

Key Details

  • Property Sale to Fokus Mining Corp.:
  • Initial cash consideration: $750,000
  • Shares issued: 10,000,000 (valued at $1,750,000)

  • Second cash payment of $750,000 expected no later than December 3 2025.

  • CEO Insider Purchase:

  • Total shares acquired: 5,304,500 (1,800,000 directly; 3,504,500 via management company)
  • Average price paid: $0.124 per share
  • Total investment: $658,509.70

  • Ownership post‑purchase: 14.28% of issued shares (non‑diluted), 18.98% on a partially fully diluted basis.

  • Website Refresh: Temporary offline status; new site to launch before end of October 2025.

  • Marketing Initiative: Immediate marketing campaign planned to promote gold projects and corporate structure.

  • Exploration Updates – Gold Projects:

  • Horsefly Property (Barrette Road Gold Showing): No prior drilling; prospecting & sampling program slated for coming weeks, followed by drilling. Flagship project.

  • Veronik Property: Prospecting program scheduled for fall 2025; located 75 km SE of Hecla’s Casa Berardi mine.

  • Lithium Projects – SPOD Option:

  • To date, SPOD Lithium paid $175,000 and issued 2,375,000 shares; performed work valued at $1,141,085 on 78 mining titles.
  • Final obligation to complete option (by Dec 31 2025): $150,000 cash, 1,375,000 SPOD shares, and $1,000,000 of additional work.

  • SPOD indicated inability to meet obligations; project likely to revert to Visible Gold Mines.

  • Lithium Project Abandonments:

  • CarLi: Abandoned on Sept 21 2025 due to insufficient exploration work.

  • NataLi: Scheduled abandonment on Dec 9 2025 for same reason.

  • Qualified Person: Jeannot Theberge, P.Geo., senior geologist, approved technical content under NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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