Core Insights - Viridian Metals Inc. has reported initial assay results from its 2025 drilling program at the Kraken Main Zone, confirming continuous near-surface sulphide mineralization across 80 meters of strike, with additional assays pending from 360 meters of drilled strike [1][10] - The drilling results indicate several holes with over 20-meter mineralized intervals, including high-grade copper zones, reinforcing Kraken as one of the shallowest and most extensive magmatic sulphide systems in Canada [1][5] Drilling Results - The initial five drill holes have confirmed continuity over more than 600 meters of trend, with the mineralized unit extending at least 5 kilometers based on geophysical signatures [3][5] - Specific drill hole results include VKS25-024 with 24.05 meters at 0.77% CuEq and VKS25-026 with 20.25 meters at 0.64% CuEq, showcasing significant mineralization [4][7] Mineralization Characteristics - The sulphide mineralization shows consistent characteristics, with sulfur analyses indicating approximately 5–30% sulphides, and some intervals reaching up to 66% sulphides, which is unusual for Canadian magmatic sulphide systems [5][6] - The mineralized drill holes are spaced along a more than 5-kilometer EM-defined trend, highlighting the potential significance of the Kraken discovery [5] Future Plans - Viridian is planning an expanded 2026 drilling program to continue step-outs along the 5-kilometer anomaly and test newly identified structural splays for potential sulphide accumulation [11] - Assays for the additional 360 meters of drilled strike are pending, with expectations for continued positive results as the broader mineralized horizon is evaluated [10][11] Company Overview - Viridian Metals is focused on generative metal exploration with an emphasis on environmental responsibility and ethical practices, primarily targeting copper, nickel, and cobalt [18]

Core Viewpoint - Viridian Metals Inc. has successfully closed the first tranche of its non-brokered private placement, raising a total of $591,543.68 through the issuance of flow-through shares and hard dollar units, driven by investor demand rather than capital need [1][2]. Group 1: Private Placement Details - The first tranche included the issuance of 955,671 common shares, with 296,672 designated as flow-through shares priced at $0.75 each, and 658,999 hard dollar units priced at $0.56 each [3][8]. - The company paid a finder's fee of $21,840.28, which is 7% of the proceeds raised from subscribers introduced by finders, and issued 32,667 finder warrants, each exercisable at $0.75 until December 2, 2027 [2][3]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses related to the company's Labrador mining projects, specifically for surface geochemistry, geophysics, and drill targeting [4]. - Funds raised from the hard dollar units will be utilized for general working capital and corporate purposes [4]. Group 3: Amalgamation - The company has completed a vertical short-form amalgamation with its wholly-owned subsidiary, Viridian Metals Corp., effective December 1, 2025, to streamline financial and regulatory reporting and reduce administrative costs [6][7]. - No securities were issued in connection with the amalgamation, and the company's share capital remains unchanged, retaining the name "Viridian Metals Inc." [7][9]. Group 4: Finder Warrants Correction - The company corrected the issuance of finder warrants related to a previous private placement, increasing the total from 29,167 to 58,334 finder warrants, with an extended expiry date of June 4, 2028 [11][14]. Group 5: Company Overview - Viridian Metals is focused on generative metal exploration with an emphasis on environmental responsibility and ethical practices, primarily targeting critical metals such as copper, nickel, and cobalt [15].