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Vior Signs Definitive Agreement with SOQUEM and Initiates Large Scale VTEM at Skyfall Nickel Project
MONTREAL, QC / ACCESSWIRE / March 7, 2023 / VIOR INC. ("Vior" or the "Corporation"), (TSXV:VIO)(O...
About this update from Vior Gold Corporation Inc.
[{"type":"text","content":"Vior Signs Definitive Agreement with SOQUEM and Initiates Large Scale VTEM at Skyfall Nickel ProjectMONTREAL, QC / ACCESSWIRE / March 7, 2023 / VIOR INC. (\"Vior\" or the \"Corporation\"), (TSXV:VIO)(OTCQB:VIORF)(FRANKFURT:VL51) is pleased to announce that it has executed the Definitive Option and Joint Venture Agreement (the \"Agreement\") with SOQUEM Inc. (\"SOQUEM\"), a subsidiary of Investissement Québec, for its recently consolidated Skyfall Nickel project (\"Skyfall\" or the \"Project\"), located in the Abitibi Greenstone Belt, Québec, see fig. 1. In addition, Vior has just initiated on the Project, a project scale 3,400+ line kilometre helicopter-borne VTEM and magnetic survey, designed for identification and delineation of Ultramafic units.The Agreement outlines the final terms and conditions between Vior and SOQUEM; providing SOQUEM with the right to acquire a 50% undivided interest in the Project, and if the Option is exercised by SOQUEM, the Agreement outlines the terms and conditions for a future Joint Venture between the parties. This Agreement will be subject to receipt of all regulatory approvals, including acceptance and approval by the TSX Venture Exchange.Agreement Highlights:SOQUEM will have the option to acquire a 50% undivided interest in the Skyfall Nickel project, with Vior owning the other 50% and being the operatorSOQUEM will finance exploration work commitments totalling $2.5 million over a two-year periodSOQUEM will make cash payments to Vior totalling $350,000 over a two-year periodMark Fedosiewich, President and CEO of Vior, stated: \"We are pleased to finally announce the execution of this definitive Agreement with a strong quality partner like SOQUEM to help support our efforts and to validate the potential at our Skyfall Nickel project. This Agreement will provide Vior shareholders with a strengthened financial position, and allow us to better focus and allocate capital in our overall exploration efforts, in particular at our flagship Belleterre gold project. This partnership with SOQUEM, a well-financed and socially responsible exploration company in Quebec, demonstrates the Quebec Government's strong commitment to accelerate the exploration and development of high-potential strategic metal projects for the North American battery metals market.\"The Skyfall Nickel project is located in ...