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Visionary Secures Strategic Exploration Alliance, Announces Private Placement of $1.22M to Advance Wyoming Nickel Sulfide Exploration
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Visionary Metals Corp. (TSXV: VI...
About this update from Visionary Metals Corp
[{"type":"text","content":"Visionary Secures Strategic Exploration Alliance, Announces Private Placement of $1.22M to Advance Wyoming Nickel Sulfide ExplorationVancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Visionary Metals Corp. (TSXV: VIZ) (\"Visionary\" or the \"Company\") is pleased to announce it has entered into an Exploration Alliance Agreement (the \"Alliance\") through its wholly-owned subsidiary, Lost Creek Corp. (\"Lost Creek\"), and Teck American Incorporated (\"Teck\"), a subsidiary of Teck Resources Limited, to advance nickel exploration on Visionary's 40 square kilometer land package in the Granite Mountains of Central Wyoming.Under the Agreement, Visionary will collaborate with Teck to conduct nickel exploration with a specific focus on the Tin Cup, King Solomon, and Diamond Springs claim groups, within a defined Alliance Area of Interest. The Alliance aims to identify and develop economically viable nickel, copper and platinum group element deposits in Wyoming's Granite Mountains.Visionary CEO Wes Adams commented: \"It's a privilege to be working with Teck, a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. This partnership combines Visionary's deep local geological expertise with Teck's significant global exploration and mining experience. Together, we are uniquely positioned to unlock significant value for shareholders. Our upcoming exploration program, starting with a comprehensive geophysical survey, exemplifies our joint commitment to making new discoveries in this high-potential district.\"Strategic Exploration Alliance Highlights:Initial Funding: Teck will subscribe for 17,392,193 common shares of Visionary at $0.07 per share, providing $1,217,454 in gross proceeds, representing 9.9% of Visionary's issued and outstanding shares on a non-diluted basis. These proceeds will be used to fund initial exploration activities.Subsequent Funding: If Visionary completes an additional equity financing during the Alliance term, Teck may invest up to $500,000 on terms no less favorable than other investors, potentially increasing its ownership up to 19.9% on a partially diluted basis, subject to TSX Venture Exchange approval.Exploration Program: Visionary will manage exploration programs, incurring expenditures equal to or exceeding the combine...