Visionary Metals Corp. Announces Closing of Upsized $7.445 Million Financing

About this update from Visionary Metals Corp

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2026) - Visionary Metals Corp. (TSXV: VIZ) ("Visionary" or the "Company") is pleased to announce that it has closed its previously announced financing, issuing 31,019,508 units of the Company (each, a "Unit") at a price of $0.24 per Unit (the "Offering Price") for gross proceeds of $7,444,682.08, including a $1,200,000 investment by Teck Resources Limited ("Teck"). The Units are being issued following the Company's 4:1 share consolidation (the "Consolidation"). The financing consisted of a non-brokered private placement offering pursuant to the "listed issuer financing exemption" (the "LIFE Offering") under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (such exemption, the "Listed Issuer Financing Exemption"), and a concurrent non-brokered private placement as further set out below (the "Concurrent Private Placement", and together with the LIFE Offering, the "Offering"). Each Unit is comprised of one post-Consolidation common share of the Company (each, a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Company (each, a "Warrant Share") at a price of $0.36 (the "Exercise Price") for a period of 36 months from the closing date of the Offering. The Company issued a total of 19,679,550 Units pursuant to the Listed Issuer Financing Exemption and 11,339,958 Units pursuant to the Concurrent Private Placement. The Unit Shares, Warrants, and Warrant Shares issued to purchasers pursuant to the Listed Issuer Financing Exemption, are not subject to a hold period in accordance with applicable Canadian securities laws. The Unit Shares, Warrants and Warrant Shares issued to purchasers pursuant to the Concurrent Private Placement are subject to a hold period of four months and one day from the closing date in accordance with applicable securities laws. The Company intends to use a minimum of $2.4 million of the net proceeds raised from the Offering, together with Teck's direct funding, to fund diamond drilling programs at its flagship Tin Cup and King Solomon nickel-copper projects. Please refer to the Company's press release of March 2, ...

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