Viridian Metals Announces Private Placement and Market Making Agreement

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On September 4, 2026, Ottawa-based Viridian Metals Inc. (CSE: VRDN, OTCQB: VIRMF) completed a non-brokered private placement that raised $1,045,466.55 in gross proceeds. The company issued 2,323,259 units at $0.45 per unit, with each unit consisting of one common share and one-half of one common share purchase warrant exercisable at $0.60 for 24 months. Additionally, the company entered into a market making agreement with Independent Trading Group. CEO Tyrell Sutherland stated that the financing serves to strengthen the company’s treasury to support ongoing drilling operations at the Kraken project.

Consequences

The influx of capital provides the company with liquid assets to continue active drilling operations at the Kraken site. The accompanying market making agreement is intended to support the trading of the company's shares as it prepares to report upcoming project results.

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