- Viridian Metals (TSXV:VRDN) has expanded its land position in Labrador’s Seal Basin from 10 to 2,600 square kilometres, including over 70 documented and largely unexplored copper occurrences
- The expansion, through staking, makes Viridian the largest claim holder in Newfoundland and Labrador
- Viridian is focused on discovering new critical metals deposits capable of preparing supply chains for the energy transition
- Viridian Metals stock has added 47.06 per cent since inception in November 2024
Viridian Metals (TSXV:VRDN) has expanded its land position in Labrador’s Seal Basin from 10 to 2,600 square kilometres, including over 70 documented and largely unexplored copper occurrences.
The expansion, through staking, makes Viridian the largest claim holder in Newfoundland and Labrador, one of Canada’s highest-potential exploration jurisdictions.
The basin’s copper occurrences are documented in the Geological Survey of Newfoundland and Labrador’s Mineral Occurrence Data System, detailing mapping programs in the 1960s, 1970s and 2010s.
With a road and power infrastructure nearby, Viridian is positioned to develop the Seal Basin’s data-driven targets and capitalize on growing copper demand as renewable energy slowly inches its way into daily life.
Leadership insights
“This large project area is a testament to the exceptional geological potential we see in Labrador,” Tyrell Sutherland, Viridian Metals’ chief executive officer, said in a statement. “The area we’ve secured offers a wealth of exploration opportunities. We are excited to accelerate our work in such a highly prospective region and believe it has the capacity to deliver significant value as we seek to discover the extent of its mineral wealth.”
About Viridian Metals
Viridian is focused on discovering new critical metals deposits capable of preparing supply chains for the energy transition. The company’s project portfolio includes:
- The 183-square-kilometre Kraken project, which is hosted by the same intrusions that host Voisey’s Bay (>65 million tons grading 2.4 per cent nickel, 1.3 per cent copper and 0.1 per cent cobalt, including production and reserves).
- The 14-square-kilometre Sedna project in the Seal Basin, where native copper nuggets up to 300 pounds have been collected, with Viridian generating a highlight channel sample of 3.7 metres at 5.3 per cent copper and 5.7 grams per ton of silver.
Viridian Metals stock (TSXV:VRDN) opened with a gain of 13.64 per cent trading at C$0.50 per share. The stock has added 47.06 per cent since inception in November 2024.
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(Top image: Viridian Metals)
