Welcome to our dedicated page for VIOR news (Ticker: VIORF), a resource for investors and traders seeking the latest updates and insights on VIOR stock.
VIOR INC. (VIORF) is a Quebec-based junior mining exploration corporation that focuses on generating, exploring, and developing high-quality projects in North America. With a strategic focus on Quebec, VIOR's management and technical team have a proven track record of discovering gold deposits and high-quality mineral prospects. The company is rapidly advancing its flagship Belleterre Gold Project, Belleterre Lithium Project, and Skyfall Nickel project. Recent achievements include the issuance of common shares to Osisko Mining Inc. to satisfy an anniversary payment obligation and the acquisition of two mining concessions for the Belleterre Gold Project. VIOR is committed to sound financial management, maximizing value for shareholders, and executing a significant drill program to advance its projects.
Vior Inc. has released preliminary results from its global data compilation program at the Belleterre Gold project, located in Quebec's Abitibi-Témiscamingue region. The program aims to identify high-potential drill targets based on historical data dating back to 1936. Initial findings indicate a significant high-grade gold presence extending over 12 km. Furthermore, the research identified new multi-kilometre gold structures, enhancing the project's exploration potential. The project covers 1,017 claims over 57,220 hectares and aims to capitalize on the historic gold production of over 750,000 oz from 1936 to 1959.
Vior Inc. has announced the grant of incentive stock options for a total of 2,710,000 common shares to employees, directors, officers, and consultants. These options, part of Vior's stock option plan, have an exercise price of $0.145 per share and are valid for 5 years. The vesting schedule consists of 1/3 becoming exercisable on the grant date, with additional 1/3 vesting on each of the first and second anniversaries of the grant. Vior is focused on generating and developing projects in favorable mining jurisdictions in North America.
Vior Inc. announced the identification of multiple high-potential targets for lithium and other strategic metals around its Belleterre Gold Project in Quebec. Following an extensive exploration review, Vior has staked an additional 466 claims, expanding its land to over 26,820 hectares. The Belleterre region is recognized for its historical gold production and emerging lithium potential, with proximity to the advanced Tansim Lithium Project. With significant exploration potential, Vior aims to enhance shareholder value while maintaining its focus on gold discovery. Fieldwork is expected to begin in Spring 2023.
VIOR Inc. has signed a Letter of Intent (LOI) with SOQUEM Inc. regarding its Skyfall Nickel project in the Abitibi Greenstone Belt, Quebec. The LOI outlines SOQUEM's option to acquire a 50% interest in the project, contingent upon financing exploration work totaling $2.5 million and making cash payments of $350,000 over two years. VIOR will retain operational control. This partnership highlights significant potential for nickel deposits and aims to enhance financial stability for VIOR while advancing its broader exploration efforts.
Vior Inc. has announced that its Annual Meeting of Shareholders will be held on December 7, 2022, at 11:00 a.m. Eastern time via Zoom. Due to technical issues, individual confirmation emails will not be sent to registered shareholders. Attendees are advised to log in by 10:45 a.m. to ensure a smooth process. Vior is a junior mining exploration company focused on developing quality projects in North America, with a history of discovering gold deposits. For more information, contact Vior's executives.
Vior Inc. has announced updates on property transactions with Osisko Mining Inc. regarding the Blondeau-Guillet and Skyfall Properties. The company issued 625,000 common shares to Osisko for the Blondeau-Guillet gold property and amended the Option Agreement to allow for the issuance of up to 789,474 shares over three years for a total of $225,000. Vior also issued 107,142 shares to Osisko for the acquisition of 83 claims adjacent to the Skyfall project. Additionally, Vior amended its stock option plan, increasing shares issuable to 9,184,000, pending TSXV approval.
Vior Inc. announced promising results from its Belleterre gold project in Quebec, indicating strong high-grade gold potential. Recent samples collected during the Summer 2022 program confirm significant mineralization near the Lac Paradis area, expanding its footprint by 250m. Vior's CEO emphasized confidence in the exploration potential of the region, highlighting the addition of Mr. Ben Cleland as Senior Exploration Manager to enhance the team. The project spans 30,258 hectares, with historical production exceeding 750,000 oz of gold. Further exploration details will follow.
Vior Inc. has entered a Purchase Agreement with Osisko Mining Inc. to acquire 83 claims spanning approximately 4,682 hectares next to its Skyfall project. This acquisition will involve the issuance of 107,142 common shares of Vior. The claims are subject to a 1% Net Smelter Return royalty linked to a previous deal with Osisko Gold Royalties Ltd. The transaction awaits regulatory approval from the TSX Venture Exchange and includes a four-month hold period on the shares. The deal qualifies as a related party transaction but is exempt from formal valuation requirements.
Mark Fedosiewich, President and CEO of Vior Inc., announced the acquisition of 50,000 units at $0.13 per unit on July 29, 2022, through a private placement. Each unit consists of one common share and half a purchase warrant exercisable at $0.21 over 30 months. After the transaction, Fedosiewich holds 8,866,000 shares, representing 9.66% of the company, with potential ownership rising to 12.36% on a partially-diluted basis. This acquisition is part of an investment strategy, with potential for future market transactions.
VIOR INC. has completed the second closing of its financing, raising $508,950 through the issuance of 3,915,000 units at $0.13 per unit. This brings the total gross proceeds to $1,133,940. Each unit includes a common share and a half warrant, allowing the purchase of additional shares at $0.21 for 30 months. Two Quebec-based institutional funds participated in this closing. Proceeds will support exploration work in Quebec and general corporate purposes. Insiders participated with an exemption from formal valuation.
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