Vior Inc - VIORF STOCK NEWS

Vior Inc. provides an update on its Summer 2023 field exploration programs across its three key projects: Belleterre Gold Project, Belleterre Critical Minerals Project (Lithium), and Skyfall Nickel Project. The temporary restrictions caused by forest fires have been lifted, allowing the exploration work to continue. Vior's proactive approach has averted potential downtime. The field work includes stripping, channel sampling, and backpack drilling at the Belleterre Gold Project, reconnaissance program for lithium-bearing pegmatites at the Belleterre Critical Minerals Project, and large-scale field reconnaissance program at the Skyfall Nickel Project. Vior will also provide a comprehensive technical update in the future.

Vior Inc. has completed a non-brokered private placement, raising $2.5 million through the issuance of 5,042,017 flow-through common shares at $0.2975 each for critical minerals exploration and 3,883,495 flow-through common shares at $0.2575 each for mining expenditures. Osisko Mining Inc. acquired 6,983,765 common shares, raising its ownership to approximately 13.63% of Vior. The funds will support exploration in Quebec, particularly for the Belleterre Gold and Lithium projects. The securities are subject to a four-month hold period, expiring on July 31, 2023.

Vior Inc. (OTCQB: VIORF) announced a Definitive Option and Joint Venture Agreement with SOQUEM Inc. for the Skyfall Nickel project in Quebec. This agreement allows SOQUEM to acquire a 50% interest in the project, with exploration financing commitments of $2.5 million over two years and cash payments totaling $350,000. Vior will lead operations while benefiting from SOQUEM's financial backing. The Skyfall project has considerable potential for nickel deposits, covering 53,864 ha and is strategically situated in a region known for valuable mineralization. This partnership enhances Vior's financial strength and focuses resources on exploration efforts.

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.