Viridian Metals closes non-brokered private placement

VANCOUVER, British Columbia, July 07, 2026 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (CSE: VRDN) (“Viridian” or the “Company”) is pleased to announce the voting results from its annual general and special meeting of shareholders held on June 22, 2026 (the “ Meeting ”), and the closing of its previously announced non-brokered private placement of flow-through units (the “ Private Placement ”) with a fund managed by Accilent Capital Management Inc. (“ Accilent ”), for aggregate gross proceeds of $750,009. Annual General and Special Meeting Results A total of 11,417,272 common shares of the Company were voted at the Meeting, all by proxy. The Chairperson confirmed that a quorum was present and that the Meeting was properly constituted for the transaction of business.

Shareholders approved all matters put before the Meeting, as follows: The number of directors of the Company was fixed at five (5), and Lee Bowles, Sebastien Charles, Stacie Clark (known as Stacie Jones), Alan Grujic and Tyrell Sutherland were each re-elected as directors of the Company to hold office until the next annual meeting of shareholders. McGovern Hurley LLP was re-appointed as auditors of the Company for the ensuing year, and the directors were authorized to fix their remuneration. The creation of Accilent as a new “Control Person” of the Company, as such term is defined in the policies of the Canadian Securities Exchange (the “ CSE ”), resulting from the Private Placement, was approved by the disinterested shareholders of the Company.

In accordance with the policies of the CSE, 10,418,827 shares were excluded from voting on this resolution as a result of Accilent’s interest in the outcome, and the resolution was unanimously approved by the holders of the remaining 998,445 shares represented at the Meeting. Closing of Private Placement Further to its news release dated May 14, 2026, the Company is pleased to announce that, following receipt of all required approvals – including the approval of disinterested shareholders at the Meeting described above – it has closed the Private Placement effective July 6, 2026. “We are pleased to have completed this financing and to welcome Pavilion’s increased support of Viridian,” said Tyrell Sutherland, President and Chief Executive Officer of Viridian. “This capital allows us to continue advancing our copper-focused exploration program in Labrador, and we thank our shareholders for their support at the Meeting.” Under the Private Placement, the Company issued 1,442,325 flow-through units of the Company (the “ Units ”) at a price of $0.52 per Unit, for aggregate gross proceeds to the Company of $750,009. Each Unit is comprised of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (a “ FT Share ”), and one-half of one common share purchase warrant (each whole warrant, a “ Warrant ”), with each Warrant entitling the holder to acquire one common share of the Company at an exercise price of $0.65 per share for a period of 24 months from the date of issuance.