Viridian Metals closes non-brokered private placement; names market maker

OTTAWA, Ontario, Sept. 04, 2026 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (CSE: VRDN, OTCQB: VIRMF) ( “Viridian” or the “Company” ) is pleased to announce that, further to its news release dated August 24, 2026, it has closed its previously announced non-brokered private placement of units of the Company (the “Private Placement” ), for aggregate gross proceeds to the Company of $1,045,466.55.

Under the Private Placement, the Company issued 2,323,259 units of the Company (each, a “Unit” ) at a price of $0.45 per Unit. Each Unit is comprised of one common share of the Company (a “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 $0.60 per share for a period of 24 months from the date of issuance. The Company has therefore issued 2,323,259 Shares and 1,161,629 Warrants. The Private Placement closed effective September 4, 2026.

"Our financings to date have been focused on advancing our projects on the ground,” said Tyrell Sutherland, President and Chief Executive Officer of Viridian. “This financing strengthens our hard-dollar treasury as we enter an active period for the Company. With drilling continuing at Kraken and a steady flow of results ahead, we intend to enhance Viridian’s visibility and better communicate the results of our work."

The offering price of the Units was established in accordance with the policies of the Canadian Securities Exchange (the “CSE” ). The Units were issued pursuant to available exemptions from the prospectus requirements under applicable Canadian securities laws. The Private Placement remains subject to the final acceptance of the CSE.

In connection with the closing of the Private Placement, the Company paid finder’s fees of $31,903.20 in cash and issued 70,895 finder’s warrants (the “ Finder’s Warrants ”) to certain finders engaged in connection with the Private Placement, in accordance with the policies of the CSE. Each Finder’s Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.60 per share for a period of 24 months from the date of issuance.

All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. The securities issued under the Private Placement are also subject to an Exchange Hold imposed in accordance with section 6.1(4) of CSE Policy 6 – Distributions & Corporate Finance.

Related Party Transaction and MI 61-101 Disclosure

Certain insiders of the Company, including one director, subscribed for an aggregate of 371,133 Units under the Private Placement, for aggregate gross proceeds of $167,009.85, representing approximately 15.97% of the Private Placement. Such participation constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ( “MI 61-101” ).