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Visible Gold Mines to acquire 250 sq km Sakami gold project in Quebec for 4,000,000 shares, 1% NSR royalty

PUBT·05/27/2026 11:30:59
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Visible Gold Mines to acquire 250 sq km Sakami gold project in Quebec for 4,000,000 shares, 1% NSR royalty
  • Visible Gold Mines entered an agreement on May 26, 2026 to acquire 100% of the 250 km² Sakami Gold Project in Québec from Morocco Strategic Minerals.
  • Consideration: 4,000,000 common shares at closing, a 1% NSR royalty, repurchasable for $1 million.
  • Asset spans 475 claims in the James Bay region near the Éléonore mine, positioned between Lux Metals’ La Grande and Fury Gold’s La Pointe projects.
  • Project has more than $5 million in historical exploration spending, limited drilling, several mineralized zones, and a stated polymetallic signature.
  • Closing remains subject to regulatory clearance, including TSX Venture Exchange approval.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Visible Gold Mines Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605270730BIZWIRE_USPR_____20260527_BW810179) on May 27, 2026, and is solely responsible for the information contained therein.