Viridian Metals Inc. has commenced trading of its common shares on the OTCQB Venture Market under the symbol "VIRMF" effective July 15, 2026. This strategic move extends the company's reach into the United States and improves access for U.S. investors to its copper-focused critical metals exploration portfolio in Labrador. The company's common shares will continue to be listed and traded on the Canadian Securities Exchange under the symbol "VRDN".

Trading on the OTCQB is designed to offer existing shareholders and prospective U.S. investors several practical advantages. These include trading in U.S. dollars during U.S. market hours through most U.S. online and full-service brokerage accounts. Additionally, shareholders gain access to enhanced market data, such as real-time Level 2 quotes via www.otcmarkets.com . The listing also aims to reduce trading restrictions and surcharges that some U.S. brokerages apply to lower-tier markets.

Capital Markets Strategy

Tyrell Sutherland, President and Chief Executive Officer of Viridian, stated that the commencement of trading on the OTCQB represents another milestone in the company's capital markets strategy. He believes the listing will improve awareness of the company, broaden the shareholder base, and complement the existing listing on the Canadian Securities Exchange as the exploration strategy is executed.

Depository Trust Company Eligibility

In connection with the OTCQB listing, Viridian has submitted an application for full-service Depository Trust Company (DTC) eligibility. Once granted, DTC eligibility will allow VIRMF shares to be held and transferred electronically between U.S. brokerage accounts. This complements the role played by the Canadian Depository for Securities (CDS) in Canada and reduces the cost and friction of cross-border trading and settlement. The company will issue a further news release upon confirmation that DTC eligibility has been obtained.

Listing Details

The OTCQB Venture Market is operated by OTC Markets Group Inc. and serves as a U.S. trading platform for developing and entrepreneurial companies. To qualify for and maintain a quotation on the OTCQB, issuers must be current in their financial reporting and complete an annual company verification and management certification process.

Viridian Metals Inc. has closed a non-brokered private placement of flow-through units for aggregate gross proceeds of $750,009 with a fund managed by Accilent Capital Management Inc. The financing, which closed on July 6, 2026, resulted in Accilent becoming a Control Person of the company. The proceeds will be used to incur eligible Canadian exploration expenses on the company's projects in Labrador.

Shareholder Meeting Results

At the annual general and special meeting held on June 22, 2026, shareholders approved all matters put before them. A total of 11,417,272 common shares were voted, all by proxy. The board of directors was fixed at five members, with Lee Bowles, Sebastien Charles, Stacie Clark, Alan Grujic, and Tyrell Sutherland re-elected. McGovern Hurley LLP was re-appointed as auditors.

The creation of Accilent as a Control Person was approved by disinterested shareholders. In accordance with Canadian Securities Exchange policies, 10,418,827 shares were excluded from voting on this resolution. The resolution was unanimously approved by the holders of the remaining 998,445 shares.

Private Placement Details

Under the private placement, the company issued 1,442,325 flow-through units at a price of $0.52 per unit. Each unit consisted of one flow-through share and one-half of one common share purchase warrant. The company issued 1,442,325 flow-through shares and 721,162 warrants. Each warrant entitles the holder to acquire one common share at an exercise price of $0.65 per share for 24 months from the date of issuance.

Regulatory and Control Person Status

The transaction constituted a related party transaction under Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority shareholder approval requirements. However, it sought and obtained approval from disinterested shareholders in compliance with Canadian Securities Exchange policies.

Following the closing, Accilent controls or directs over 11,861,152 common shares, representing approximately 21.33% of the issued and outstanding common shares on a non-diluted basis. On a partially diluted basis, this represents approximately 31.89%. In connection with the closing, the company paid finder's fees of $52,500 in cash and issued 100,963 share purchase warrants.