03:23:16 EST Thu 05 Feb 2026
Enter Symbol
or Name
USA
CA



Visible Gold Mines Inc (2)
Symbol VGD
Shares Issued 37,155,164
Close 2026-02-04 C$ 0.19
Market Cap C$ 7,059,481
Recent Sedar+ Documents

Visible Gold, optionee SPOD end Megali option deal

2026-02-04 18:45 ET - News Release

Mr. Martin Dallaire reports

VISIBLE GOLD MINES ANNOUNCES TERMINATION OF MEGALI OPTION AGREEMENT ADJACENT TO PMET RESOURCES HIGH GRADE LITHIUM AND CAESIUM DISCOVERIES IN THE JAMES BAY REGION

Visible Gold Mines Inc. has noted that SPOD Lithium has agreed to terminate its option agreement, originally announced on Aug. 4, 2022. Under this mineral option agreement, SPOD had the option to acquire a 50-per-cent undivided interest in the MegaLi property. The MegaLi property comprised a total of 78 mining claims covering a total area of 40 square kilometres and is located in the James Bay region in the province of Quebec.

The MegaLi property remains a significant asset for Visible Gold Mines. Since the signature of the option agreement with SPOD Lithium in 2022, PMET Resources has worked tirelessly on their adjacent Shaakichiuwaanaan project, and has made several new lithium and caesium discoveries. Additionally, the CV13 pegmatite located less than two kilometres from Visible Gold Mines' MegaLi project now hosts the world's largest pollucite-hosted caesium pegmatite mineral resource at the Rigel and Vega zones with 0.69 Mt (million tonnes) at 4.40 per cent Cs2O (indicated), and 1.70 Mt at 2.40 per cent Cs2O (inferred) (see PMET news release dated Dec. 14, 2025).

Over all, SPOD Lithium has paid Visible Gold Mines $175,000, issued 2,375,000 SPOD common shares and has carried out work on the property (78 mining titles) totalling $1,162.529. Each party has released the other from any liability or further obligation under the agreement.

About Visible Gold Mines Inc.

Visible Gold Mines is a corporation focused on gold in the prolific Abitibi gold belt and the James Bay region in the province of Quebec. Visible Gold Mines has 37,155,164 common shares outstanding.

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