Mr. Victor Cantore reports
VISION LITHIUM OPTIONS RED BROOK PROPERTY TO OSISKO METALS
Vision Lithium Inc. has entered into an option agreement dated Sept. 9, 2026, with Osisko Metals Inc., pursuant to which the company has granted Osisko the exclusive option to acquire a 100-per-cent undivided interest in 181 mineral claim units totalling approximately 3,982 hectares located in the province of New Brunswick, known as the Red Brook property.
To exercise the option and acquire a 100-per-cent interest in the property, Osisko must:
- Make the following cash payments to the company:
- $100,000 on the effective date;
- $100,000 on or before the first anniversary of the effective date;
- $100,000 on or before the second anniversary of the effective date; and
- $100,000 on or before the third anniversary of the effective date;
- Issue the following common shares in the capital of Osisko to the company:
- 200,000 Osisko shares within one month of the effective date;
- $250,000 in Osisko shares on or before the first anniversary of the effective date;
- $250,000 in Osisko shares on or before the second anniversary of the effective date; and
- $250,000 in Osisko shares on or before the third anniversary of the effective date;
- Incur an aggregate of $600,000 in exploration work expenditures on the property as follows:
- $100,000 in exploration work expenditures on or before the first anniversary of the effective date;
- An additional $200,000 in exploration work expenditures on or before the second anniversary of the effective date; and
- An additional $300,000 in exploration work expenditures on or before the third anniversary of the effective date; and
- Enter into an assignment and assumption agreement with the company to assume the existing 2.0-per-cent net smelter return royalty in respect of the property in favour of the royalty holders Prospect Or Corp. and 9248-7792 Quebec Inc., one-half of which may be repurchased from the royalty holders for $1-million.
About Vision Lithium Inc.
Vision Lithium is a junior exploration company focused on exploring and developing high-quality mineral assets including lithium and copper in Canada. The company is led by skilled and qualified mineral exploration experts and business professionals with a deep understanding of the battery material market, which is driven by lithium-ion batteries. Vision Lithium completed a preliminary economic assessment on its Sirmac lithium project in 2023. The company is committed to discovering new, world-class assets and bringing these assets to production, starting with its advanced Sirmac lithium property in Quebec and Godslith lithium property located in Manitoba, and a group of base-metal-rich nickel-copper-cobalt and/or copper-zinc-silver-gold properties in eastern Quebec and New Brunswick.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.