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VISIBLE GOLD MINES RECEIVED FINAL PAYMENT FOR PROJECT SALE

MWN-AI** Summary

Visible Gold Mines Inc. (TSXV: VGD), a Canadian mining exploration company, recently announced the successful completion of a financial transaction involving the sale of its exploration projects to Fokus Mining Corp. The final cash payment of $750,000 represents the last installment for the aforementioned sale, bringing the total cash payments from Fokus to $1.5 million. In addition, Visible Gold received 10 million shares of Fokus Mining, which are now valued at approximately $2.1 million following the lifting of a 4-month hold period.

This transaction underscores Visible Gold Mines' strategic shift towards bolstering its financial standing while focusing on its core activities in the resource-rich regions of Québec. Specifically, the company is concentrated on gold mining in the Abitibi Gold Belt and lithium exploration in the James Bay area.

The corporation's recent Annual and Special Meeting of Shareholders, held on December 22, 2025, re-elected key directors including Martin Dallaire, who has been reinstated as President and CEO, along with Véronique Laberge as CFO. The shareholders also ratified the stock option plan and confirmed Raymond Chabot Grant Thornton LLP as the company’s auditors.

As of now, Visible Gold Mines has 37,155,164 common shares outstanding, and with this robust financial activity, the company appears to be positioning itself favorably within the sector. The transaction with Fokus Mining is a positive step forward, contributing to the company’s growth strategy and shareholder confidence.

For more information about Visible Gold Mines, visit their website at www.visiblegoldmines.com.

MWN-AI** Analysis

Visible Gold Mines Inc. (TSXV: VGD) recently announced the receipt of the final cash payment of $750,000 related to the sale of its exploration projects to Fokus Mining Corp. This marks a significant milestone for the company as it transitions from active exploration to focusing on development and potential revenue generation, fueled by the substantial cash inflows totaling $1.5 million from the project sale.

Furthermore, the 10 million shares of Fokus Mining, now valued at approximately $2.1 million, add a strategic asset to Visible Gold Mines’ portfolio. With the shares having recently become free from the initial holding period, the company is now in a position to leverage its equity holdings, either by selling at opportune market conditions or holding for a longer-term gain as Fokus Mining develops its own assets.

Investors should consider several factors when analyzing Visible Gold Mines as a potential investment opportunity. First, the company’s strategic focus on the Abitibi Gold Belt provides a strong backdrop, given the region's historical richness in gold production. This focus, coupled with their interests in lithium in the James Bay area, positions the company favorably in light of the growing demand for battery metals.

Moreover, the recent annual meeting reaffirmed the leadership team, which provides stability and continuity in strategy execution. The reappointment of experienced directors signifies confidence in management’s understanding of market dynamics and operational challenges.

While the recent asset liquidation improves liquidity, investors should monitor future developments in the gold and lithium markets, as well as Fokus Mining’s activities, which could impact the valuation of its shares. Overall, Visible Gold Mines may present a promising opportunity for investors looking to capitalize on the potential upside associated with gold and lithium projects in a robust market environment.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Canada Newswire

Canada NewsWire

ROUYN-NORANDA, QC, Jan. 15, 2026 /CNW/ - Visible Gold Mines Inc. (TSXV: VGD) is pleased to announce that the Corporation received the final cash payment of $750,000.  In consideration for the sale of exploration projects to Fokus Mining Corp., the Corporation received an initial cash payment of $750,000 in September 2025 and 10 million shares of Fokus Mining valued as of today at $2.1 millions. The second cash payment of $750,000 is now received and the 10,000,000 shares of Fokus are now free from the 4-month hold period.

Annual and Special Meeting of Shareholders

Visible Gold held its annual and special meeting on December 22, 2025 (the "Meeting"). At the Meeting, the shareholders elected Martin Dallaire, Pierre Vézina and Joel Gagné as directors of the Corporation.  Following the Meeting, the Board of Directors of the Corporation re-appointed Martin Dallaire as President and Chief Executive Officer of the Corporation and Véronique Laberge as Chief Financial Officer of the Corporation. In addition, shareholders also approved resolutions ratifying and confirming the Corporation's stock option plan and re?appointing Raymond Chabot Grant Thornton LLP, Chartered Professional Accountants, as the auditor of the Corporation.

About Visible Gold Mines

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Website: www.visiblegoldmines.com 

 

SOURCE Visible Gold Mines Inc.

View original content: http://www.newswire.ca/en/releases/archive/January2026/15/c1166.html

FAQ**

How does the final payment received from Fokus Mining Corp. impact the financial outlook for Visible Gold Mines Inc. VGD:CC moving forward?

The final payment from Fokus Mining Corp. enhances Visible Gold Mines Inc.'s liquidity, potentially improving its financial outlook by enabling further exploration and development projects, while also signaling confidence in its asset value.

With the completion of the project sale, what are Visible Gold Mines Inc. VGD:CC's plans for utilizing the cash and shares obtained from Fokus Mining Corp.?

Visible Gold Mines Inc. plans to utilize the cash and shares obtained from Fokus Mining Corp. to further their exploration efforts, strengthen their balance sheet, and invest in strategic projects to enhance shareholder value and drive future growth.

What strategic advantages does the sale of exploration projects provide to Visible Gold Mines Inc. VGD:CC in the current market environment?

The sale of exploration projects provides Visible Gold Mines Inc. VGD:CC with immediate liquidity, reduces operational risks, enables strategic focus on high-potential assets, and enhances investor confidence in a competitive market environment.

How might the changes in the Board of Directors following the recent annual meeting influence the strategic direction of Visible Gold Mines Inc. VGD:CC?

The changes in the Board of Directors at Visible Gold Mines Inc. may lead to a strategic pivot focusing on new growth opportunities, innovative exploration techniques, and enhanced stakeholder engagement, ultimately shaping the company's future initiatives and market positioning.

**MWN-AI FAQ is based on asking OpenAI questions about Visible Gold Mines Inc. (TSXVC: VGD:CC).

Visible Gold Mines Inc.

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