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VANCOUVER, BC, Jan. 7, 2025
/CNW/ - Viridian Metals Inc. (TSXV: VRDN) is excited to announce
its selection as one of only eight companies chosen to participate
in BHP's prestigious 2025 Xplor program. The rigorous selection
from hundreds of applicants is a strong affirmation of the hard
work and dedication of Viridian's team.
Selection for BHP Xplor provides Viridian with
- A one-time, non-dilutive grant of approximately US$500,000 to accelerate Viridian's exploration
plans over the first six months of the program.
- Access to BHP's extensive global networks, technical expertise,
and strategic partnerships, all essential for accelerating
exploration.
Viridian's participation in BHP Xplor will accelerate
geological concept build-out and exploration timeframe for
Viridian's copper targets. Viridian will use the grant to integrate
large data sets to define the first data driven widespread
geological models for copper targets in our areas of
interest. There are no obligations or commitments on Viridian
beyond the conclusion of the BHP Xplor program, other than certain
pre-emption rights that may apply in certain circumstances.
The BHP Xplor program was established in 2023 to support
promising minerals explorers to accelerate the exploration needed
to support the energy transition. Over a six-month program period,
BHP Xplor targets development of technical, business and
operational excellence within participating companies.
Tyrell Sutherland, President and
CEO of Viridian comments: "This opportunity is a strong endorsement
of Viridian's generative exploration strategy, which brings modern
exploration methods to underexplored regions. BHP's recognition
highlights the importance of opening new jurisdictions to discover
the deposits that will drive the green transition. We are eager to
collaborate with such an innovative industry leader whose
forward-thinking approach aligns with our mission to push the
boundaries of modern exploration."
BHP's Head of Xplor, Marley Palin, congratulated Viridian
saying: "The field of applicants for BHP Xplor was extremely strong
this year. Successful applicants had to demonstrate not only that
their critical-mineral projects were highly prospective but also
that they were committed to pushing industry boundaries in their
geological concepts and data-gathering, testing and processing to
realise the project. Viridian more than met these criteria and we
look forward to working closely with Viridian to advance their
innovative exploration efforts."
About Viridian Metals
Viridian Metals is a leader in generative metal exploration with
a focus on environmental responsibility and ethical practices.
Founded to discover new critical metals deposits capable of
transforming supply chains, we leverage innovative technologies and
methods to enhance efficiency and sustainability in jurisdictions
leading the energy transition. Viridian maintains expertise in a
range of critical metals with a primary focus on copper, nickel and
cobalt in the near term. Viridian's commitment to environmental
responsibility and ethical practices ensures that its projects
contribute meaningfully to the green transition, creating
sustainable value for all stakeholders.
The technical information in this press release has been
reviewed and approved by Mr. Tyrell
Sutherland M.Sc., P.Geo., a "qualified person"
as defined in National Instrument 43-101 - Standards of
Disclosure for Mineral Projects.
Cautionary Statement Regarding Forward Looking
Information
This news release contains statements which constitute
"forward-looking information" within the meaning of applicable
securities laws, including statements regarding the plans,
intentions, beliefs and current expectations of the Company with
respect to future business activities and operating
performance.
Often, but not always, forward-looking information can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or statements
formed in the future tense or indicating that certain actions,
events or results "may", "could", "would", "might" or "will" (or
other variations of the forgoing) be taken, occur, be achieved, or
come to pass. Forward-looking information includes, but is not
limited to, information regarding: (i) the potential for
mineralization at the Company's mining properties including the
Kraken Project (ii) the plans and expectations of the Company; and
(iii) expectations in respect of other economic, business, and/or
competitive factors.
Forward-looking information is based on currently available
competitive, financial and economic data and operating plans,
strategies or beliefs as of the date of this news release, but
involve known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, performance or
achievements of the Company, to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. Such factors may be based on
information currently available to the Company, including
information obtained from third-party industry analysts and other
third-party sources, and are based on management's current
expectations or beliefs. Any and all forward-looking information
contained in this news release is expressly qualified by this
cautionary statement.
Investors are cautioned that forward-looking information is
not based on historical facts but instead reflect management's
expectations, estimates or projections concerning future results or
events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are
made. Forward-looking information reflects the Company's current
beliefs and is based on information currently available to it and
on assumptions it believes to be not unreasonable in light of all
of the circumstances. In some instances, material factors or
assumptions are discussed in this news release in connection with
statements containing forward-looking information. Such material
factors and assumptions include, but are not limited to the factors
set forth in the Company's Filing Statement dated October 28, 2024 under the caption "Risk
Factors". Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
information, there may be other factors that cause actions, events
or results to differ from those anticipated, estimated or
intended.
Forward-looking information contained herein is made as of
the date of this news release and, other than as required by law,
the Company disclaims any obligation to update any forward-looking
information, whether as a result of new information, future events
or results or otherwise. There can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Should one or
more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking information prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or
expected.
SOURCE Viridian Metals