Viridian Metals Inc. (CSE: VRDN) is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement of Charity Flow-Through Units, Flow-Through Units, and Hard Dollar Units.

The Company previously closed a first tranche of the Offering announced by press release dated May 14, 2025 for gross proceeds of $1,449,265.

The Company has today closed the Final Tranche for additional gross proceeds of $638,367 for total gross proceeds received pursuant to the Offering of $2,087,632.

Final Tranche Closing

The Final Tranche closing includes the issuance of:

• • 833,345 “Flow-Through Units” at $0.60 per unit for gross proceeds of $500,007
    • Each Flow-Through Unit is comprised of one “flow-through” common share and one-half warrant exercisable at $0.75exercisable until June 4, 2028

• •  276,720 “Hard Dollar Units” at $0.50 per unit for gross proceeds of $138,360
    • Each Hard Dollar Unit is comprised of one common share and one full warrant exercisable at $0.75 exercisable until May 13, 2028

The warrants issued in respect of the Hard Dollar Units contain an acceleration provision whereby the Company may accelerate the expiry date of such warrants, by giving 60 days notice, if the Company’s shares trade a volume weighted average price of $1.50 or more for 21 consecutive trading days. The warrants issued in respect of the Flow-Through Units do not contain such acceleration provision.

As a result of the closing of the Final Tranche the Company has issued an additional 1,110,065 common shares (833,345 of which are designated as “flow-through shares” as defined in the Income Tax Act (Canada)) and 693,392 warrants each exercisable at $0.75 until June 4, 2028.

In connection with the closing of the Final Tranche, the Company paid a finder’s fee of $35,000 in cash, representing 7% of the proceeds raised from subscribers introduced by the finder, and issued 29,167 finder warrants. Each Finder Warrant entitles the holder to purchase one common share at an exercise price of $0.75 until May 13, 2028, with no acceleration provision attached.

Including both the First Tranche and the Final Tranche, the Company, pursuant to the Offering, issued a total of 3,295,195 common shares (2,300,345 of which are designated as “flow-through shares” as defined in the Income Tax Act (Canada)) and 2,874,189 warrants (inclusive of the Finder’s Warrants) each exercisable at $0.75.

Use of Proceeds

The gross proceeds raised through the issuance of Flow-Through Units and Charity Flow-Through Units must be used by the Company to incur eligible Canadian exploration expenses that qualify as “flow-through critical mineral mining expenditure” within the meaning of the Income Tax Act (Canada) at the Company’s Labrador mining projects. The applicable expenditures will be renounced to subscribers to the Flow-Through Units and Charity Flow-Through Units with an effective date on or before December 31, 2025. Funds will support surface geochemistry, geophysics, and drill targeting. Proceeds from the Hard Dollar Units will be used for general working capital and corporate purposes.

CEO Commentary

Tyrell Sutherland, President & CEO of Viridian Metals, commented:

“With the completion of this oversubscribed financing, we’ve secured the resources needed to aggressively advance exploration across our Labrador projects. This funding ensures continuity, supports strategic drilling decisions, and allows us to build on the momentum we’ve created. Viridian is well positioned for a transformational field season.”

Closing & Regulatory Notes

All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws, being September 14, 2025 in respect of those securities issued in the First Tranche and October 5, 2025 in respect of those securities issued in the Final Tranche.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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. Viridian’s commitment to environmental responsibility and ethical practices ensure that its projects contribute meaningfully to the green transition, creating sustainable value for all stakeholders.