Viridian Metals

What Viridian Metals does

Viridian Metals Corporation is a Canadian critical minerals exploration company headquartered in Ottawa, Ontario and listed on the Canadian Securities Exchange under ticker VRDN (CSE: VRDN), having previously been listed on the TSX Venture Exchange until February 2025. Founded in February 2022, the company controls approximately 2,600 km² of mineral claims in Labrador, making it the largest claim holder in Newfoundland and Labrador. Its portfolio centers on two flagship projects: the Kraken Copper-Nickel-Cobalt Project, a 185 km² magmatic sulfide system with a 5-kilometre Main Zone conductor where historical drilling has intersected grades up to 4.15% Cu and an airborne TDEM survey has identified over 800 near-surface anomalies; and the Sedna Copper-Silver Project, a 2,600 km² sediment-hosted copper-silver exploration target in the Seal Basin where native copper nuggets up to 300 pounds have been documented and where a February 2026 magnetotelluric survey confirmed basin-scale plumbing systems and copper-bearing chemical traps.

The company's exploration methodology combines deep-penetrating magnetotelluric (MT) imaging using Phoenix instrumentation over a 10,000-0.001 Hz frequency range, airborne Time-Domain Electromagnetic (TDEM) surveys, satellite imagery analysis, and systematic field mapping, executed in partnership with academic collaborator Dr. Simon Jones of iCRAG and drilling contractor Compass Exploration Group Ltd. A core proprietary asset is a custom-built person-portable mini-rig diamond drill weighing under 200 pounds, which reduces mobilization cost from over $100k to under $15k and set-up cost from over $25k to under $1k, enabling an estimated over 90% cost reduction per drill metre versus conventional methods. All claims are 100%-owned with no underlying royalties.

Viridian is pre-revenue and funds exploration entirely through capital markets — non-brokered private placements of flow-through units (priced $0.52-$0.75 per unit), charity flow-through units ($0.75), and hard dollar units ($0.50), supplemented by non-dilutive grants including three consecutive years of maximum $225,000 awards under Newfoundland and Labrador's Junior Exploration Assistance program and approximately US$500,000 from the BHP XPLOR 2025 accelerator program. The company is targeting near-surface bulk-tonnage open-pit copper-nickel-cobalt mineralization (100-200 Mt at 0.3-0.4% Cu-Ni-Co) and has scaled the 2026 drill program to 50 holes. Its principal customer base is institutional flow-through capital, with Pavilion Flow-Through L.P. (managed by Accilent Capital Management Inc.) becoming a Control Person at 20.84% on a non-diluted basis following the May 2026 private placement.

Name

Viridian Metals

Legal name

Viridian Metals Corporation

Website

https://viridianmetals.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Viridian Metals is a Canadian pre-revenue critical minerals exploration company (CSE: VRDN) controlling over 2,600 km² in Labrador through its flagship Kraken Copper-Nickel-Cobalt and Sedna Copper-Silver projects, using magnetotelluric surveys, TDEM, and a proprietary person-portable drill rig to target copper for the energy transition.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Metal Ore Mining (2122)

SIC

Metal Mining (1000)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Copper Mine Engineering, EPC & Expansion Projects (IMAKADAM)

Keywords

• Mineral exploration services
• Critical metals discovery
• Copper nickel exploration
• Generative exploration
• Mineral resource development

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Capital Raising / Equity Financing: Pre-revenue exploration stage company. Primary revenue model is raising capital through private placements of flow-through shares, charity flow-through units, and hard dollar units. Proceeds fund exploration activities and working capital. No product revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Viridian Metals is a pre-revenue critical minerals exploration company that identifies, acquires, and advances copper, nickel, cobalt, and silver projects in Labrador, Canada. Its two flagship assets are the Kraken Copper-Nickel-Cobalt Project (185 km² magmatic sulfide system) and the Sedna Copper-Silver Project (2,600 km² sedimentary-hosted basin). The company applies proprietary person-portable drilling technology, magnetotelluric and airborne TDEM geophysics, and mineral systems modeling to generate drill-ready targets for eventual resource delineation.

Product overview

Viridian Metals is a Canadian critical metals exploration company offering two flagship exploration projects in Labrador: the Kraken Copper-Nickel-Cobalt Project (185km² magmatic sulfide system with up to 4.15% Cu grades) and the Sedna Copper-Silver Project (2,600 km² sedimentary-hosted copper basin). Both projects focus on critical metals essential for the energy transition, with Kraken targeting near-surface bulk tonnage mineralization and Sedna exploring basin-scale copper potential analogous to major global copper districts.

Differentiator

Problem solved

Functional benefit

Products and services

• Kraken Copper-Nickel-Cobalt Project A 185 km² magmatic sulfide copper-nickel-cobalt exploration project in Labrador featuring a 5-kilometre Main Zone conductor with identified copper grades up to 4.15% Cu. Historical drilling by Noranda/Kennecott and Teck Resources established near-surface mineralization; airborne TDEM surveys have identified over 800 electromagnetic anomalies. The project is 100% owned by Viridian with no underlying royalties and is the primary target for the company's 2026 50-hole drill program.
• Sedna Copper-Silver Project A 2,600 km² sedimentary-hosted copper-silver exploration project in the Seal Basin of Labrador's Central Mineral Belt, with native copper nuggets up to 300 lbs documented and high-grade samples along the 3.6 km Whiskey Lake Shear. Magnetotelluric (MT) survey work has confirmed basin-scale plumbing systems and copper-bearing chemical traps, with exploration informed by sediment-hosted copper expertise via iCRAG's Dr. Simon Jones. The project is 100% owned with no underlying royalties and is being explored at basin scale comparable to major global copper districts.

Quantifiable outcome

• 4.15% Cu grade from historical drilling intercepts at Kraken
• +4 more outcomes

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Outside The Box Capital Inc.minorGTM or Marketing Partner · 15 April 2026Marketing services agreement effective April 15, 2026 for six-month term through October 15, 2026. OTB Capital provides digital marketing and investor awareness services across Reddit, Discord, Stocktwits, Yahoo Finance, X (Twitter), Telegram, and YouTube. Compensation: C$150,000 in cash fees and 250,000 stock options.
• iCRAG (Irish Centre for Research in Applied Geosciences)coreStrategic or Co-development PartnerAcademic partnership with Dr. Simon Jones, sediment-hosted copper specialist at iCRAG, for systematic exploration of Sedna Project. Dr. Jones brings 20 years of global experience from Zambian Copperbelt, Kazakhstan, and Poland's Kupferschiefer. Partnership provides scientific rigor and mineral systems thinking approach to exploration. Field program conducted over five weeks across seven remote field camps.
• Compass Exploration Group Ltd.coreStrategic or Co-development PartnerContract drilling partner providing the custom person-portable Mini-Rig diamond drill for near-surface exploration at Kraken. Partnership enables low-impact drilling with 90%+ cost reduction vs conventional methods. Compass built the custom drill in partnership with Viridian and operates the rig in the field. Led field programs including seven remote camps at Sedna.
• ICP Securities Inc.minorGTM or Marketing PartnerMarket making services agreement effective April 24, 2025 for automated liquidity provision using proprietary ICP Premium algorithm. Monthly fee of C$7,500. Initial term of four months, automatically renewed monthly unless terminated. Supports CSE listing compliance and share liquidity.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Vale S.A. Global mining major and operator of the Voisey's Bay nickel-copper-cobalt mine in Labrador — the geological and infrastructure analogue that frames Viridian's exploration upside and exit potential.
• Lundin Mining Corporation: Mid-tier Canadian copper-nickel-zinc producer with operations globally including the Eagle mine (Michigan) — a high-grade magmatic Ni-Cu deposit analogous to Viridian's Kraken target.
• Hudbay Minerals Inc: Canadian mid-tier copper-gold producer with operations in Manitoba and Peru. Provides the closest 'what success looks like' benchmark for a Canadian copper-focused company graduating from explorer to producer.
• BHP Group Limited: Global diversified miner and the operator of the XPLOR accelerator. Represents the strategic acquirer profile for any Tier-1 discovery Viridian makes in Labrador and the validation benchmark for the exploration thesis.

Direct peers

• Arizona Metals Corp: TSX-listed copper-gold explorer advancing the Kay Mine project in Arizona. Comparable as a pre-resource copper-focused junior raising capital through flow-through placements to fund large drill programs.
• FPX Nickel Corp: Canadian critical minerals (nickel) exploration company focused on the Decar project in BC. Comparable as a Canadian-listed junior exploring for battery/EV-critical metals with similar flow-through financing structure.
• Faraday Copper Corp: Canadian copper-focused junior exploration company advancing copper projects in North America. Directly comparable as a pre-resource copper developer with similar capital-raising strategy and target end-market.
• Hercules Silver Corp: Copper-silver exploration junior with the Hercules project in Idaho. Comparable as a North American copper-focused explorer at a similar stage with comparable claim-area scale and drill program structure.
• Power Nickel Inc: Junior Ni-Cu-Co-PGE explorer with the Nisk project in Quebec. Closely matches Viridian's magmatic sulphide copper-nickel-cobalt focus and Canadian Tier-1 jurisdiction profile.
• Transition Metals Corp: Canadian junior explorer focused on critical minerals (copper, nickel, PGE) across multiple Ontario projects. Comparable as a Canadian critical-minerals explorer using flow-through financings and partner-funded exploration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viridian Metals