Viridian Metals says it has become the largest claim holder in Newfoundland and Labrador

Sedna project in Labrador. Image from Viridian Metals.

Viridian Metals (TSXV: VRDN) announced Friday it has expanded its land position in Canada’s Labrador through staking, securing 2,600 km² of the prospective Seal Basin.

This newly acquired claim package contains over 70 documented copper occurrences, the majority of which remain unexplored. With this acquisition, Viridian said it is now the largest claim holder in Newfoundland and Labrador.

“This large project area is a testament to the exceptional geological potential we see in Labrador,” Viridian Metals CEO Tyrell Sutherland said in a news release.

“The area we’ve secured offers a wealth of exploration opportunities. We are excited to accelerate our work in such a highly prospective region and believe it has the capacity to deliver significant value as we seek to discover the extent [of] its mineral wealth.”

The region is believed to host promising geological formations conducive to copper concentration. Viridian believes the newly acquired claims will bolster its ability to implement large-scale exploration initiatives, defining high-priority zones through preliminary data analysis.

The copper occurrences are documented in the Geological Survey of Newfoundland and Labrador’s Mineral Occurrence Data System (MODS) recorded during mapping programs in the 1960s, 70s and 2010s.

Viridian holds the Kraken project in Labrador, an area that spans 185 km² and the site of historical work by Noranda/Kennecott and Teck Resources, and the Sedna project.

This month, Viridian was chosen by BHP from hundreds of global applicants to participate in its 2025 Xplor accelerator program.

By market close in Toronto Friday, Viridian’s stock was up over 11%. The company has a C$24.3 million market capitalization.

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