Viridian Metals is a pioneer and leader in generative metal exploration with a focus on environmental responsibility and ethical practices. Founded with the vision of transforming the metal supply chain to provide ethically sourced metals. We leverage innovative technologies and methods to enhance efficiency and sustainability in jurisdictions eager to be leaders in supplying the energy transition. We specialize in a range of critical metals with a primary focus on copper. Our commitment to integrity and transparency fosters strong partnerships with both local and global stakeholders.
Mission.
At Viridian Metals, we are driven by a passion for discovery, transforming the future of metal sourcing and sustainability.
Our mission is to uncover world class critical metal deposits while prioritizing environmental stewardship and ethical practices. We strive to empower industries with responsibly sourced materials that enhance productivity and minimize ecological impact.
Exploration spending continued to march upwards, led by Austrlia and Canada, bln USD (2022)
Exploration spendning for selected nonferrous mineral resources
By Commodity
By Region
Market size for key energy transition minerals, bln USA (2022)
Thanks to heightened demand and rising prices, the market size for energy transition minerals doubled over the past five years, reaching USD 320 billion in 2022
Tesla: 5-year contract with Liontown Resources for 100,000 tonnes of lithium spodumene concentrate in 2024, growing to 150,000 tonnes in subsequent years.
General Motors: Long-term offtake contract with Vale Canada for 25,000 tonnes of battery grade nickel sulphate annually, starting in 2026
Bmw Group: USD 335 million offtake deal with Livent to source lithium hydroxide in Australia
Renault: 7-year deal with Managem Group to source 5,000 tonnes of cobalt sulphate from Morocco, and 5-year deal with Vulcan Energy to source 6,000-17,000 tonnes of lithium annually
Labrador Opportunities
Proven Concept
a JV between Rio Tinto and BHP, is investing in upgrades and expansion, reflecting confidence in Labrador’s critical minerals sector
Exploration Potential
Little or no exploration in Labrador, mega deposits are likely to be found in such areas
One of the largest mining jurisdictions by tonnes of material mined in Canada
Increasing Demand for Critical Minerals
According to the USGS, global demand for rare earth elements is projected to increase by 51% between 2020 and 2024
Scope Labrador's Strategic Location
Proximity to major North American and European markets, combined with access to deepwater ports
Government Support & Incentives
Programs to support the exploration and development of critical minerals, including those in Labrador
Federal government has invested CAD 7.8 million in (CMEP)
[
Government Partnerships
]
75% of $9M road projects
50% of $4M technology project
75% of $300k for Exploration Activities*
Critical Minerals Infrastructure Fund (CMIF):
1
Provides up to $1.5 billion over 7 years.
2
Funds clean energy and transportation infrastructure projects.
3
Supports sustainable development and expansion of critical minerals in Canada.
4
2 applications submitted for Kraken and Wolverine projects.
Critical Minerals Research, Development
& Demonstration Program:
1
Funds technological advancements in critical minerals production.
2
Focuses on processing, downstream manufacturing, and recycling.
3
Supports innovation across various stages of the critical minerals value chain.
Junior Exploration Assistance Program (JEA):
1
Goal: Expand Newfoundland and Labrador’s mineral inventory.
2
Focus: Discover new mineral districts, occurrences, prospects, and deposits.
3
Support: Advance mineral discoveries to Nl 43-101 compliant resources.
4
Outcome: Enhance the province’s competitiveness as a mineral exploration destination.
Program Focus: Advances critical minerals production through pilot and demonstration projects.
2
Target Minerals: Nickel, lithium, and rare earth elements (REEs).
3
Funding: CAD 14.1 mln invested in 6 projects to date.
4
Impact: Drives innovation and development within the critical minerals sector.
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