Visionary Metals Corp. announced a private placement to issue 19,785,812 units at an issue price of CAD 0.24 for gross proceeds of CAD 4,748,594.88 and a concurrent non-brokered private placement to issue 9,985,021 units at an issue price of CAD 0.24 for gross proceeds of CAD 2,396,405.04 for aggregate proceeds of CAD 7,144,999.92 on May 21, 2026. The transaction includes participation from returning lead investor, Teck Resources Limited for proceeds of CAD 1,200,000.

It is anticipated that insiders of the company may participate in the offering and such units issued to insiders will be subject to a four-month hold period pursuant to applicable policies of the TSX-V. Each unit will consist of one common share of the company; and one-half of one common share purchase warrant, with each warrant entitling the holder to acquire one share at a price of CAD 0.36 for a period of 36 months from 60 days following the closing date. The units issued pursuant to the concurrent private placement may be offered to purchasers that are a resident in Canada pursuant to applicable prospectus exemptions and may also be offered in the United States and other jurisdictions pursuant to available exemptions. Any securities issued under the concurrent private placement to purchasers resident in Canada will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws.

It is anticipated that closing of the offering will take place on or about June 10, 2026, or such other date(s) as may be determined by the company. Closing of the offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX-V. As consideration for services provided by certain finders, the company may pay a cash fee equal to up to 7% of the gross proceeds of the LIFE offering from investors introduced to the company by a finder; and non-transferable share purchase warrants equal to up to 7% of the aggregate number of units issued to those investors. Each finder's warrant will entitle the holder to purchase one share at a price of CAD 0.24 per share for a 36-month period from their date of issuance.

As of the date hereof, Teck holds 17,392,193 shares, representing approximately 9.9% of the company's shares. Upon completion of the corporate restructuring and closing of the offering (and assuming the completion of the maximum offering amount under the Life offering and the concurrent private placement), Teck will beneficially own, directly or indirectly, or exercise control or direction over, 9,348,048 shares, representing approximately 14% of the issued and outstanding shares on a non-diluted basis.