Vizsla Copper Secures Extension of Trust Land Lease at the Palmer Project
Vizsla Copper Secures Extension of Trust
Land Lease at the Palmer Project
VANCOUVER, BC
,
Feb. 24, 2026
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF)
(FRANKFURT: 97E0) ("
Vizsla Copper
" or the "
Company
") is pleased to announce that it has
reached agreeable terms with the Alaska Mental Health Trust Land Office ("
TLO
") to extend Upland
Mining Lease 9100759 for an additional seven years, through August 31, 2033.
This lease extension ensures continuity of exploration and technical work at the Palmer Project,
Vizsla Copper's critical minerals asset in Southeast Alaska, including advancement of regional
exploration in areas directly adjacent to the project's mineral resource (see the updated mineral
resource estimate effective January 13, 2025
1
).
Highlights
Agreement reached with TLO to extend the Palmer Project Upland Mining Lease through August
31, 2033
All federal and state permits in place to support ongoing exploration and technical study data
collection
Palmer's 62,500- acre mineral land package is located entirely within an area designated by the
State of Alaska for multi-use, including mineral development
Craig Parry, Executive Chairman and CEO, commented:
"Securing this lease extension provides long-term certainty for continued exploration at Palmer. The
project sits within a state-designated multi-use forest that was specifically created to balance
environmental protection with responsible resource development. We believe the Palmer Project can
advance in a way that reflects that original vision."
Peter Mercer, Senior Vice President, Alaska, added:
"With state and federal permits in place and secure mineral tenure, we are advancing the technical
studies required to move the Palmer Project toward economic evaluation. The 2026 diamond drilling
and surface field programs are being finalized with crews expected to mobilize in May. As planning
progresses, we will provide advance notice of field activities through social media and local
communication channels."
Secure Tenure and Advanced Project Readiness
With the agreed lease extension, the Palmer Project now benefits from long-term mineral tenure,
providing a stable platform for continued exploration and technical studies.
The project is supported by a comprehensive regulatory framework, with all required federal and
state permits in place to support ongoing exploration and the collection of data necessary for
economic studies. The federal Plan of Operations remains in effect without expiration, while the
state Plan of Operations is valid with the option of a renewable five-year term after 2028.
Together, this combination of secure land tenure, available permits, and advanced technical work
positions the Palmer Project for systematic advancement toward economic evaluation.
Figure 1: Palmer Project, SE Alaska, Mineral Tenure Map (CNW Group/Vizsla Copper Corp.)
Figure 1:
Palmer Project, SE Alaska, Mineral Tenure Map
Land-Use Framework
Palmer Project's land tenure is located within and adjacent to the Haines State Forest, a large,
contiguous management area in the Chilkat Valley that is specifically designated by the State of
Alaska for multiple uses. The State Forest was created to support a balanced combination of
resource development, timber harvest, recreation, and other economic activities while maintaining
environmental and cultural values across the region. This multi-use designation provides a clear and
predictable land-use framework for responsible mineral exploration and development.
Within this broader management area, the Palmer Project's approximately 62,500-acre land
package lies within a well-recognized volcanic massive sulphide (VMS) belt known for its critical-
minerals endowment. The region hosts significant mineral occurrences, deposits, and operating
mines. A substantial portion of the project area is leased from the Alaska Mental Health Trust. These
lands were selected by the Alaska Department of Natural Resources in 1994 for inclusion in the
Trust's land base. This area and was chosen specifically for their high mineral potential.
The current land-use structure in the Chilkat Valley reflects a historic Consensus Agreement
2
reached in 1982 among environmental organizations, industry representatives, local governments,
and state and federal agencies. This agreement resulted in the creation of the Alaska Chilkat Bald
Eagle Preserve, with a conservation-first mandate, while the surrounding Haines State Forest was
established as a multiple-use area intended to support responsible resource development. The
compromise was widely described as an "Alaskan solution" to land management conflicts, balancing
conservation priorities with economic opportunity.
Commitment to Responsible Development
Vizsla Copper recognizes that the Palmer Project is located within a region of significant ecological,
cultural, and community importance. As the 2026 field season is being planned, Vizsla's approach to
project development will be guided by a commitment to listen, learn, and understand all community
perspectives. Our approach is guided by the same Alaskan solution that shaped the original Chilkat
Valley consensus: collaboration, transparency, and respect for multiple land uses.
About Vizsla Copper
Vizsla Copper is a critical-minerals focused exploration and development company headquartered in
Vancouver, Canada. The Company is primarily focused on its Palmer VMS project in Southeast
Alaska, and its Poplar and Woodjam porphyry-related projects in British Columbia.
All of the Company's projects are well situated amongst significant infrastructure. The Company's
growth strategy is focused on the exploration and development of the properties within its portfolio in
addition to value-accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer
and developer in stable mining jurisdictions, and it is committed to socially responsible exploration
and development, working safely, ethically, and with integrity.
Vizsla Copper is a spin-out of Vizsla Silver and is backed by Inventa Capital Corp., a premier
investment group founded in 2017 with the goal of discovering and funding opportunities in the
resource sector.
Additional information about the Company is available on SEDAR+ (
www.sedarplus.ca
) and the
Company's website (
www.vizslacopper.com
).
Qualified Person and National Instrument 43-101 Disclosure
The Company's disclosure of technical or scientific information in this press release has been
reviewed and approved by Peter Mercer, P.Geo., Senior Vice President for Vizsla Copper. Mr.
Mercer is a Qualified Person as defined under the terms of National Instrument 43-101.
References
1
.
SRK - Parsons, B. and Kelloff, K. (2025). NI 43-101 Technical Report, Mineral Resource
Estimate, Palmer Project, Alaska, USA. Report prepared for Constantine Metal Resources Ltd.
by SRK Consulting (U.S.), Inc. Effective Date: January 13, 2025
2
.
Consensus Agreement - Chapter 1 - Haines State Forest Management Plan (
https://forestry.alaska.gov/Assets/pdfs/timber/haines/hsfpfinal.pdf
)
3
.
Enacting Legislation (Governing Statutes & Regulations) - Appendix A - Chilkat Bald Eagle
Preserve Management Plan (
https://dnr.alaska.gov/parks/plans/eaglpln/cbepcomplete.pdf
)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
FORWARD LOOKING STATEMENTS
The information contained herein contains "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and "forward-looking information"
within the meaning of applicable Canadian securities legislation. "Forward-looking information"
includes, but is not limited to, statements with respect to the activities, events or developments that
the Company expects or anticipates will or may occur in the future, including, without limitation,
planned exploration activities. Generally, but not always, forward-looking information and statements
can be identified by the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative
connotation thereof or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative
connotation thereof. Forward-looking statements in this news release include, among others,
statements relating to the Company's exploration plans.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the results of planned exploration activities are as anticipated, the anticipated
cost of planned exploration activities, that general business and economic conditions will not change
in a material adverse manner, that financing will be available if and when needed and on reasonable
terms, that third party contractors, equipment and supplies and governmental and other approvals
required to conduct the Company's planned exploration activities will be available on reasonable
terms and in a timely manner. Although the assumptions made by the Company in providing forward-
looking information or making forward-looking statements are considered reasonable by
management at the time, there can be no assurance that such assumptions will prove to be
accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties
and other factors, which may cause actual events or results in future periods to differ materially from
any projections of future events or results expressed or implied by such forward-looking information
or statements, including, among others: negative operating cash flow and dependence on third party
financing, uncertainty of additional financing, no known mineral reserves or resources, the limited
operating history of the Company, the influence of a large shareholder, aboriginal title and
consultation issues, reliance on key management and other personnel, actual results of exploration
activities being different than anticipated, changes in exploration programs based upon results,
availability of third party contractors, availability of equipment and supplies, failure of equipment to
operate as anticipated; accidents, effects of weather and other natural phenomena and other risks
associated with the mineral exploration industry, environmental risks, changes in laws and
regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information or implied by forward-
looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that forward-looking information and statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking
statements or information. The Company undertakes no obligation to update or reissue forward-
looking information as a result of new information or events except as required by applicable
securities laws.
SOURCE Vizsla Copper Corp.
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For further information:
Contact Information: For more information and to sign-up to the mailing
list, please contact: Craig Parry, Executive Chairman, Chief Executive Officer, Tel: (604) 364-2215 |
Email: [email protected]
CO: Vizsla Copper Corp.
CNW 08:00e 24-FEB-26