Visible GOLD Mines Announces Termination of Megali Option Agreement Adjacent to PMET Resources High Grade Lithium and Caesium Discoveries in the James BAY Region
VISIBLE GOLD MINES ANNOUNCES
TERMINATION OF MEGALI OPTION
AGREEMENT ADJACENT TO PMET
RESOURCES HIGH GRADE LITHIUM AND
CAESIUM DISCOVERIES IN THE JAMES BAY
REGION
ROUYN-NORANDA, QC
,
Feb. 4, 2026
/CNW/ -
Visible Gold Mines Inc.
(TSXV: VGD) is pleased
to announce that SPOD Lithium has agreed to terminate its option agreement, originally announced
on
August 4, 2022
. Under this mineral option agreement, SPOD had the option to acquire a 50%
undivided interest in the MegaLi Property. The MegaLi Property is comprised of a total of 78 mining
claims covering a total area of 40 square kilometres and is located in the James Bay Region in the
Province of Québec.
The MegaLi Property remains a significant asset for Visible Gold Mines. Since the signature of the
option agreement with SPOD Lithium in 2022, PMET Resources has worked tirelessly on their
adjacent
Shaakichiuwaanaan
project and has made several new lithium and caesium discoveries.
Additionally, the CV13 pegmatite located less than 2 km from Visible Gold Mines' MegaLi project
now hosts the world's largest pollucite-hosted caesium pegmatite Mineral Resource at the Rigel
and Vega zones with 0.69 Mt at 4.40% Cs
2
O (Indicated), and 1.70 Mt at 2.40% Cs
2
O (Inferred).
(see PMET News Release dec.14, 2025).
Overall, SPOD Lithium has paid Visible Gold Mines
$175,000
, issued 2,375,000 SPOD common
shares and has carried out work on the property (78 mining titles) totaling
$1,162.529
. Each party
has released the other from any liability or further obligation under the agreement.
About Visible Gold Mines Inc.
Visible Gold Mines is a corporation focused on gold in the prolific
Abitibi Gold Belt
and the
James
Bay
region in the province of
Quebec
. Visible Gold Mines has 37,155,164 common shares
outstanding.
Neither 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 the
release.
Website:
www.visiblegoldmines.com
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking information may include,
among others, statements regarding the future plans, costs, objectives or performance of Visible
Gold Mines, or the assumptions underlying any of the foregoing. In this news release, words such as
"may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate"
and similar words and the negative form thereof are used to identify forward-looking statements.
Forward-looking statements should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether, or the times at or by which, such future
performance will be achieved. No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur. Forward-looking information is based on
information available at the time and/or management's good-faith belief with respect to future events
and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond Visible Gold Mines' control. These risks, uncertainties and
assumptions include, but are not limited to, those described under "Financial Risks" and "Risk
Factors" in Visible Gold Mines' Annual Report for the fiscal year ended
July 31, 2025
, a copy of
which is available on SEDAR at
www.sedar.com
, and could cause actual events or results to differ
materially from those projected in any forward-looking statements. Visible Gold Mines does not
intend, nor does Visible Gold Mines undertake any obligation, to update or revise any forward-
looking information contained in this news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable laws.
SOURCE
Visible Gold Mines Inc.
View original content:
http://www.newswire.ca/en/releases/archive/February2026/04/c8813.html
%SEDAR: 00025339E
For further information:
For further information, please contact: Martin Dallaire, President and
Chief Executive Officer, Telephone: 819-762-0107, Fax: 819-762-0097, E-mail:
CO: Visible Gold Mines Inc.
CNW 08:17e 04-FEB-26