Vision Lithium Inc. (TSXV: VLI) has entered into an option agreement dated September 9, 2026, granting Osisko Metals Incorporated the exclusive right to acquire a 100% interest in its Red Brook Property in New Brunswick. The deal involves staged cash payments, share issuances, and committed exploration spending totalling significant value over three years. The transaction allows Vision Lithium to monetise a New Brunswick asset while retaining exposure through Osisko shares and an existing royalty structure, which may appeal to investors tracking the company's asset rationalisation strategy.

Key Points

  • Vision Lithium Inc. (TSXV: VLI | OTCQB: ABEPF | FSE: 1AJ2)
  • Osisko Metals granted an exclusive option to acquire 100% of the 3,982-hectare Red Brook Property in New Brunswick
  • Total consideration includes $400,000 in cash, up to $750,000 in Osisko shares, and $600,000 in exploration expenditures over three years
  • Investors may watch whether Osisko fulfils each annual milestone and whether the existing 2.0% net smelter returns royalty is ultimately assumed or partially repurchased

Red Brook Property Option Structure and Payment Schedule

Under the Option Agreement, Osisko must make four cash payments of $100,000 each — the first on the September 9, 2026 effective date and the remaining three on successive anniversaries — totalling $400,000. In addition, Osisko is required to issue 200,000 of its common shares to Vision Lithium within one month of the effective date, followed by three tranches valued at $250,000 each in Osisko shares on each subsequent anniversary, bringing the total share-based consideration to $750,000 in stated value.

Committed Exploration Spending Across Three Anniversary Milestones

Alongside cash and share payments, Osisko must incur a cumulative $600,000 in exploration work expenditures on the Red Brook Property. The schedule requires $100,000 by the first anniversary, an additional $200,000 by the second, and a further $300,000 by the third, according to the release. This staged exploration commitment is structured to ensure active work on the 181 mineral claim units rather than a passive hold of the asset during the option period.

Existing Net Smelter Returns Royalty to Transfer to Osisko on Exercise

A condition of exercising the option requires Osisko to enter into an assignment and assumption agreement to take on an existing 2.0% net smelter returns royalty held by Prospect Or Corp. and 9248-7792 Québec Inc. The release states that one-half of the royalty — equating to 1.0% — may be repurchased from the royalty holders for $1,000,000. This royalty structure provides Vision Lithium's current royalty partners with continued exposure to the property regardless of the option outcome.