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Metal & Mining Stocks
Viridian Metals (CSE: VRDN) Receives $225,000 JEA Grant for Kraken Project
Image source: Company update
Highlights
Viridian Metals Inc. (CSE: VRDN) has been awarded $225,000 in Junior Exploration Assistance (JEA) grant funding to support its 2024 fieldwork at the Kraken Project, located in Labrador. This funding marks the maximum allowable grant under the provincial and federal program aimed at advancing mineral exploration in the region. In 2023, the company also received a similar grant, further demonstrating continued support for its exploration activities in Labrador.
The JEA program is a significant contributor to the development of mineral exploration projects in Newfoundland and Labrador. Its objective is to discover new mineral districts and deposits and advance early-stage exploration work to more defined stages, including the establishment of NI 43-101 compliant resources. Viridian's exploration efforts at Kraken, supported by this grant, are in line with the company’s strategy to explore underdeveloped areas and drive future discoveries.
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