05:23 PM EDT, 07/10/2025 (MT Newswires) -- Vermilion Energy ( VET ) after trade Thursday said completed the sale of its Saskatchewan assets for $415 million.

The assets sold include about 10,500 barrels of oil equivalent per day of non-core light oil production in Saskatchewan and Manitoba, the company added.

The cash from the sale will be used to strengthen the company's finances and give it more flexibility to invest in its key operations in Canada and Europe, the company said.

Vermilion shares closed up $0.25 to $10.74 on the Toronto Stock Exchange.