10:47 AM EST, 01/24/2025 (MT Newswires) -- Viridian Metals' (VRDN.V) has seen its shares jump near 14% and hit 52 week highs Friday on the TSXV as the company secured 2,600 square kilometers of land in the Seal Basin through staking.

With the acquisition, the company claimed it became the largest claim holder in Newfoundland and Labrador.

Viridian said the newly acquired claim package contains over 70 documented copper occurrences, the majority of which remain unexplored. The acquisition expanded the company's previous claim footprint in the Seal Basin from 10 square kilometers previously.

"This large project area is a testament to the exceptional geological potential we see in Labrador," said Tyrell Sutherland, CEO of Viridian Metals. "The area we've secured offers a wealth of exploration opportunities."

"We are excited to accelerate our work in such a highly prospective region and believe it has the capacity to deliver significant value as we seek to discover the extent its mineral wealth," Sutherland added.

Price: 0.50, Change: +0.06, Percent Change: +13.64