01:21 PM EDT, 10/08/2025 (MT Newswires) -- Visible Gold Mines ( VGMIF ) shares were last seen up 10% after the company on Wednesday detailed exploration plans for its Quebec properties.

The Horsefly property will undergo prospecting and sampling in the coming weeks, followed by drilling. At the Veronik property, a fall 2025 prospecting program is planned.

In lithium, Visible's option partner SPOD Lithium has already paid $175,000, issued shares, and completed $1.14 million in work on the MegaLi project. To earn 50%, SPOD must pay $150,000, issue more shares, and spend $1 million. However, SPOD has told the company it may not meet its obligations in light of weak lithium sector financing, suggesting MegaLi may revert to Visible.

Lastly, the CarLi and NataLi lithium projects are being abandoned, with CarLi already dropped and NataLi set for abandonment in December.

Shares of Visible Gold Mines ( VGMIF ) were last seen up $0.015 to $0.160 on the TSX Venture Exchange.

Price: 0.16, Change: +0.02, Percent Change: +10.34