Visionary Metals (TSX-V:VIZ) has secured US$250,000 ($360,604) in funding from the Wyoming Government for its two exploration projects in the state.
Visionary, which is advancing the King Solomon and Tin Cup nickel-copper projects in Fremont County, will use the funding to undertake geophysical work — including ground and borehole electromagnetic surveys — to define exploration targets.
The Wyoming Energy Authority, on behalf of Governor Mark Gordon, awarded the funding through its Energy Matching Funds program.
Visionary will also provide the high-resolution geophysical data collected during the program to the Wyoming Geological Survey over the next three years, helping improve the understanding of the state’s critical metals systems.
The company says the funding recognises its continued commitment to critical minerals exploration in Wyoming, where it has invested more than US$5 million to date.
“Wyoming’s continued support for its resource economy is helping drive new investment in energy and critical metals across the state,” Visionary CEO Wesley Adams says.
The grant follows Visionary’s recently completed C$7.44 million private placement, which included a C$1.2 million investment from Teck Resources (NYSE:TECK).
Write to Jackson Chen at Mining.com.au
Images: Visionary Metals
