- CEO
- Jean-Marc Lacoste
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 147 Québec Avenue Rouyn-Noranda QC Canada J9X 6M8
- IPO Date
- Jul 3, 2007
- Business
- Visible Gold Mines Inc. Visible Gold Mines Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and evaluation of properties prospective for gold and lithium deposits primarily in the Abitibi Greenstone Belt and James Bay regions of Quebec. The company holds interests in key gold projects including Veronik, Horsefly, Piko, Project 167, Green Giant, Hazeur, and Lucky Break (Cadillac); and lithium projects such as MegaLi, with CarLi and NataLi recently abandoned due to insufficient exploration activities by option partners. Founded in 2007 and headquartered in Rouyn-Noranda, Quebec, Visible Gold Mines operates within a single reporting segment dedicated to mineral resource exploration, targeting junior mining investors amid elevated gold prices and geopolitical factors. In recent strategic developments, the company sold a portfolio of gold properties along the Cadillac-Larder Lake Fault--including Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek, Wasa East, and a 40% interest in Capricorn--to Fokus Mining Corporation in 2025, receiving an initial $750,000 cash payment plus 10 million Fokus shares valued at $1.75 million, with a second $750,000 cash installment due by December 3, 2025. Visible Gold Mines is advancing 2025 exploration plans with prospecting and drilling on its core Veronik and Horsefly gold properties, refreshing its website to highlight these assets, and launching enhanced marketing initiatives; meanwhile, SPOD Lithium indicated it may return the MegaLi project due to challenging sector financing, having already paid $175,000, issued 2.375 million shares, and completed over $1.1 million in work. CEO Martin Dallaire recently increased his personal stake, underscoring management confidence in the streamlined portfolio of high-potential gold assets listed on the TSX Venture Exchange under VGD.V and Frankfurt under 3V4.