Morocco Strategic Minerals Corporation has completed the initial sale of an undivided 51% interest in the Sakami Property in Québec to Visible Gold Mines Inc. in exchange for 1,000,000 common shares.

The transaction stems from a revised property purchase and option agreement signed on September 2, 2026, which restructures an earlier May 2026 agreement. Under the previous terms, Visible Gold was set to acquire a 100% interest in the project for 4,000,000 shares in a single transaction. The revised terms divide the acquisition into two closings.

Subject to shareholder approval expected at a meeting in December 2026 and final acceptance from the TSX Venture Exchange, Visible Gold will exercise an option to acquire the remaining 49% interest. That second closing requires issuing an additional 3,000,000 common shares and granting Morocco Strategic Minerals a 1% net smelter return royalty on the property, which can be repurchased for $1 million.

The consideration shares are subject to a statutory four-month hold period and a voluntary three-year release schedule. A total of 400,000 shares will be released four months after the first closing, with 600,000 shares released on the first anniversary. Another 600,000 shares will be released on the first anniversary of the second closing, followed by 1,200,000 shares on each of the second and third anniversaries.

Eskar Capital Corporation acted as finder for the transaction and will receive a cash fee equal to 4% of the total transaction value, including the royalty, payable across both closings.

The Sakami Property covers approximately 250 square kilometres across 475 claims along the contact between the Opinaca and La Grande subprovinces in the James Bay region. Past exploration work on the ground includes geophysical surveys, trenching, channel sampling, and limited drilling.

Morocco Strategic Minerals stated that the deal aligns with its strategy to streamline its portfolio and concentrate capital and management resources on its Moroccan exploration assets, while passing the advancement of the Québec project to a local exploration company.

Read the full announcement: Morocco Strategic Minerals Corp. Completes Sale of Initial 51% Interest in Sakami Property in Québec