Welcome to our dedicated page for Velocity Mineral news (Ticker: VLCJF), a resource for investors and traders seeking the latest updates and insights on Velocity Mineral stock.
Velocity Minerals Ltd. explores precious-metal and copper opportunities in Europe, with recent company updates centered on project generation, mineral licenses and corporate transactions. News releases describe exploration work in northern Greece, including the Miriofito exploration license, and broader updates on the company’s mineral-asset portfolio.
Recurring announcements also cover shareholder meetings, approvals of stock-option plans, option grants, warrant exercises, restricted cash arrangements and amendments to investment agreements. The company’s updates reflect the financing, governance and capital-structure matters common to a public mineral explorer quoted on the OTCQB under VLCJF and listed on the TSX Venture Exchange under VLC.
Velocity (OTC: VLCJF) reported results of its 2026 annual general meeting held June 16, 2026, in Vancouver.
All motions were approved, with 126,964,360 shares voted, representing 62.06% of issued and outstanding shares. Directors, auditor appointment, and the stock option plan each received 100% of votes cast in favour.
Velocity Minerals (OTCQB: VLCJF) received $1,316,387 from the exercise of warrants that expired December 19, 2025, with 98% of outstanding warrants exercised at an exercise price of $0.18, leaving no outstanding share purchase warrants.
The company granted 3,665,000 stock options to directors, officers, employees and consultants as part of its annual long-term incentive program. Options are exercisable at $0.18 per share for 5 years, vest over 3 years beginning six months after issue, and now represent 8.9% of issued and outstanding stock.
Velocity Minerals (OTCQB: VLCJF) provided a transaction update dated November 4, 2025. Key items: Türker Transaction remains outstanding with a first tranche received and a future closing window of 18 months from June 23, 2025; a $1.5M reduction to the final tranche applies if closing occurs on or before June 23, 2026.
Türker signed a Funding and Technical Services Agreement to fund 100% of costs to maintain assets, complete field work for a NI 43-101 Feasibility Study (target completion Q2 2026) and file an EIA Report (filed August 8, 2025).
An amendment with Artemis (Nov 3, 2025) sets net profits distribution to shareholders, caps the board at five, defines board membership, and establishes lock-up agreements for certain directors.
Velocity Minerals (TSXV: VLC) (OTCQB: VLCJF) announced that shareholders have overwhelmingly approved the sale of the company's Bulgarian assets at a special meeting held on April 15, 2025. The special resolution required a minimum two-thirds approval of votes cast.
The meeting saw strong participation with 94.12% of shareholders (185,585,876 shares) represented either in person or by proxy. The voting results were decisively in favor of the asset sale, with 99.99901% (185,584,036 shares) voting FOR and only 0.00099% (1,840 shares) voting AGAINST the resolution.
Velocity Minerals (TSXV: VLC) (OTCQB: VLCJF) has secured an exploration license for the Miriofito Property in northern Greece, following 18 months of active exploration work in the region. The property shows promising copper-gold mineralization, with chip-channel rock sampling (n=36) yielding up to 6.61 g/t gold, 0.3% copper, and 4.2 g/t silver.
The Miriofito site features a polymetallic copper-gold-silver-lead-zinc vein-replacement system in carbonate rock. The company is targeting carbonate replacement mineralization similar to the nearby Olympias deposit. Planned work includes stream sediment screening, geological mapping, geochemical sampling, and various geophysical surveys totaling 110-line km of ground magnetics and 20-line km of IP Resistivity.
Additionally, the company has granted 3,565,000 stock options to various stakeholders at $0.17 per share, valid for 5 years with a 3-year vesting period.
Velocity Minerals (VLCJF) has entered into a definitive agreement with Türker Mining to sell its Bulgarian assets. The key transaction includes:
- Sale of 70% interest in the Rozino project for USD $55.0 million, payable in two tranches:
• First tranche: USD $16.5 million after shareholder approval
• Second tranche: USD $38.5 million within 18 months (reduced by $1.5M if paid within 12 months)
- Option granted to Türker Mining to acquire Velocity's interest in other Bulgarian assets for USD $4.0 million
The deal includes a USD $1.0 million transaction fee upon agreement execution. Gorubso-Kardzhali AD, holding 30% interest in Rozino, will receive 30% of the purchase price. The transaction requires 66 2/3% shareholder approval, with a meeting scheduled for April 15, 2025.
Velocity Minerals (TSXV: VLC, OTCQB: VLCJF) has updated the terms of its previously announced USD $59.0 million sale of the Rozino gold project and other Bulgarian assets. The company has signed an amended agreement with Türker Mining, extending the exclusivity period to January 17, 2025. The initial deposit has been increased from USD $15.0 million to USD $16.5 million. A new USD $1.0 million transaction fee has been introduced, split into two USD $0.5 million payments. Additionally, a USD $2.95 million break fee will be placed in escrow upon signing the definitive agreement, later reducing to USD $1.45 million after the initial deposit is received.
Velocity Minerals has provided an update on the previously announced USD $59.0 million cash sale of its Rozino gold project and other Bulgarian assets. The buyer, Türkerler, has completed due diligence and confirmed its intention to proceed with the transaction. The parties have selected an escrow agent for the USD $2.95 million break fee. A special shareholders meeting is scheduled for January 17, 2025, with a record date of December 9, 2024. The transaction closing is expected by January 31, 2025, subject to shareholder, board, and regulatory approvals.