Vista Gold (VGZ) halts ATM sales; raised $4.62M under $8M registration

Rhea-AI Filing Summary

Vista Gold Corp. suspends its at-the-market equity offering under the November 8, 2024 prospectus supplement and will terminate continuous sales effective February 26, 2026.

The company had registered up to $8,000,000 of common shares for sale under the ATM program and sold common shares with an aggregate gross purchase price of $4,621,191 from November 8, 2024 through the date of this supplement. The ATM Agreement remains in full force, but no sales will be made under it unless a new prospectus supplement is filed.

Insights

Capital Markets Counsel

Program suspended; registration used partially and now halted.

The company registered up to $8,000,000 for sales under an ATM and executed $4,621,191 of aggregate gross sales through the date noted. The supplement states the continuous offering is terminated effective February 26, 2026.

Legal and regulatory framing: the ATM Agreement remains in force but sales are paused until a new prospectus supplement is filed. Future resale activity depends on refiling; this filing documents a stop to active distributions, not a contract cancellation.

Corporate Finance Analyst

Partial use of capacity; modest proceeds raised before suspension.

The company raised aggregate gross proceeds of $4,621,191 under the registered $8,000,000 capacity. This shows partial utilization of the ATM facility prior to suspension effective February 26, 2026.

Cash-flow treatment and use of proceeds are not described in the excerpt; subsequent filings would state any deployment of the proceeds or plans for additional offerings.

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Prospectus Supplement
to Prospectus dated November 8, 2024 Filed Pursuant to Rule 424(b)(5) Registration No. 333-282706

VISTA GOLD CORP.

This prospectus supplement supplements and amends certain information contained in the prospectus supplement dated November 8, 2024, to the prospectus dated November 8, 2024 (collectively, the “November 2024 Prospectus”), relating to the offer and sale of our common shares through H.C. Wainwright & Co., LLC (“Wainwright”), as sales agent, in “at the market offerings” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, pursuant to the At the Market Offering Agreement with Wainwright dated as of November 8, 2024 (the “ATM Agreement”).

Our common shares are traded on the NYSE American LLC (“NYSE American”) and on the Toronto Stock Exchange (“TSX”) under the symbol “VGZ.” The last sale price for our common shares on February 25, 2026 was $2.83 per share on the NYSE American and Cdn$3.89 per share on the TSX. Under the November 2024 Prospectus, we initially registered up to $8,000,000 of our common shares for offer and sale pursuant to the ATM Agreement. From November 8, 2024 through the date of this prospectus supplement, we sold common shares with an aggregate gross purchase price of $4,621,191 under the November 2024 Prospectus.

The purpose of this prospectus supplement is to suspend the ATM Agreement and to terminate the continuous offering by us under the November 2024 Prospectus effective on February 26, 2026. We will not make any sales of our common shares pursuant to the ATM Agreement unless and until a new prospectus supplement is filed with the Securities and Exchange Commission; however, the ATM Agreement remains in full force and effect.

FAQ

What did Vista Gold Corp. (VGZ) file in this prospectus supplement?

The company filed a supplement that suspends its at-the-market offering and terminates continuous sales effective February 26, 2026. It also reconfirms the ATM Agreement remains in force pending any new prospectus supplement.

How much was registered and how much did VGZ sell under the ATM?

Vista registered up to $8,000,000 of common shares under the ATM and sold common shares with aggregate gross purchase price of $4,621,191 from November 8, 2024 through the date of the supplement.

Will VGZ continue to sell shares under the ATM after the suspension?

No sales will be made under the ATM Agreement unless a new prospectus supplement is filed. The supplement states sales are suspended and the continuous offering is terminated effective February 26, 2026.

Does the ATM Agreement remain valid after this supplement?

Yes. The prospectus supplement states the ATM Agreement remains in full force and effect, even though the company will not make sales under it until a new prospectus supplement is filed.

What price information does the supplement provide for VGZ shares?

The supplement reports the last sale price was $2.83 per share on the NYSE American and Cdn$3.89 per share on the TSX as of February 25, 2026.