Viridian Metals Closes First Tranche of $591,543 Private Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Source: Globenewswire
- Successful Financing: Viridian Metals successfully issued 296,672 flow-through shares and 658,999 hard dollar units in the first tranche of its private placement, raising a total of $591,543.68, reflecting strong investor demand for the company's prospects.
- Clear Fund Utilization: Proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses under the Income Tax Act, specifically targeting the development of surface geochemistry, geophysics, and drill targeting at the company's Labrador mining projects.
- Management Efficiency Improvement: The company completed a vertical short-form amalgamation with its wholly-owned subsidiary, Viridian Metals Corp., aimed at streamlining financial and regulatory reporting processes, thereby reducing administrative costs and enhancing overall operational efficiency.
- Positive Future Outlook: Viridian indicated plans for a second tranche of financing despite being well-funded, aiming to attract further investors and drive sustained growth for the company.
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Analyst Views on VRDN
Wall Street analysts forecast VRDN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRDN is 41.71 USD with a low forecast of 14.20 USD and a high forecast of 61.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
17 Buy
0 Hold
0 Sell
Strong Buy
Current: 33.570
Low
14.20
Averages
41.71
High
61.00
Current: 33.570
Low
14.20
Averages
41.71
High
61.00
About VRDN
Viridian Therapeutics, Inc. is a biopharmaceutical company focused on engineering and developing potential medicines for patients with serious and rare diseases. The Company is advancing multiple candidates in the clinic for the treatment of patients with thyroid eye disease (TED). The Company is conducting two global Phase 3 clinical trials (THRIVE and THRIVE-2) to evaluate the safety and efficacy of veligrotug in patients with active and chronic TED. It is also conducting two global Phase 3 clinical trials, REVEAL-1 and REVEAL-2, to evaluate the efficacy and safety of VRDN-003 in patients. Its advanced program, veligrotug, is a differentiated humanized monoclonal antibody targeting IGF-1R intravenously administered for the treatment of TED. In addition to its TED portfolio, the Company is advancing a novel portfolio of neonatal Fc receptor (FcRn) inhibitors, including VRDN-006 and VRDN-008, which has the potential to be developed in multiple autoimmune diseases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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