Morocco Strategic Minerals Corporation has divested a majority stake in its Sakami gold project in Quebec’s James Bay region to Visible Gold Mines Inc. through a revised transaction announced on Tuesday.
Visible Gold acquired a 51% interest in the Sakami Property in exchange for 1 million common shares. The property spans 475 claims covering roughly 250 square kilometers along the contact between the Opinaca and La Grande subprovinces. Historical exploration includes geophysical surveys, trenching, channel sampling, and limited drilling campaigns.
Under the agreement, Visible Gold holds an exclusive option to purchase the remaining 49% stake. The consideration includes 3 million additional shares and a 1% net smelter return royalty on the property. Morocco Strategic Minerals retains the right to repurchase the royalty for $1 million. Eskar Capital Corporation served as a finder and will receive a 4% cash fee on the transaction value, payable in two installments.
The consideration shares are subject to Canadian securities restrictions, including a statutory four-month resale hold and a voluntary three-year restriction released in stages. A shareholder meeting is scheduled for December 2026 to approve the remaining stake option.
The transaction marks a strategic shift for Morocco Strategic Minerals, which initially announced the agreement on May 26, 2026, before revising the terms.
