Vizsla Copper Corp. has reached agreeable terms with the Alaska Mental Health Trust Land Office (TLO) to extend Upland Mining Lease 9100759 for an additional seven years, through 31 August 2033.
This lease extension ensures continuity of exploration and technical work at the Palmer Project, Vizsla Copper’s critical minerals asset in Southeast Alaska, including advancement of regional exploration in areas directly adjacent to the project’s mineral resource.
Highlights
- Agreement reached with TLO to extend the Palmer Project Upland Mining Lease through 31 August 2033.
- All federal and state permits in place to support ongoing exploration and technical study data collection.
- Palmer’s 62 500 acre mineral land package is located entirely within an area designated by the State of Alaska for multi-use, including mineral development.
Craig Parry, Executive Chairman and CEO, comments:
“Securing this lease extension provides long-term certainty for continued exploration at Palmer. The project sits within a state-designated multi-use forest that was specifically created to balance environmental protection with responsible resource development. We believe the Palmer Project can advance in a way that reflects that original vision.”
Peter Mercer, Senior Vice President, Alaska, added:
“With state and federal permits in place and secure mineral tenure, we are advancing the technical studies required to move the Palmer Project toward economic evaluation. The 2026 diamond drilling and surface field programmes are being finalised with crews expected to mobilise in May. As planning progresses, we will provide advance notice of field activities through social media and local communication channels.”
Secure tenure and advanced project readiness
With the agreed lease extension, the Palmer Project now benefits from long-term mineral tenure, providing a stable platform for continued exploration and technical studies.
The project is supported by a comprehensive regulatory framework, with all required federal and state permits in place to support ongoing exploration and the collection of data necessary for economic studies. The federal Plan of Operations remains in effect without expiration, while the state Plan of Operations is valid with the option of a renewable five-year term after 2028.
Together, this combination of secure land tenure, available permits, and advanced technical work positions the Palmer Project for systematic advancement toward economic evaluation.