MCC Sells 51% Stake in Quebec's Sakami Property to Visible Gold
Morocco Strategic Minerals closes a revised deal giving Visible Gold a majority stake in the Sakami property, with an option for the rest.
Morocco Strategic Minerals Corp (TSXV: MCC) just handed over majority control of its Sakami property in Quebec's James Bay region. On September 2, 2026, the company closed a revised purchase and option agreement with Visible Gold Mines Inc. (TSXV: VGD), locking in a 51% stake sale to the buyer right out of the gate.
This isn't just a straight asset sale — Visible Gold also scored an exclusive option to grab the remaining 49%. That means VGD could eventually own the whole thing. Shareholder approval from MCC is still required before the second tranche closes, so watch for that catalyst on the calendar.
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The deal is a revision of an earlier agreement announced back on May 26, 2026. The original structure got reworked to split the transaction into two separate closings instead of one — a common move when regulatory or shareholder hurdles require more runway. For traders, the two-stage close means two potential news events, not one.
Sakami sits in the James Bay region of Quebec, a jurisdiction that's become one of the hottest addresses for critical minerals and gold exploration in Canada. The region's infrastructure push and mineral-rich geology have drawn serious capital over the past few years, making this deal more than just a corporate reshuffling.
If you're watching MCC or VGD, the next trigger is that shareholder vote. Until then, Visible Gold is operating with a controlling interest but the full picture isn't settled yet. Continue reading at GlobalNewswire.
