Welcome to our dedicated page for Valkea Resources news (Ticker: OZBKF), a resource for investors and traders seeking the latest updates and insights on Valkea Resources stock.
Valkea Resources Corp (TSXV: OZ | OTCQB: OZBKF) is a gold exploration company advancing high-potential projects in Finland's Central Lapland Greenstone Belt. This page provides investors and stakeholders with timely updates on corporate developments, technical achievements, and strategic initiatives.
Access comprehensive coverage of Valkea's exploration progress, including drilling results from the Paana project, financial reporting updates, and leadership announcements. Our curated news collection ensures you stay informed about resource estimates, permitting milestones, and operational expansions within this emerging gold district.
Key updates include quarterly financial disclosures, technical reports on mineralization patterns, partnership agreements with local stakeholders, and analyses of regional exploration trends. All content is verified through primary sources to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Valkea Resources' latest developments. For real-time updates, monitor official company filings alongside our aggregated news feed.
Valkea Resources (TSXV: OZ) (OTCQB: OZBKF) is actively conducting gold exploration operations in Central Lapland and Northern Finland, regions that are emerging as significant global gold hotspots. The company has reported promising results from its latest drilling program and is continuing exploration activities to determine the extent of its discoveries in what is considered one of Europe's most promising mining districts.
Valkea Resources Corp (TSXV: OZ) (OTCQB: OZBKF) has finalized two significant option agreements with S2 Resources Corp for its Australian properties:
1. The YBWSS Option allows S2 to earn an 80% interest in the Yuengroon, Ballarat West and Silver Spoon projects by investing A$1.2 million over four years, with Valkea retaining 20%.
2. The Glenfine Option enables S2 to acquire a 51% stake in the Glenfine project through A$200,000 in expenditure over four years, with current partners maintaining 49%.
If any party's joint venture interest falls below 10%, it converts to a 2% net smelter return royalty. The agreements, previously outlined in a February 28, 2024 LOI, received shareholder approval on September 3, 2024. Additionally, Valkea granted 98,750 DSUs to non-executive directors at $0.40 per unit for Q4 2024 services.
Valkea Resources has announced significant drill results from its inaugural exploration program at the Paana project in Lapland, Finland. The 1,997-meter, six-hole program targeted gold mineralization at the Aarnivalkea West discovery.
Key highlights from the Koivu Zone:
- Hole AW-24-005: 36.45 meters of 1.50 g/t gold, including 15.35 meters of 3.43 g/t gold and 2.75 meters of 12.92 g/t gold
- Hole AW-24-004: 37.95 meters of 0.61 g/t gold, including 12.65 meters of 1.25 g/t gold
The Honka Zone drilling revealed notable intersections:
- Hole AW-24-003: 10.25 meters of 1.45 g/t gold, including 4.75 meters of 2.77 g/t gold
- Hole AW-24-001: 8.6 meters of 1.03 g/t gold, including 0.5 meters of 4.53 g/t gold
Valkea Resources (TSXV: OZ) (OTCQB: OZBKF) has completed its Phase 1 drill program at the Paana Project near the Kittila Mine in Finland's Central Lapland Greenstone Belt. The program comprised over 2,000 metres of core drilling across six holes at the Aarnivalkea West target, focusing on investigating gold mineralization controls.
The drilling campaign included four systematic step-out holes on 25 to 50 metre centres in the southern area and two step-out holes in the northern extent. The company expects to receive assay results in February, after which it will generate an updated structural and geological model to guide the next phase of exploration planned for later in 2025.
The Paana Project is strategically located 24 km northwest of Agnico Eagle's Kittilä mine (Europe's largest gold producer) and adjacent to Kinross Gold's exploration tenements. The project benefits from strong local infrastructure and a supportive regulatory environment.
Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) announced the results of its Annual General Meeting, where shareholders approved all items of business. The company elected five directors to its board, including George Salamis as Independent Lead Director. Salamis brings over 30 years of mining industry experience, notably as Vice President of Riddarhyttan Resources AB where he advanced the Kittilä Mine before its sale to Agnico Eagle in 2006. He also co-led the successful C$590 million sale of Integra Gold Corp. to Eldorado Gold as Executive Chairman. D&H Group LLP was reappointed as the company's auditor.
Valkea Resources Corp (TSXV: OZ) (OTCQB: OZBKF) has signed a definitive agreement with S2 Resources Corp granting them an option to acquire up to 80% interest in Valkea's Australian properties: Yuengroon, Ballarat West, and Silver Spoon tenements in Victoria. Under the agreement terms, S2 must sole-fund expenditures of A$1.2 million within four years to earn the 80% interest, while Valkea retains 20%. If either party's joint venture interest falls below 10%, it converts to a 2% net smelter return royalty.
The agreement requires TSX Venture Exchange approval and Ministerial approval under Victoria's Mineral Resources Act. The option was previously approved by disinterested shareholders at a special meeting on September 3, 2024, satisfying TSX-V and MI 61-101 requirements.
Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) has announced its annual general meeting scheduled for December 19, 2024, at 3:00 p.m. (PST) in Vancouver. The meeting agenda includes reviewing audited financial statements, setting the board size at five directors, electing directors, and appointing D&H Group LLP as auditor. Due to a postal workers' strike, meeting materials are available on SEDAR+ and the company's website. Shareholders can obtain materials through Odyssey Trust Company or directly from the company via email.
Valkea Resources Corp. announced the commencement of trading on the OTCQB® Venture Market under the ticker symbol OZBKF on November 14, 2024. The company will maintain its listing on the TSX Venture Exchange under the symbol OZ. This development follows the completion of their Finnish asset transaction and coincides with the launch of their maiden exploration program on the Paana gold project. The OTCQB listing aims to enhance visibility and accessibility for U.S. and global investors, potentially improving liquidity and expanding their shareholder base.
Valkea Resources Corp. (TSXV: OZ), formerly Outback Goldfields Corp., has announced that its common shares will begin trading on the TSX Venture Exchange under the ticker symbol "OZ" on September 27, 2024. This follows the completion of a Reverse Takeover transaction, which involved the acquisition of Sakumpu Exploration Oy from S2 Resources and Norse Exploration Pty
CEO Chris Donaldson expressed excitement about the acquisition of projects in Northern Finland and the resumption of trading on the TSXV. The company is finalizing its upcoming field program and budget, with further details expected to be announced in the coming weeks. The Transaction has received all final approvals, including that of the TSXV. At the commencement of trading, Valkea Resources will have 32,245,702 issued and outstanding common shares.
Outback Goldfields Corp. welcomes George Salamis as a strategic advisor, who brings extensive experience in the Central Lapland district. The company is acquiring S2 Resources' gold assets in Finland and Mr. Salamis will provide valuable expertise in advancing the projects.
