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Valhalla Metals Inc. (VMXXF) is a mineral exploration and development company dedicated to advancing its projects toward feasibility. The flagship Sun project in the Ambler Mining District, Northwest Alaska, features copper-zinc-lead-gold-silver VMS deposits. Recent drilling campaigns have successfully outlined significant mineralization, showcasing promising grades and thicknesses of critical metals. The company's focus on unlocking strategic resources essential for the green energy revolution underscores its commitment to sustainable and responsible mining practices.
Valhalla Metals (TSXV: VMXX) (OTCQB: VMXXF) provides an update regarding the Ambler Mining District Access Road project. On December 16, 2024, Alaska Governor Mike Dunleavy submitted a report to the Trump Transition team titled 'Alaska Priorities for Federal Transition', highlighting the need to reverse Biden administration's sanctions on Alaska's resource development. The report prioritizes rescinding the Biden Administration's 'No Action Alternative' ROD on the Ambler Access Road, which is considered a violation of ANILCA.
The proposed road would cross Valhalla's Sun project mining claims and is important for accessing critical metals needed for green energy transition. According to Chairman Rick Van Nieuwenhuyse, the Department of Interior's BLM decision contradicts ANILCA's 1980 mandate to grant right-of-way access connecting the Ambler Mining District with the Dalton Highway corridor.
Valhalla Metals has provided an update on the Ambler Access Road project, which is planned to cross the company's State mining claims at the Sun project. The road is important for accessing the critical metals required for green energy and transportation transition. On June 14, 2024, U.S. Senator Dan Sullivan successfully included provisions in the National Defense Authorization Act (NDAA) for Fiscal Year 2025 to support the Ambler Access Road, aiming to overturn the Biden Administration's recent rejection of the project.
The NDAA includes a mandate for the Department of Interior to choose a viable path for the road, ensuring economic viability and national security. This decision follows the Department of Interior's June 27, 2024, Record of Decision that initially opted for the No Action Alternative, blocking the project. Valhalla Metals and Alaskan representatives argue that the Administration's decision ignores federal law and jeopardizes access to essential minerals.
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