Valhalla Metals (VMXXF) Stock News

Valhalla Metals (OTCQB: VMXXF, TSXV: VMXX) closed the first tranche of its over-subscribed non-brokered private placement, issuing 20,385,368 subscription receipts at $0.65 for gross proceeds of about $13.25 million, including a $1.75 million order from Teck Resources.

Proceeds will fund exploration at the Sun Property and Smucker Project, and satisfy a key condition for closing the Smucker acquisition, expected in late May or early June 2026.

Valhalla Metals (OTCQB: VMXXF) upsized a non‑brokered private placement to raise up to $12,500,000 at $0.65 per subscription receipt to fund exploration and support the previously announced acquisition of the Smucker Project from Teck American.

Proceeds will be held in escrow until closing conditions for the Transaction are met; closing is expected in June 2026. Net use of proceeds includes about $8.0M for Sun Property drilling, $300,000 for Smucker mapping/surveys, and general corporate costs. Subscription receipts convert to common shares once escrow conditions are satisfied and carry a four‑month hold period.

Valhalla Metals (OTCQB: VMXXF) announced a non‑brokered private placement of 7,692,307 subscription receipts at $0.65 for gross proceeds of $5.0 million, linked to the planned acquisition of the Smucker Project from Teck. Lead indications from Teck and Marubeni total about $3.45 million. Proceeds will fund exploration, drilling, mapping, and working capital. Subscription receipts are escrowed and convert to common shares upon satisfaction of defined closing conditions; cancellation and refunds apply if conditions are not met within a stated timeline. The Company may upsize the placement to $10 million and pay customary finder’s fees.

Valhalla Metals (OTCQB: VMXXF) has agreed to acquire Teck's 100% interest in the Smucker Project for 44,813,642 Valhalla shares (~35% post-issuance), a possible 2.0% NSR, and offtake priority rights, consolidating Smucker with Valhalla's Sun Project to advance Ambler district development.

The deal requires shareholder approval, TSXV acceptance, a share conversion, and a minimum CAD$5.0M concurrent financing.

Valhalla Metals (OTCQB: VMXXF) welcomed the U.S. Department of the Interior decision on February 20, 2026 to open 2.1 million acres in Alaska's Dalton Corridor to location and entry under public land and mining laws. The order revokes prior withdrawals and identifies the proposed Ambler Access Road as key corridor infrastructure.

The corridor crosses Valhalla's Sun project claims, which company leadership says could simplify long-term development by reducing BLM land ownership along the proposed access route.

Valhalla Metals (OTCQB: VMXXF) welcomed President Trump's October 6, 2025 decision approving AIDEA's appeal under ANILCA Section 1106 to reverse the June 2024 "No Action Alternative" and reinstate permits for the Ambler Access Road.

The President directed agencies to promptly reinstate, grant, and finalize all necessary permits and authorizations to assure access for mining and commercial use, citing the public interest in domestic critical minerals. The proposed road would cross Valhalla's Sun project mining claims and the company said it can re-start exploration to expand known resources.

Valhalla Metals Inc. (TSXV: VMXX) (OTCQB: VMXXF) has announced key changes to its Board of Directors. Curtis Freeman, a U.S. Certified Professional Geologist and former President of the Company, has been appointed to the Board effective immediately. Freeman, who founded Avalon Development in 1985, brings extensive global exploration experience across Alaska, Yukon, western United States, Central America, South America, New Zealand, and Africa. He previously served as a Founding Director prior to Valhalla's TSX-V listing in 2022.

Simultaneously, Raj Chowdhry has resigned from his position as director, citing time constraints related to other professional commitments. The company's Chairman, Rick Van Nieuwenhuyse, expressed confidence that Freeman's expertise will help advance the Sun and Smucker deposits in Alaska's Ambler mining district.

Valhalla Metals (VMXXF) welcomes significant federal support for the Ambler Access Road development following two major announcements. President Trump signed an executive order on March 20, 2025, invoking emergency powers under the Defense Production Act to boost domestic mineral production and reduce foreign dependency.

The order includes provisions for streamlined permitting and financing support for critical metals projects. Simultaneously, the Department of Interior announced the revocation of public lands withdrawal to transfer lands to the State of Alaska, specifically affecting the first 20 miles of the Ambler Access Road along the Alaska Pipeline corridor.

The Ambler Access Road would cross Valhalla's Sun project state mining claims, potentially unlocking critical and strategic metals in the Ambler Mining District, including copper, zinc, silver, gold, cobalt, and germanium. These metals are deemed essential for green energy transition and securing domestic supply chains for economic and defense purposes.

Valhalla Metals (TSXV: VMXX, OTCQB: VMXXF) reports on a significant development regarding the Ambler Mining District Access Road. President Trump signed an Executive Order on January 20, 2025, titled 'Unleashing Alaska's Extraordinary Resource Potential,' which reverses Biden administration policies affecting Alaska's resource development.

The order specifically reinstates the July 23, 2020 Record of Decision (ROD) for the Ambler Road project, while placing a moratorium on the June 27, 2024 ROD. The proposed road would cross Valhalla's Sun project mining claims and is designed to unlock critical metals necessary for green energy transition and domestic supply chains.

The announcement received strong support from Alaska's Republican congressional delegation, including Senators Lisa Murkowski and Dan Sullivan, and Representative Nick Begich, who praised the decision as beneficial for Alaska's economic opportunities and resource development.