Welcome to our dedicated page for Valhalla Metals news (Ticker: VMXXF), a resource for investors and traders seeking the latest updates and insights on Valhalla Metals stock.
Valhalla Metals Inc. reports developments tied to mineral exploration in Alaska's Ambler Mining District, including the Sun project and the Sun and Smucker deposits. News for VMXXF commonly addresses federal and state land-access decisions affecting the proposed Ambler Access Road and Dalton Corridor, alongside shareholder voting matters, capital-structure updates, material agreements, governance changes, and operating or financial results.
Valhalla Metals (TSXV: VMXX, OTCQB: VMXXF) announced the start of its fully funded 2026 exploration drill program at the Sun project in the Ambler Mining District, Northwest Alaska. The program aims to expand resources by testing down-dip and along-strike extensions of known copper-zinc-lead-gold-silver volcanogenic massive-sulfide mineralization at the Main Sun and SW Sun deposits.
According to Valhalla Metals, the 2026 work follows 2023 drilling that confirmed mineralization beyond the current resource model, including an intercept of 21.4 m grading 6.84% CuEq within a broader 52.4 m at 3.30% CuEq. Additional 2023 holes returned intervals such as 13.7 m at 3.07% CuEq and 13.8 m at 3.44% CuEq. The company will also conduct reconnaissance at the newly acquired Smucker project and is collaborating with AIDEA and contractors on engineering and infrastructure activities related to the Ambler Road project. A detailed CuEq calculation, based on specified metal prices and recovery assumptions from a prior technical report, is provided to support the reported equivalent grades.
Valhalla Metals (OTCQB: VMXXF, TSXV: VMXX) has simplified its capital structure by eliminating multiple voting shares as an authorized class and renaming subordinate voting shares as Common Shares.
Following shareholder approval, the company now has an unlimited number of Common Shares authorized, with 151,140,901 issued and outstanding and none subject to escrow. Common Shares will trade under a new CUSIP and ISIN from July 10, 2026, while the VMXX symbol remains unchanged.
Valhalla Metals (OTCQB: VMXXF) completed its acquisition of the Smucker copper-gold-silver-zinc project from Teck and closed the final tranche of an over-subscribed private placement, raising about $15 million.
Teck invested $1.75 million, Marubeni about $1.7 million, and Teck now holds roughly 31.4% of Valhalla shares.
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.