Valhalla Metals (TSXV:VMXX) - Major Backed Bid to Double Alaska Copper-Zinc Resource

Valhalla aims to double its Sun copper-zinc resource via 2026 drilling results while integrating Teck's Smucker asset, pending Ambler Road funding.

• Sun resource target: Indicated 1.71Mt at 4.2% CuEq plus inferred 9.02Mt at 4.2% CuEq; management aims to double this via deeper and along-strike drilling.
• Smucker acquisition from Teck: Closed June 2026 for 44.8M shares (35% of Valhalla at closing), with Teck getting up to 2.0% NSR and concentrate priority rights; historical (non-NI 43-101) estimate is 11.8M short tons at 6.6% CuEq.

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