202611 releases
Valkea completes diamond drilling on first new target and commences base of till drilling at Paana
Diamond drilling of the Kari target at the Paana project in Northern Finland was completed in August, with 1,275 m in five holes along an E-W profile 2.5 km south of the Aarnivalkea West mineralization; three of five holes intercepted disseminated sulphide mineralization and assays are expected in Q4 2026. Updated aeromagnetic surveys have been flown and base of till drilling has commenced on the wider Paana licences, with a second BoT rig scheduled for October to identify 5-10 targets for winter diamond drilling. Preliminary metallurgical test work on a ~53 kg bulk sample from Aarnivalkea West is underway at Alfred H Knight (UK).
Drill resultsValkea Grants Stock Options
A total of 2,602,167 stock options have been granted to certain directors, officers and consultants under Valkea Resources' omnibus incentive plan, which shareholders re-approved at the annual general meeting on December 3, 2025. The options are exercisable at $0.32 per share for five years from the grant date, vesting one-third at grant and one-third every twelve months thereafter over two years.
CorporateValkea Develops Prospect Pipeline and will Commence Drilling in August 2026
Twenty-four new exploration targets have been identified across Valkea's wholly owned permits in Finland's Central Lapland Greenstone Belt, including 13 at Paana, 2 at Pahasvuoma, 3 at Rova, 2 at Palvanen, 3 at Putaanperä and 1 at Ruopas, excluding the Sikavaara East and West joint venture properties with Agnico Eagle. Drilling of 1,000 m to 1,500 m at the Kari target in the Paana Central licence begins in August 2026. Base of till drilling starts in October, with diamond drilling before year end; initial plans cover about 6,000 BoT points and up to 10,000 metres of DDH.
CorporateValkea’s New Leadership Provides Outline of Company’s Systematic Approach to Discovery in Central Lapland Greenstone Belt
A four-phase, 12-month exploration program has begun across Valkea's 350 km² of landholdings in Finland's Central Lapland Greenstone Belt, targeting roughly 6,000 points of base-of-till drilling and 5,000 m to 10,000 m of diamond drilling on the best five to 10 targets, with diamond drilling to start in H2 2026 and the campaign running August to March. Twelve new targets have been identified at the Paana project. Funding for the 2026/2027 programs is secured, and new leadership includes former Rupert Resources Ikkari team members Thomas Credland, Dr Chris Bonson and Dr Charlotte Seabrook.
ManagementValkea Resources Announces Closing of $8 Million LIFE Offering
A best efforts private placement of 20,075,000 common shares at $0.40 per share closed for gross proceeds of $8,030,000, including partial exercise of the agents' option, led by Beacon Securities Limited as lead agent and sole bookrunner. Net proceeds are intended for exploration and development at Valkea's properties in the Central Lapland Greenstone Belt of Northern Finland, plus working capital and general corporate purposes. Insider Thomas Credland bought 1,000,000 shares for $400,000. The Offering remains subject to final TSXV approval.
FinancingValkea Resources Announces $8 Million LIFE Offering
A best efforts private placement of up to 20,000,000 common shares at $0.40 per share for gross proceeds of up to $8,000,000 has been arranged with Beacon Securities Limited as lead agent and sole bookrunner, using the Listed Issuer Financing Exemption. The agents hold an option for up to 5,000,000 additional shares at the same price for up to $2,000,000 more. Proceeds are for exploration and development in the Central Lapland Greenstone Belt, Northern Finland, and working capital, with closing expected about June 16, 2026.
FinancingValkea Announces Early Exercise of Warrants by Management and Shareholders
4.5 million warrants have been exercised early by management and cornerstone shareholders of Valkea Resources. Following the exercise, the Company has cash of C$3.2M and 65.2M shares issued and outstanding, or 93.1M on a fully diluted basis. Proceeds will go to general corporate purposes, strengthening the technical team in Finland and expediting programs toward recommencing drilling on the Central Lapland Greenstone Belt properties in Northern Finland in the second half of the year.
FinancingValkea Resources Announces Changes To Board And Management In Planned Leadership Transition
Thomas Credland, previously President, has been appointed Chief Executive Officer and a Director of Valkea Resources, effective immediately, while Chris Donaldson has stepped down as CEO, Director and Chairman. Louis Archambeault, an independent director since 2018, becomes Interim Chairman, and Eric Zaunscherb and George Salamis are stepping down from the Board. Dr Chris Bonson has been appointed Vice President, Exploration, working with Technical Advisor Dr Charlotte Seabrook on Valkea's 350km2 land package in Northern Finland.
ManagementValkea Raises C$2.5M in Private Placement Financing
A non-brokered private placement closed for gross proceeds of C$2.5 million through the issue of 10,000,000 units at $0.25 per unit, each unit comprising one common share and one-half warrant exercisable at C$0.35 for 36 months. Finders received $49,500 cash and 198,000 warrants at $0.35 until January 14, 2029; directors and officers subscribed for 220,500 units for $55,000. Proceeds will fund exploration at the Paana project in Central Lapland, Finland, and working capital. The Company also granted 1,000,000 options to consultants at $0.40 for five years.
Financing
202529 releases
Valkea Announces Private Placement Of Up To $2.5 Million
A non-brokered private placement of up to 10,000,000 units at C$0.25 per unit for gross proceeds of up to C$2,500,000 has been launched. Each unit includes one common share and one-half warrant exercisable at C$0.35 for 36 months. Closing is expected on or about January 15, 2026, subject to TSX Venture Exchange and other approvals, with a four-month hold period; finder's fees may be paid. Proceeds are designated for exploration and working capital.
FinancingValkea Cancels Non-Brokered Private Placement
The previously announced non-brokered private placement, disclosed in an October 21, 2025 news release, will not proceed. The offering had been planned under the Listed Issuer Financing exemption in Part 5A of National Instrument 45-106 Prospectus Exemptions. Valkea Resources (TSX.V: OZ; OTCQB: OZBKF) is a gold explorer in Finland's Central Lapland Greenstone Belt, with the Paana project as its flagship.
FinancingValkea Announces Private Placement Of Up To $3 Million
A non-brokered private placement of up to 6,000,000 units at C$0.50 per unit for gross proceeds of up to C$3,000,000 has been launched by Valkea Resources Corp. Each unit includes one common share and one-half warrant exercisable at C$0.65 for 24 months, subject to acceleration if shares close at or above $0.90 for ten consecutive trading days. Proceeds will fund exploration and working capital; finders may receive a 6% cash fee and 6% finder's warrants.
Financing