New Risk • May 27
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$52k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-US$52k). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (CA$84.9m market cap, or US$61.4m). Announcement • May 01
Valhalla Metals Inc. announced that it expects to receive CAD 5 million in funding from Teck Resources Limited, Marubeni Corporation and other investors Valhalla Metals Inc. announced a non-brokered private placement of 7,692,307 subscription receipts at a price of CAD 0.65 per subscription receipt for aggregate gross proceeds of CAD 4,999,999.55 on April 30, 2026. The transaction will include participation from new investors, Teck Resources Limited for CAD 1,750,000 and Marubeni Corporation for CAD 1,700,000 and with lead
orders from major shareholders. The completion of the offering is a condition to the closing of the transaction which is expected to be completed in June 2026. The offering is subject to customary closing conditions. The company may pay finder's fees in connection with the offering, in accordance with applicable securities laws and the policies of the TSX Venture Exchange, if applicable; provided, however, that only 50% of such finder's fees may be payable upon the purchase of subscription receipts, with the remaining finder's fees being payable upon the satisfaction of the escrow release conditions. The subscription receipts, and the common shares issuable upon conversion thereon, will be subject to a four-month hold period under applicable securities laws. Announcement • Apr 29
Valhalla Metals Inc., Annual General Meeting, Jun 30, 2026 Valhalla Metals Inc., Annual General Meeting, Jun 30, 2026. Location: british columbia, vancouver Canada 
