Tillkännagivande • 2h
Valkea Resources Outlines Systematic Exploration Program In Central Lapland Greenstone Belt Valkea Resources commenced a systematic four-phase exploration program to be undertaken over a 12-month cycle, where new high-ranking prospects will be expedited for reconnaissance base-of-till drilling (BoT), followed by systematic diamond drilling (DDH) of the most prospective targets commencing in the second half of 2026. Valkea plans to initially complete around 6,000 points of BoT and up to 10,000 metres of DDH drilling on the targets, initially at the more advanced Paana property, with a longer-term plan to develop an expanded exploration pipeline to include targets from the other 100% owned Valkea properties. Valkea's initial systematic exploration plan is outlined below: Phase 1. Initial review and mineral asset evaluation (ongoing to July): Review of Valkea properties and datasets with the goal of developing a prospect pipeline of more than 20 targets based on a proprietary regional geological model and interpretation. Phase 2. Detailed exploration planning (July to August): Identification of the best five to 10 targets ranked by prospectivity, permit status and access. Baseline environmental studies and stakeholder engagement to commence. Phase 3. Exploration campaign (August to March): Goal of around 6,000 points of BoT and 5,000m to 10,000 m of diamond drilling on the best five to 10 targets. Phase 4. Review, evaluation and planning (ongoing): Review of drilling results and continual assessment of opportunities to consolidate, divest or permit new properties. Valkea's 350 km2 of landholdings currently include six project areas that span highly prospective regional geological structures with a total trace length of more than 50 kilometres. The Paana project covers extensions of regional shear zones and large-scale fold structures considered highly prospective for orogenic gold mineralisation within the same stratigraphic suite that hosts Agnico Eagle's Suurikuusikko deposit (Kittilä mine), 16 km southeast. New interpretations of public and proprietary geophysical data (i.e., aeromagnetic, electromagnetic (EM), and VTEM surveys) combined with an assessment of the efficacy and underlying geochemical traits of existing BoT data have identified 12 new targets within Paana that are currently undergoing ranking for new BoT and DDH drill testing over the 2026/27 drill season. These targets include a combination of anomalous gold in BoT, highly conductive features on EM, prospective structural settings and potential lithological traps (e.g. ironstones and graphitic tuffs). Further drilling of strike and depth extensions on the advanced Aarnivalkea West target will be considered after review of the geological model by the new technical team and will incorporate Valkea's relogging of existing core and new drilling in 2025. In addition, diagnostic metallurgical test work of representative mineralisation from Aarnivalkea West will be undertaken over the next few months. Mineralisation was originally discovered in the Rova licence during BoT sampling in 1983, which included one sample grading 3.97 g/t Au and 0.5% Cu. A subsequent reconnaissance ionic leach program outlined a strong Au-Cu-Sb-As-Ag anomaly approximately 1.3 km south of the initial BoT sampling. Further work in 2026 may include geological mapping and sampling along the trend, as well as BoT drilling across the known anomalous area and structural features picked from an updated interpretation of regional GTK geophysics. The Pahasvuoma licence straddles the northern continuation of the N-S striking Hanhimaa Shear Zone. A reconnaissance ionic leach program undertaken by S2 Resources defined two Au-As-Ag anomalies spanning lithological contacts in the west and centre of the licence, each with a strike length of 1.5 to 2 km. Follow-up work at Pahasvuoma in 2026 is planned to include acquisition and interpretation of a UAV-magnetic survey and BoT drilling to test the extent and nature of the ionic leach anomalies. The Putaanperä licence encompasses a 3.5 km segment of the highly prospective Sirkka Shear Zone, a regional structure that, along with associated features, is interpreted to host numerous mineral gold occurrences, potentially including Rupert Resource's Ikkari gold discovery (45 km to the southeast). Following a revised structural interpretation, Valkea plans to progress exploration of the licence by testing the existing geochemical anomaly with BoT drilling. The Sikavaara East and West licences have been explored under a JV with Rupert Resources since 2021. The properties are located ~12 km west of Rupert Resources' Ikkari discovery and ~20 km downtrend from Agnico Eagle's Kittilä Mine, encompassing a 10 km strike length of the regional Sirkka Shear Zone. Under the terms of the joint venture, Rupert Resources agreed to a total spending commitment of CAD 5 million to earn a 70% interest over six years in two stages. Rupert completed Stage 1 with an initial CAD 1.7 million spent over three years and elected to enter Stage 2 for an additional CAD 3.3 million exploration spend. If Stages 1 and 2 are not completed, the licences revert 100% to Valkea. The Palvanen property hosts a number of regional structures including the interpreted continuation of the Kiistala Thrust, host to the multi-million-ounce Kittilä Mine. Valkea plans to undertake analysis of the existing extensive dataset in 2026 to further its understanding of the geology of Palvanen and its potential to host either a new standalone Tier 1 or Tier 2 orebody, or satellite mineralisation that could be processed through one of two mills expected to be operational within a decade at Kittilä Mine and Ikkari. The disclosure of technical or scientific information in this press release has been reviewed and approved by Dr Chris Bonson. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Valkea and may, in some instances, be unverifiable. Mineralisation hosted on adjacent and/or nearby projects is not necessarily indicative of mineralisation hosted on Valkea's projects. Recent Insider Transactions • 22h
President recently bought CA$400k worth of stock On the 16th of June, Thomas Credland bought around 1m shares on-market at roughly CA$0.40 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Tillkännagivande • Jun 16
Valkea Resources Corp announced that it has received CAD 8 million in funding On June 16, 2026, Valkea Resources Corp closed the transaction. The company issued 20,000,000 common shares at an issue price of CAD 0.40 for gross proceeds of CAD 8,000,000. The company issued 75,000 as partial exercise of the agents’ option. Thomas Credland an existing insider of the company, participated in the offering and acquired 1,000,000 common shares for aggregate proceeds of CAD 400,000. Louis Archambeault, also an existing insider of the company, participated in the offering and acquired 625,000 common shares for aggregate gross proceeds of CAD 250,000. The offering remains subject to the final approval of the TSXV. New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.4m free cash flow). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$28.7m market cap, or US$20.8m). New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$42.4m market cap, or US$30.9m). 