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Valhalla Metals raises $13.25M in first tranche of private placement to fund exploration and acquisition.

Company Fundamentals
19 May 2026
Newsfile Corp
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Bullish
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Valhalla Metals Inc. completed the first tranche of its oversubscribed private placement, raising approximately $13.25 million by issuing over 20 million subscription receipts at $0.65 each. This funding supports the company's acquisition of the Smucker Project from Teck Resources and will finance exploration activities at its Sun Property and Smucker Project. The transaction is expected to close by late May or early June 2026, with a final tranche of the offering anticipated soon. The offering is subject to TSX Venture Exchange approval and includes a hold period on securities issued.

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