Valhalla Metals Identifies Multiple Untested VTEM Conductive Targets at the Sun Project

Valhalla Metals Inc. announced the identification of multiple untested airborne VTEM conductive targets at its Sun project in the Ambler Mining District, Alaska. Four key target areas, designated A through D, were defined from 3D conductivity inversion of recent survey data. Targets A, B, and C represent high-priority, untested anomalies with significant modeled vertical extents ranging from 600m to 1,000m+ within the same volcanic-sedimentary package hosting known VMS deposits.

The release reinforces the district-scale potential of the Sun project, highlighting a fully funded 2026 drill program and referencing previous high-grade 2023 drill results and a defined NI 43-101 mineral resource.

Corporate matters include the granting of 3,171,000 stock options at $0.70 exercise price, 1,209,000 RSUs vesting after twelve months, and the engagement of Independent Trading Group for automated market-making services.

Valhalla Metals Inc. (VMXX) released a standard pre-drill geophysical update that supports the 2026 exploration program, which was announced and fully funded in July 2026. The report provides incremental detail on target prioritization but introduces no new financial commitments, regulatory breakthroughs, or material changes to the company's capital structure. The identification of deep, untested conductors aligns with management's stated objectives to expand the known resource downdip and along strike.

There is no material positive or negative deviation from prior expectations. The update is expected, incremental, and a direct follow-up to the July 2026 drilling commencement announcement.

Valhalla Metals Inc. (VMXX) is a pre-revenue junior exploration company focused on critical base and precious metals in Alaska's Ambler Mining District. The company is currently in the exploration and resource expansion phase, with no production history or proven reserves.

Its flagship asset is the Sun Project, a volcanogenic massive sulphide (VMS) deposit that holds a NI 43-101 mineral resource of 1.71 million tonnes Indicated and 9.02 million tonnes Inferred. In June 2026, the company acquired the Smucker Project from Teck Resources, adding high-grade copper-gold-silver-zinc VMS potential to its land package. Valhalla Metals' strategy hinges on consolidating assets in the Ambler District to support the economic case for the proposed Ambler Access Road, a critical infrastructure project that would provide surface access to the deposits.