Vancouver, British Columbia--(Newsfile Corp. - March 25, 2024) - Valhalla Metals Inc. (TSXV: VMXX) (OTCQB: VMXXF) ("Valhalla" or the "Company") is pleased to provide an update on the Ambler Mining District Access Road.
In a recent Reuters article was reported that Alaska Governor Mike Dunleavy is asking U.S. President Joe Biden to approve the Ambler Access Road, a proposed 211-mile, industrial-use-only road from the Ambler Mining District to the Dalton Highway.
Speaking to Reuters at the S&P Global's CERAWeek conference last week and referring to the Ambler Access Road, Alaska Governor Mike Dunleavy stated: "I hope it's approved this year. But if it's a post-election decision and there's a new administration, I hope it's approved immediately."
The proposed Ambler Access Road is planned to cross Valhalla State mining claims at the Sun project and would unlock a host of critical and strategic metals located in the Ambler Mining District - all metals necessary for the green energy and transportation transition.
Rick Van Nieuwenhuyse, Valhalla's Chairman stated: "It's great to see the support of Alaska's Governor Dunleavy who understands the importance of developing Alaska's critical metals. It is clear that if the US Federal Government really wants a domestic source of strategic metals that they need to start permitting projects like the Ambler Road that will open up development of an entire mining district that can produce a range of metals needed for the green energy and transportation transition. The Ambler Road was an ANILCA promise written into law over 40 years ago - it's time to make true on that promise."
A link to the Reuters article can be found here: https://www.mining.com/web/alaska-governor-calls-on-biden-to-update-mine-permit-process/
The Ruby Tribal Council announced on March 20, 2024, that it has officially passed Resolution 2024-05 declaring its support for the Ambler Access Project, also known as the Ambler Road. The resolution was passed unanimously and shows the Ruby Tribe's recognition of the Ambler Road's importance.
Chief Patrick McCarty, First Chief of the Ruby Tribal Council stated: "The Ruby Tribal Council is dedicated to ensuring jobs and opportunities for our children and grandchildren. The resolution stands as a testament to our village's dedication to responsible resource development. We want to have a say over our future and supporting the Ambler Road is one way we can plan for future generations."
A link to the full resolution can be found here https://valhallametals.com/wp-content/uploads/2024/03/Ruby-Tribal-Council-Resolution-of-Support-for-Ambler-Road-3-20-2024.pdf
About Valhalla Metals
Valhalla Metals Inc. is a mineral exploration and development company focused on the advancement of its mineral projects towards feasibility. Valhalla's flagship project is the Sun copper-zinc-lead-gold-silver VMS projects located in Ambler Mining District, Northwest Alaska. The Company also owns the Smucker project, a high-quality copper-zinc-lead-gold-silver VMS project located in the Ambler Mining District, Northwest Alaska. Valhalla Metals Inc. shares trade on the TSX-V under the ticker symbol VMXX and OTCQB under the ticker symbol VMXXF. For more information about Valhalla, please visit our website at www.valhallametals.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For more information on the Company, please contact Valhalla Metals Inc.
Sorin Posescu, Chief Executive Officer
Email: invest@valhallametals.com
Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plan", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based, are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSX-V and applicable Canadian securities regulators. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
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