Business
Valkea Resources Announces Early Exercise of Warrants by Management and Shareholders
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) (the "Company" or "Valkea") is pleased to announc
About this update from Valkea Resources Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) (the \"Company\" or \"Valkea\") is pleased to announce the early exercise of 4.5M warrants by management and cornerstone shareholders. Proceeds from the exercise will be used for general corporate purposes, strengthening the technical team in Finland and expediting certain programs with the goal of timely recommencement of drilling later in the year. Following the early warrant exercise, the Company has cash of C$3.2M and 65.2M issued shares outstanding (93.1M shares on a fully diluted basis). \"The early exercise of warrants is a clear endorsement of the Company's assets and strategic direction established following the recent management transition,\" stated Thomas Credland, President and CEO of Valkea Resources. \"With the expected consolidation of the Central Lapland Greenstone Belt by Agnico Eagle Mines Limited, Valkea is now uniquely positioned as the largest independent Finland-focussed explorer and the second-largest holder of prospective ground in this highly endowed district. Underpinned by a strengthened technical and leadership team, we are systematically developing our prospect pipeline with the goal of recommencing drilling on the highest-priority targets in the second half of the year.\" About Valkea Resources Valkea Resources is a mineral exploration company focussed on a portfolio of properties in the Central Lapland Greenstone Belt of Northern Finland. It is developing a proprietary regional geological model and will employ a proven exploration methodology to systematically generate and progress gold and base metals targets with potential to become high quality mines of the future. Contact Information For more information please contact: Thomas Credland, President, Chief Executive Officer and Director Tel: +44 7775 501 431 | Email: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statements This news release contains forward-looking statements or forward-looking information relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements ...