Valhalla Metals Inc. · TSXV:VMXX
Valhalla Metals — Investor Presentation (October 2026)
27 slides from Valhalla Metals's investor presentation, October 2026
Slide 1: World Class Ambler Mining District
CORPORATE PRESENTATION · OCTOBER 2026 WORLD CLASS AMBLER MINING DISTRICT Sun VMS Project | Smucker VMS Project | Alaska, USA TSXV: VMXX OTCQB: VMXXF
Slide 2: Forward Looking Statements
CAUTIONARY NOTES FORWARD LOOKING STATEMENTS Information set forth in this presentation involves forward-looking statements, including but not limited to Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that comments regarding timeline, predictions
Slide 3: Forward Looking Statements
CAUTIONARY NOTES FORWARD LOOKING STATEMENTS HISTORICAL ESTIMATES OF MINERAL RESOURCES AND HISTORICAL DRILLING CAUTIONARY NOTE TO U.S. READERS CONCERNING MINERALIZATION ESTIMATES RESULTS AT THE SMUCKER PROPERTY Technical disclosure regarding the Sun project has not been prepared in accordance with th
Slide 4: Valhalla Acquired Smucker Property from Teck
TRANSFORMATIVE TRANSACTION FOR VALHALLA · TRANSACTION SUMMARY VALHALLA ACQUIRED SMUCKER PROPERTY FROM TECK 01 44,813,642 On June 1, 2026, Valhalla completed the acquisition of the Smucker Project from Teck for 44,813,642 Valhalla Shares, representing 35% of the issued and outstanding shares Valhalla
Slide 5: Valhalla Consolidated Two Critical Mineral Projects in the Ambler Mining District
THE DISTRICT VALHALLA CONSOLIDATED TWO CRITICAL MINERAL PROJECTS IN THE AMBLER MINING DISTRICT SUN 43-101 RESOURCE Indicated: 1.7Mmt @ 4.2% CuEq* Inferred: 9Mmt @ 4.2% CuEq* SMUCKER HISTORICAL RESOURCE 11.8 Mtons @ 6.6% CuEq* HISTORIC RESOURCE - IS NOT NI 43-101 COMPLIANT AND NOT VERIFIED BY A QUALI
Slide 6: Capital Structure
TSX VENTURE: VMXX CAPITAL STRUCTURE C$0.56 SHAREHOLDERS Share Price (October 1, 2026) Market Capitalization C$85M 151.1M Common Shares Outstanding 151,140,901 SHARES OUTSTANDING Options at $0.50 and $0.60 6,771,000 RSUs 1,208,000 36% Management & Board 31% Teck 13% Marubeni 20% Retail ¹See Cautionar
Slide 7: Valhalla Overview
AT A GLANCE VALHALLA OVERVIEW LOCATION EXPERIENCED MANAGEMENT TEAM ▪ Assets located in a safe and mining friendly tier-1 jurisdiction – Alaska, ▪ Award winning strong management team and board with track record of USA major discoveries and project development ▪ Alaska has attracted significant inves
Slide 8: Leadership Team
LEADERSHIP LEADERSHIP TEAM BOARD OF DIRECTORS MANAGEMENT RICK VAN NIEUWENHUYSE SORIN POSESCU SORIN POSESCU CHAIRMAN & DIRECTOR PRESIDENT, CEO & DIRECTOR PRESIDENT, CEO & DIRECTOR ▪ President & CEO of Contango Ore, developing the Manh Choh ▪ 25 years of experience in the natural resource sector with
Slide 9: Mining in Alaska
JURISDICTION MINING IN ALASKA Ranked a Top Tier Mining Jurisdiction AMBLER MINING DISTRICT FRASER INSTITUTE 2021 ANNUAL SURVEY OF MINING COMPANIES SUN + SMUCKER PROJECTS #1 #2 #4 #9 SMUCKER SUN Ranked 1st Ranked 2nd Ranked 4th Ranked 9th worldwide for worldwide for Best worldwide for worldwide for S
Slide 10: Ambler Mining District – Alaska, U.S.A.
THE DISTRICT AMBLER MINING DISTRICT – ALASKA, U.S.A. ▪ World Class Mining District ▪ Multi-Billion Pounds of Copper and Zinc – metals critical to a carbon-free future ▪ Host of multiple High-Grade Copper, Zinc, Lead, Gold & Silver Deposits ▪ Recent Significant Investments from South32, Marubeni and
Slide 11: Ambler Access Project
INFRASTRUCTURE AMBLER ACCESS PROJECT¹ ¹See slide 2 for Cautionary Notes regarding the proposed Ambler Road. 11 TSXV: VMXX OTCQB: VMXXF
Slide 12: Access: Proposed Ambler Road
INFRASTRUCTURE ACCESS: PROPOSED AMBLER ROAD¹ 01 Current Sun camp is accessible only via small fixed wing aircraft 02 AIDEA is evaluating placement of larger strip near Sun Camp 03 Approved Ambler Road will cross Valhalla State mining claims just north of the existing airstrip, eliminating the need f
Slide 13: Sun Project
AMBLER MINING DISTRICT · ALASKA SUN PROJECT TSXV: VMXX OTCQB: VMXXF
Slide 14: Asset Summary
SUN PROJECT ASSET SUMMARY LOCATION Located in the Ambler Mining District – Alaska, U.S.A. PROPERTY Resource stage, Cu-Zn-Pb-Au-Ag VMS project LAND PACKAGE 392 state mining claims, 62,720 acres adjacent to Ambler Metals ACCESS Fixed Wing Aircraft SUN PROJECT · 2026 INFRASTRUCTURE Airstrip, Camp HISTO
Slide 15: 43-101 Mineral Resources
SUN PROJECT 43-101 MINERAL RESOURCES¹ CLASSIFICATION TONNES ZINC COPPER LEAD SILVER GOLD ZINC COPPER LEAD SILVER GOLD % % % g/t g/t lbs x 1000 lbs x 1000 lbs x 1000 oz oz Indicated 1,713,000 4.32 1.48 1.11 60 0.21 162,962 55,846 42,035 3,307,000 12,000 Inferred 9,018,000 4.18 1.21 1.46 81.7 0.25 831
Slide 16: Geologic Cross Section
SUN PROJECT GEOLOGIC CROSS SECTION Note 1: See slides 2 and 3 for Cautionary Notes regarding historic drilling results and Data Sources. Photo from Andover Mining, 2012. 16 TSXV: VMXX OTCQB: VMXXF
Slide 17: 2023 Sun Project Exploration Program
SUN PROJECT 2023 SUN PROJECT EXPLORATION PROGRAM Built a brand new 24-man camp LiDAR and orthophoto Ground Gravity survey Drilling of four holes for 1,104 meters Relogging of six historic drill holes for 1,416 meters SUN CAMP 17 TSXV: VMXX OTCQB: VMXXF
Slide 18: Drilling and Assays Results
2023 SUN PROJECT DRILLING AND ASSAYS RESULTS HOLE FROM (M) TO (M) LENGTH (M) CUEQ% CU% PB% ZN% AU G/T AG G/T Sun23-01 175.58 189.32 13.7 3.07 1.24 0.92 3.45 0.16 55.79 including 178.92 189.32 10.4 3.11 1.27 1.03 3.36 0.17 56.97 178.92 182.71 3.8 4.58 1.47 1.92 5.62 0.22 98.78 175.58 177.33 1.8 5.49
Slide 19: 2023 Drilling - Plan View
SUN PROJECT · AMBLER MINING DISTRICT, ALASKA 2023 DRILLING - PLAN VIEW Historic and 2023 drillholes over the Sun deposit area. See Cautionary Notes on slides 2 and 3. 19 TSXV: VMXX OTCQB: VMXXF
Slide 20: Cross Section: Geology and Assay Results
2023 SUN PROJECT EXPLORATION PROGRAM CROSS SECTION: GEOLOGY AND ASSAY RESULTS See Cautionary Notes on slides 2 and 3. 20 TSXV: VMXX OTCQB: VMXXF
Slide 21: Sun Project: Exploration Potential
SUN PROJECT · 2019 AIRBORNE VTEM CONDUCTIVITY SUN PROJECT: EXPLORATION POTENTIAL ▪ First pass review of VTEM survey provided preliminary modeling of anomalies at Main Sun and Anomaly C ▪ Main Sun (A) open along strike and down-dip and never tested beyond 200m depth ▪ Anomaly (C) – possible recumbent
Slide 22: Sun Project: Exploration Potential
SUN PROJECT · VTEM PLAN VIEW SUN PROJECT: EXPLORATION POTENTIAL ▪ Main Sun (A) open along strike and down-dip and never tested beyond 200m depth ▪ Western Anomaly (B) - coincident surface geochemical anomaly – 2.5km diameter near surface conductor – Same volcanic-sediment package that hosts other VM
Slide 23: Smucker Project
AMBLER MINING DISTRICT · ALASKA SMUCKER PROJECT TSXV: VMXX OTCQB: VMXXF
Slide 24: Asset Summary
SMUCKER PROJECT ASSET SUMMARY LOCATION Located in the Ambler Mining District – Alaska, U.S.A. PROPERTY Resource stage¹, Cu-Zn-Pb-Au-Ag VMS project LAND PACKAGE 160 state mining claims, 21,600 acres SMUCKER PROJECT HISTORY It was first discovered in 1975 by Anaconda. Extensive exploration work was un
Slide 25: Historic Resources
SMUCKER PROJECT HISTORIC RESOURCES ANACONDA MINERALS COMPANY HISTORIC RESOURCE ESTIMATE 1981¹ CLASSIFICATION TONS ZINC COPPER LEAD SILVER GOLD CUEQ* % % % oz/t oz/t % Historic Anaconda Pre-43-101 11,843,401 6.61 0.94 2.29 5.28 0.026 6.6 HISTORIC RESOURCE - IS NOT NI 43-101 COMPLIANT AND NOT VERIFIED
Slide 26: Why Invest in Valhalla
SUMMARY WHY INVEST IN VALHALLA Multi-asset Cu-Zn-Pb-Ag-Au VMS opportunities Near-term opportunity to expand the known mineralization and test new prospects Investment and support from a Tier 1 mining and copper smelting companies – Teck and Marubeni Located in a safe Tier 1 mining jurisdiction – Ala
Slide 27: Thank You
AMBLER MINING DISTRICT · ALASKA THANK YOU Email: invest@valhallametals.com www.valhallametals.com TSXV: VMXX OTCQB: VMXXF
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