Clear Commodity Network Clear Commodity Network
  • Home
  • Metals
  • Energy
  • Agriculture
  • Podcasts
  • Playlists
  • Prices
Clear Commodity Network Clear Commodity Network Clear Commodity Network Clear Commodity Network
  • Home
  • Metals
  • Energy
  • Agriculture
  • Podcasts
  • Playlists
  • Prices
Cover for Valkea Resources - Now Trading - Transformational Acquisition & New Focus in Finland's Gold-Rich Central Lapland Greenstone Belt

Valkea Resources - Now Trading - Transformational Acquisition & New Focus in Finland's Gold-Rich Central Lapland Greenstone Belt

September 26, 2024
  • Company
KEReport
By KEReport
KEReport

Valkea Resources (TSX.V:OZ - OTCQB:OZBKF - FSE:S600) has resumed trading today after completing the acquisition of a portfolio of gold projects in the central Lapland greenstone gold belt in Finland. 

Chris Donaldson, President and CEO of Valkea Resources joins me to provide an overview of the projects and exploration strategy. 

We focus primarily on the Panna Project. This project is located near the Kittilä mine, Europe’s largest gold mine, and hosts walk-up drill targets on the back of discoveries made by the last owner of the project, Australian company S2 Resources. Initial drilling intersected nearly 7 meters at 12 grams per ton (g/t) gold and 20 meters at 4 g/t gold. 

Valkea Resources is strategically positioned with several 100% owned projects and joint ventures with industry majors, Kinross Gold and Rupert Resources, who are also active in the area. 

Financially, the company has raised $5 million to close the acquisition, leaving them with about $3 million in the bank for immediate exploration activities. The company has planned a $1-2 million drilling program over the next 12 months. Chris also sheds light on the company’s share structure post-transaction, totaling just over 32 million shares outstanding, giving them a market cap around $13 million CAD.

Any follow up questions for Chris can be emailed to me directly at Fleck@kereprot.com. 

Click here to visit the Valkea Resources website to learn more about the Company.  

 

 

KEReport
KEReport
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap companies. Interviews are published daily to help investors navigate the markets.
View all podcast by KEReport

Subscribe for Clear Insights

Freshly dropped news & interviews delivered to your inbox daily.
Please review our Disclaimer and Privacy Policy.

More Clear Commentary:

Cover for Founders Metals - Drill Results Recap: Expanding Gold Zones and Defining New Potential at the Antino Property

Founders Metals - Drill Results Recap: Expanding Gold Zones and Defining New Potential at the Antino Property

Cover for Radisson Expands Drill Program at O'Brien with Results Imminent

Radisson Expands Drill Program at O'Brien with Results Imminent

Cover for Guardian Metal Resources – Exploring And Developing 2 Tungsten And Critical Minerals Projects In Nevada

Guardian Metal Resources – Exploring And Developing 2 Tungsten And Critical Minerals Projects In Nevada

Cover for Erik Wetterling - Value Proposition In Heliostar Metals, Amex Exploration, and Blackrock Silver

Erik Wetterling - Value Proposition In Heliostar Metals, Amex Exploration, and Blackrock Silver

Cover for New Gold Explorer in the Abitibi | Harvest Gold CEO Interview

New Gold Explorer in the Abitibi | Harvest Gold CEO Interview

Cover for Minaurum’s Fully Permitted, High-Grade Alamos Set to Expand

Minaurum’s Fully Permitted, High-Grade Alamos Set to Expand

  • Tweet
  • Share
  • Share
  • Share
  • Share
  • Share
  • Tweet
  • Share
  • Share
  • Share
  • Share
  • Share