# Valhalla acquires Smucker, raises C$15M

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d

Original source: https://www.miningnewsnorth.com/story/2026/06/05/news-nuggets/valhalla-acquires-smucker-raises-c15m/9700.html

Publisher: miningnewsnorth

Original announcement: 2026-06-12T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-19T08:07:26.276Z

Atlas analysis updated: 2026-09-19T08:07:26.276Z

- Company: Valhalla Metals Inc.

- Ticker: Unavailable

- Exchange: Unavailable

- Region: Alaska

- Primary commodity: Copper

- Secondary commodities: Zinc, Lead, Silver, Gold

- Document categories: Drill results, Agreement transaction, Capital raise, Resource update

- Extracted: 2026-09-19 08:07:26 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Valhalla Metals Inc. announced the completion of its acquisition of the Smucker copper-zinc-lead-silver project and a C$15 million financing. This expands Valhalla's presence in Alaska's Ambler Mining District, with plans for drilling at Smucker in 2027 and continued exploration at its Sun VMS project this summer. The financing included investments from Teck and Marubeni Corp., solidifying strategic partnerships and funding future exploration.

Reasoning: Valhalla Metals successfully acquired the Smucker project, secured C$15 million in financing with strategic investors, and outlined plans to advance exploration in the Ambler Mining District, significantly expanding its project portfolio and funding future work.

- Positive factor: Acquisition of the silver-rich Smucker VMS project doubles exposure in a prolific district.

- Positive factor: Successful C$15 million financing provides funds for exploration.

- Positive factor: Strategic investments from Teck and Marubeni Corp. strengthen partnerships.

- Positive factor: Expanded project portfolio in Alaska's Ambler Mining District.

- Positive factor: Planned drilling at Sun deposit for resource expansion this summer.

- Negative factor: Smucker project drilling is planned for 2027, indicating a longer lead time.

- Negative factor: Smucker resource is historical, requiring verification.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 37

## Classification and evidence

**Acquisition Complete**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Valhalla Metals Inc. announced the closing of its purchase of the Smucker project.

Evidence · text

> Valhalla Metals Inc. June 1 announced the closing of its purchase of the Smucker copper-zinc-lead-silver project

**Capital Raise Complete**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Valhalla Metals Inc. announced the closing of a C$15 million financing.

Evidence · text

> a C$15 million \($10.8 million\) financing to fund exploration of its expanded portfolio

**Strategic Investor**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Teck invested C$1.75 million and Marubeni Corp. acquired C$1.7 million of receipts in the financing.

Evidence · text

> Teck, which was issued 44.81 million Valhalla shares in exchange for the Smucker property, invested C$1.75 million \($1.26 million\) in the financing. Marubeni Corp., a major Valhalla shareholder, acquired approximately C$1.7 million \($1.23 million\) of the receipts offered during the financing.

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: Smucker hosts 11.84 million metric tons of historical resource.

Evidence · text

> Smucker hosts a volcanogenic massive sulfide \(VMS\) deposit discovered by Anaconda in 1975 with 11.84 million metric tons of historical resource

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: Sun hosts 1.71 million metric tons of indicated resource.

Evidence · text

> Sun hosts 1.71 million metric tons of indicated resource

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: Sun hosts 9.02 million metric tons of inferred resource.

Evidence · text

> plus 9.02 million metric tons of inferred resource

**Step-Out Extension**

Polarity: positive

Story-specific tag

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The 2023 drill program at Sun included step-out drilling designed to test mineralization continuity along strike and down-dip.

Evidence · text

> Highlights from this step-out drilling include:

## Extracted facts

Stored fact records: 35. Some facts used in scoring do not have a stored record.

## Drill Results (20)

### Sun 23-01

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-17)

Sun · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-01
- Project: Sun
- Commodity: zinc
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 3.45
- Grade Unit: %
- Intercept: 13.7 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: This 2023 step-out drill intercept shows good zinc mineralization over a solid width, confirming continuity.

- Positive factor: Good zinc grade over a significant width in step-out drilling.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 13.7 meters averaging 3.45% zinc

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-01

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-18)

Sun · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-01
- Project: Sun
- Commodity: copper
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 1.24
- Grade Unit: %
- Intercept: 13.7 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a good copper grade, enhancing the polymetallic value.

- Positive factor: Solid copper grade contributing to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 1.24% copper

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-01

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-19)

Sun · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-01
- Project: Sun
- Commodity: lead
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 0.92
- Grade Unit: %
- Intercept: 13.7 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a lead grade, contributing to the polymetallic mineralization.

- Positive factor: Lead grade adds to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 0.92% lead

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-01

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-20)

Sun · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-01
- Project: Sun
- Commodity: silver
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 55.8
- Grade Unit: g/t
- Intercept: 13.7 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept shows a good silver grade, enhancing the overall value.

- Positive factor: Good silver grade provides valuable byproduct credits.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 55.8 g/t silver

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-01

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-21)

Sun · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-01
- Project: Sun
- Commodity: gold
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 0.16
- Grade Unit: g/t
- Intercept: 13.7 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a gold grade, contributing to the polymetallic mineralization.

- Positive factor: Gold grade contributes to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 0.16 g/t gold in hole Sun 23-01.

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-02

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-22)

Sun · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-02
- Project: Sun
- Commodity: zinc
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 2.28
- Grade Unit: %
- Intercept: 10.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: This 2023 step-out drill intercept shows good zinc mineralization over a solid width, confirming continuity.

- Positive factor: Solid zinc grade over a good width in step-out drilling.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 10.8 meters averaging 2.28% zinc

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-02

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-23)

Sun · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-02
- Project: Sun
- Commodity: copper
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 0.69
- Grade Unit: %
- Intercept: 10.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a copper grade, enhancing the polymetallic value.

- Positive factor: Copper grade contributes to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 0.69% copper

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-02

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-24)

Sun · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-02
- Project: Sun
- Commodity: lead
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 0.73
- Grade Unit: %
- Intercept: 10.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a lead grade, contributing to the polymetallic mineralization.

- Positive factor: Lead grade adds to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 0.73% lead

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-02

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-25)

Sun · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-02
- Project: Sun
- Commodity: silver
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 53.77
- Grade Unit: g/t
- Intercept: 10.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept shows a good silver grade, enhancing the overall value.

- Positive factor: Good silver grade provides valuable byproduct credits.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 53.77 g/t silver

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-02

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-26)

Sun · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-02
- Project: Sun
- Commodity: gold
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 0.12
- Grade Unit: g/t
- Intercept: 10.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a gold grade, contributing to the polymetallic mineralization.

- Positive factor: Gold grade contributes to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 0.12 g/t gold in hole Sun 23-02

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-03

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-27)

Sun · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-03
- Project: Sun
- Commodity: zinc
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 3.35
- Grade Unit: %
- Intercept: 13.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: This 2023 step-out drill intercept shows good zinc mineralization over a solid width, confirming continuity.

- Positive factor: Good zinc grade over a significant width in step-out drilling.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 13.8 meters averaging 3.35% zinc

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-03

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-28)

Sun · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-03
- Project: Sun
- Commodity: copper
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 1.89
- Grade Unit: %
- Intercept: 13.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a strong copper grade, enhancing the polymetallic value.

- Positive factor: Strong copper grade contributing significantly to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 1.89% copper

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-03

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-29)

Sun · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-03
- Project: Sun
- Commodity: lead
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 1.23
- Grade Unit: %
- Intercept: 13.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a good lead grade, contributing to the polymetallic mineralization.

- Positive factor: Good lead grade adds to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 1.23% lead

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-03

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-30)

Sun · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-03
- Project: Sun
- Commodity: silver
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 94.4
- Grade Unit: g/t
- Intercept: 13.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept shows a very good silver grade, significantly enhancing the overall value.

- Positive factor: Very good silver grade provides significant byproduct credits.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 94.4 g/t silver

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-03

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-31)

Sun · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-03
- Project: Sun
- Commodity: gold
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 0.29
- Grade Unit: g/t
- Intercept: 13.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a gold grade, contributing to the polymetallic mineralization.

- Positive factor: Gold grade contributes to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 0.29 g/t gold in hole Sun 23-03.

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-04

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-32)

Sun · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-04
- Project: Sun
- Commodity: zinc
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 11.03
- Grade Unit: %
- Intercept: 21.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: This 2023 step-out drill intercept shows exceptional zinc mineralization over a substantial width, indicating strong continuity and high-grade potential.

- Positive factor: Exceptional zinc grade over a significant width in step-out drilling.

- Positive factor: High grade-width product.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 21.4 meters averaging 11.03% zinc

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-04

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-33)

Sun · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-04
- Project: Sun
- Commodity: copper
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 1.31
- Grade Unit: %
- Intercept: 21.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a good copper grade, enhancing the polymetallic value.

- Positive factor: Solid copper grade contributing to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 1.31% copper

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-04

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-34)

Sun · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-04
- Project: Sun
- Commodity: lead
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 3.23
- Grade Unit: %
- Intercept: 21.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a strong lead grade, contributing significantly to the polymetallic mineralization.

- Positive factor: Strong lead grade adds significantly to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 3.23% lead

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-04

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-35)

Sun · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-04
- Project: Sun
- Commodity: silver
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 108.3
- Grade Unit: g/t
- Intercept: 21.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept shows an exceptional silver grade, significantly enhancing the overall value.

- Positive factor: Exceptional silver grade provides significant byproduct credits.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 108.3 g/t silver

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Sun 23-04

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-drill-facts-36)

Sun · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Sun 23-04
- Project: Sun
- Commodity: gold
- Region: usa\_ak
- Reported Region: usa\_ak

#### Geometry

- Grade: 0.24
- Grade Unit: g/t
- Intercept: 21.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: blanks

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The 2023 step-out drill intercept includes a gold grade, contributing to the polymetallic mineralization.

- Positive factor: Gold grade contributes to the polymetallic nature of the intercept.

- Negative factor: Results are from a 2023 program, not new assays in this release.

Evidence · text

> 0.24 g/t gold in hole Sun 23-04.

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

## Resource Estimates (15)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-2)

Smucker · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Smucker
- Commodity: copper
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:7dd90b1cfa117e00a7e7

#### Resource Data

- Tonnes: 11840000
- Grade: 0.94
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Smucker project hosts a historical resource with notable copper grades, providing exploration potential, though it requires modern verification.

- Positive factor: Indicates significant historical mineralization at the Smucker project.

- Negative factor: Resource is historical and requires verification under current standards.

- Negative factor: No specific resource category \(Measured/Indicated/Inferred\) is provided.

Evidence · text

> 11.84 million metric tons of historical resource averaging 0.94% copper

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-3)

Smucker · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Smucker
- Commodity: zinc
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:7dd90b1cfa117e00a7e7

#### Resource Data

- Tonnes: 11840000
- Grade: 6.6
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Smucker project's historical resource includes a high-grade zinc component, suggesting significant exploration upside, pending modern validation.

- Positive factor: High historical zinc grade indicates strong mineralization potential.

- Negative factor: Resource is historical and requires verification under current standards.

- Negative factor: No specific resource category \(Measured/Indicated/Inferred\) is provided.

Evidence · text

> 11.84 million metric tons of historical resource averaging ... 6.6% zinc

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-4)

Smucker · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Smucker
- Commodity: lead
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:7dd90b1cfa117e00a7e7

#### Resource Data

- Tonnes: 11840000
- Grade: 2.3
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The historical resource at Smucker includes notable lead grades, adding to the polymetallic potential, but requires updated assessment.

- Positive factor: Historical lead grades contribute to the polymetallic nature of the deposit.

- Negative factor: Resource is historical and requires verification under current standards.

- Negative factor: No specific resource category \(Measured/Indicated/Inferred\) is provided.

Evidence · text

> 11.84 million metric tons of historical resource averaging ... 2.3% lead

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-5)

Smucker · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Smucker
- Commodity: silver
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:7dd90b1cfa117e00a7e7

#### Resource Data

- Tonnes: 11840000
- Grade: 164
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Smucker project's historical resource features exceptionally high silver grades, making it a significant silver-rich target, subject to modern validation.

- Positive factor: Very high historical silver grade makes the project silver-rich and attractive.

- Negative factor: Resource is historical and requires verification under current standards.

- Negative factor: No specific resource category \(Measured/Indicated/Inferred\) is provided.

Evidence · text

> 11.84 million metric tons of historical resource averaging ... 164 g/t silver

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-6)

Smucker · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Smucker
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:7dd90b1cfa117e00a7e7

#### Resource Data

- Tonnes: 11840000
- Grade: 0.81
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The historical resource at Smucker includes gold, contributing to its polymetallic nature, but requires updated assessment.

- Positive factor: Historical gold grades add to the polymetallic value of the deposit.

- Negative factor: Resource is historical and requires verification under current standards.

- Negative factor: No specific resource category \(Measured/Indicated/Inferred\) is provided.

Evidence · text

> 11.84 million metric tons of historical resource averaging ... 0.81 g/t gold.

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-7)

Sun · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: zinc
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1d4a8fc99c07396e71e9

#### Resource Data

- Category: indicated
- Tonnes: 1710000
- Grade: 4.32
- Grade Unit: %
- Contained Metal: 163000000
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project hosts a substantial indicated zinc resource with good grades, providing confidence in the deposit's potential, though the estimate is not new.

- Positive factor: Significant indicated zinc resource provides a solid foundation for the project.

- Positive factor: High zinc grade for a VMS deposit.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> Sun hosts 1.71 million metric tons of indicated resource averaging 4.32% \(163 million pounds\) zinc

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-8)

Sun · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: copper
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1d4a8fc99c07396e71e9

#### Resource Data

- Category: indicated
- Tonnes: 1710000
- Grade: 1.48
- Grade Unit: %
- Contained Metal: 55800000
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project's indicated copper resource contributes materially to its polymetallic nature, enhancing overall project value, though the estimate is not new.

- Positive factor: Indicated copper resource adds significant value to the polymetallic deposit.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 1.48% \(55.8 million lb\) copper

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-9)

Sun · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: lead
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1d4a8fc99c07396e71e9

#### Resource Data

- Category: indicated
- Tonnes: 1710000
- Grade: 1.11
- Grade Unit: %
- Contained Metal: 42000000
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project includes an indicated lead resource, adding to its polymetallic value, though this estimate is from 2021.

- Positive factor: Indicated lead resource further enhances the polymetallic nature of the deposit.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 1.11% \(42 million lb\) lead

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-10)

Sun · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: silver
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1d4a8fc99c07396e71e9

#### Resource Data

- Category: indicated
- Tonnes: 1710000
- Grade: 60
- Grade Unit: g/t
- Contained Metal: 3300000
- Contained Unit: oz

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project's indicated silver resource offers significant byproduct potential, enhancing overall project economics, though the estimate is not new.

- Positive factor: Indicated silver resource provides valuable byproduct credits.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 60 grams per metric ton \(3.3 million oz\) silver

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-11)

Sun · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1d4a8fc99c07396e71e9

#### Resource Data

- Category: indicated
- Tonnes: 1710000
- Grade: 0.21
- Grade Unit: g/t
- Contained Metal: 12000
- Contained Unit: oz

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project includes an indicated gold resource, contributing to its polymetallic nature, though this estimate is from 2021.

- Positive factor: Indicated gold resource adds to the polymetallic value of the deposit.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 0.21 g/t \(12,000 oz\) gold

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-12)

Sun · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: zinc
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:f094e61835afdd50cc35

#### Resource Data

- Category: inferred
- Tonnes: 9020000
- Grade: 4.18
- Grade Unit: %
- Contained Metal: 831300000
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project has a substantial inferred zinc resource with good grades, highlighting significant exploration potential, though it requires further work to upgrade confidence.

- Positive factor: Large inferred zinc resource indicates significant upside potential for future conversion.

- Positive factor: Good zinc grade for a VMS deposit.

- Negative factor: Resource is in the inferred category, requiring further drilling to upgrade confidence.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 9.02 million metric tons of inferred resource averaging 4.18% \(831.3 million lb\) zinc

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-13)

Sun · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: copper
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:f094e61835afdd50cc35

#### Resource Data

- Category: inferred
- Tonnes: 9020000
- Grade: 1.21
- Grade Unit: %
- Contained Metal: 239600000
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project's inferred copper resource contributes materially to its polymetallic potential, enhancing overall project value, pending further drilling.

- Positive factor: Inferred copper resource adds significant potential value to the polymetallic deposit.

- Negative factor: Resource is in the inferred category, requiring further drilling to upgrade confidence.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 1.21% \(239.6 million lb\) copper

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-14)

Sun · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: lead
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:f094e61835afdd50cc35

#### Resource Data

- Category: inferred
- Tonnes: 9020000
- Grade: 1.46
- Grade Unit: %
- Contained Metal: 290300000
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project includes an inferred lead resource, adding to its polymetallic value, which requires further drilling to improve confidence.

- Positive factor: Inferred lead resource further enhances the polymetallic nature of the deposit.

- Negative factor: Resource is in the inferred category, requiring further drilling to upgrade confidence.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 1.46% \(290.3 million lb\) lead

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-15)

Sun · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: silver
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:f094e61835afdd50cc35

#### Resource Data

- Category: inferred
- Tonnes: 9020000
- Grade: 81.7
- Grade Unit: g/t
- Contained Metal: 22700000
- Contained Unit: oz

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project's inferred silver resource offers substantial byproduct potential, enhancing overall project economics, pending further drilling.

- Positive factor: Inferred silver resource provides significant potential for byproduct credits.

- Negative factor: Resource is in the inferred category, requiring further drilling to upgrade confidence.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 81.7 g/t \(22.7 million oz\) silver

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/valhalla-acquires-smucker-raises-c-15m--0ef387c2-3d18-41d6-bcac-47f2aa2ee25d#fact-resource-facts-16)

Sun · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Sun
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska

#### Resource scope

- Estimate type: resource
- Resource group id: resource:f094e61835afdd50cc35

#### Resource Data

- Category: inferred
- Tonnes: 9020000
- Grade: 0.25
- Grade Unit: g/t
- Contained Metal: 73000
- Contained Unit: oz

#### Prior Estimate

- Resource Date: 2021-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Sun project includes an inferred gold resource, contributing to its polymetallic nature, which requires further drilling to improve confidence.

- Positive factor: Inferred gold resource adds to the polymetallic value of the deposit.

- Negative factor: Resource is in the inferred category, requiring further drilling to upgrade confidence.

- Negative factor: Resource estimate is from 2021, not a new update in this release.

Evidence · text

> 0.25 g/t \(73,000 oz\) gold.

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.