ValOre Metals Unlocks Potential with New CAD $3.5 Million Placement

ValOre Metals Initiates Private Placement Opportunity

ValOre Metals Corp., a leader in mining exploration, has announced an exciting new private placement aimed at raising a total of CAD $3.5 million. This strategic move is designed to fuel the company's exploration initiatives, particularly regarding its extensive platinum group elements (PGE) project in Brazil.

Details of the Private Placement

The recently unveiled private placement will consist of up to 47.5 million units, each priced at CDN $0.075. This allows ValOre to potentially garner gross proceeds of approximately CDN $3,562,500. Each unit will include a common share and a non-transferable share purchase warrant, with the warrants exercisable at a price of CDN $0.10 over three years following their issuance.

Understanding the Warrant Terms

The warrants come with specific provisions that could affect their expiration. If the 20-day volume-weighted average trading price of the shares reaches CDN $0.15, ValOre has the option to expedite the expiry date of these warrants. By publicly announcing such an action, they ensure that any unexercised warrants will expire within 30 days of the announcement, thus encouraging timely action from investors.

Funding for Exploration Projects

ValOre's decision to undertake this offering signals a focused approach to capitalizing on their existing assets, especially the Pedra Branca Platinum Group Elements Project located in northeastern Brazil. The funds raised will primarily be directed towards exploration efforts within this 100% owned venture, as well as meeting the company's working capital needs.

Regulatory Compliance and Conditions

The successful closing of the placement is contingent upon receiving the necessary regulatory approvals from the TSX Venture Exchange, ensuring that all related securities adhere to compliance standards. Securities issued through the offering will have a hold period of four months, as stipulated by Canadian securities laws.

About ValOre Metals Corp.

ValOre Metals is actively engaged in deploying their expertise on projects that show proven potential for significant resource development. Their Pedra Branca project encompasses 45 exploration licenses, covering an impressive area of over 51,000 hectares.

Potential at Pedra Branca

This project is not just expansive, but it houses several exciting deposit areas which collectively contain a 2022 NI 43-101 inferred resource of 2.198 million ounces of PGE and gold. ValOre's dedicated team is confident in the substantial exploration and resource expansion opportunities that Pedra Branca presents.

Commitment to Transparency

ValOre is committed to maintaining transparency with its stakeholders, assuring that all material facts have been duly disclosed in accordance with securities laws.

Contact for More Information

For those interested in learning more about ValOre Metals and its projects, additional information can be found through their official communications. Investor relations can be contacted directly via their email for inquiries related to the company's operations and investment opportunities.

Frequently Asked Questions

What is the purpose of the new private placement?

The private placement aims to raise CAD $3.5 million to fund exploration projects, particularly the Pedra Branca project in Brazil.

How many units will be issued in the offering?

Up to 47.5 million units will be issued, each consisting of one common share and one warrant.

What is the exercise price for the warrants?

The warrants can be exercised at a price of CDN $0.10 per share over a period of three years.

What happens if the share price exceeds CDN $0.15?

If the share price exceeds CDN $0.15, ValOre may accelerate the expiration date of the warrants, requiring holders to act within 30 days.

Where can investors find more information about ValOre?

Investors can visit the official ValOre Metals website or contact their investor relations for further information.

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