Valhalla Metals Provides an Update on the Ambler Access Road
Valhalla Metals Provides an Update on the
Ambler Access Road
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2024) - Valhalla Metals Inc. (TSXV: VMXX)
(OTCQB: VMXXF) ("
Valhalla
" or the "
Company
") is providing an update on the Ambler Mining District
Access Road.
The proposed Ambler Access Road is planned to cross Valhalla State mining claims at the Sun project
and would unlock a host of critical and strategic metals located in the Ambler Mining District - all metals
necessary for the green energy and transportation transition and to ensure a secure domestic supply
chains for these metals.
On April 16, 2024, AIDEA - the Alaska Industrial Development and Export Authority issued a press
release in response to anonymously leaked (by the DOI) media reports indicating the Department of
Interior plans to block access to the Ambler Mining District by issuing a "no action alternative" decision.
In its press release, AIDEA strongly urges the Department of Interior to comply with federal law and the
promises made at statehood to allow access to state lands and minerals for the Ambler Access Road
Project.
AIDEA's press release can be found on their website at
https://www.aidea.org/About/News-
Publications/Press-Releases
Rick Van Nieuwenhuyse, Valhalla's Chairman stated: "We are extremely disappointed in the Department
of Interiors (DOI) decision to choose the No Action Alternative. The Alaska National Interest Lands
Claims Act (ANILCA) guarantees access be provided by the DOI - the language is very clear: "Congress
finds that there is a need for access for surface transportation purposes across the Western (Kobuk
River) unit of the Gates of the Arctic National Preserve (from the Ambler Mining District to the Alaska
Pipeline Haul Road) and the Secretary shall permit access in accordance with the provisions of this
subsection" (emphasis added - ANILCA Section 201, 4 (b)).
For the BLM to deny access is blatantly
ignoring federal law. For an Administration that talks about the importance of a domestic supply of
Critical Metals, the importance of secure domestic Supply Chains and mandates to transition to a Green
Energy and Transportation future, this decision makes no sense. Instead, they should be listening to the
people who live in the Kobuk and Koyukuk regions who want jobs and who want a better and sustainable
future for their children. Instead they listen to anti-mining groups outside of Alaska.
Frankly, I am
disgusted."
Valhalla Metals plans to confer with AIDEA and other State Officials to pursue a legal path forward to
uphold our rights to mine and the rights granted to the State through ANILCA and the Statehood Act to
develop the minerals in the Ambler Mining District. This is an egregious and deceitful decision by a
Federal Agency.
About Valhalla Metals
Valhalla Metals Inc. is a mineral exploration and development company focused on the advancement of
its mineral projects towards feasibility. Valhalla's flagship project is the Sun copper-zinc-lead-gold-silver
VMS projects located in Ambler Mining District, Northwest Alaska. The Company also owns the
Smucker project, a high-quality copper-zinc-lead-gold-silver VMS project located in the Ambler Mining
District, Northwest Alaska. Valhalla Metals Inc. shares trade on the TSX-V under the ticker symbol
VMXX and OTCQB under the ticker symbol VMXXF. For more information about Valhalla, please visit
our website at
www.valhallametals.com
.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
For more information on the Company, please contact Valhalla Metals Inc.
Sorin Posescu, Chief Executive Officer
Email:
Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking information within the
meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue",
"estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plan", "plans", "intends"
and similar expressions are intended to identify forward-looking information or statements.
The forward-
looking statements and information are based on certain key expectations and assumptions made by
the Company. Although the Company believes that the expectations and assumptions on which such
forward-looking statements and information are based, are reasonable, undue reliance should not be
placed on the forward-looking statements and information because the Company can give no assurance
that they will prove to be correct. Since forward-looking statements and information address future
events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results
could differ materially from those currently anticipated due to a number of factors and risks. Such factors
include, among others, the following risks: the need for additional financing; operational risks associated
with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified
in the annual information form of the Company or other reports and filings with the TSX-V and applicable
Canadian securities regulators. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward-looking statements included in this news release are expressly qualified by this cautionary
statement. The forward-looking statements and information contained in this news release are made as
of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-
looking statements or information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/205833