ValOre Metals Outlines Plans for Strategic Review to Unlock Value

• ValOre Metals (VO) is a company with projects in Brazil (palladium, platinum) and northern Canada (uranium), trading on the venture exchange.
• The company has launched a strategic review to explore options for its projects, considering a spin-out or other opportunities.
• CEO Jim Peterson believes the timing is better now due to improved pricing and increased interest in the generalist community.
• The uranium project's future is being considered, with potential collaboration or deals with other entities for maximizing value.
• The company aims to leverage its technical credibility, quality projects, and expert team for strategic decisions, potentially involving spin-outs or partnerships.

About ValOre Metals

ValOre Metals Corp is a mining exploration company trading on the TSX Venture Exchange under the ticker symbol VO with a market capitalization of around $75 million. The company has projects focused on palladium, platinum, and uranium in Brazil and northern Canada.

Interview with CEO Jim Paterson

Strategic Review to Assess Options for Key Assets

ValOre Metals recently announced it is launching a strategic review to assess options to unlock value in its portfolio. According to Jim Peterson, Chairman and CEO of ValOre Metals, the company has brought on "really smart bankers" to evaluate the best approaches for the company's two key assets - the palladium-platinum Pedro Branco project in Brazil and the Angilak uranium project in Nunavut, Canada.

Peterson highlighted that while ValOre has historically not focused heavily on promoting the uranium asset, with uranium prices now around $60 per pound compared to $30 two years ago, interest in the space has increased considerably. He believes the timing is right to "start banging the drum" on Angilak given the project's large resource base and exploration potential.

Angilak Uranium Project Offers Substantial Resource Base and Upside

The Angilak property hosts an NI 43-101 compliant inferred resource of over 43 million pounds of U3O8 at grades over 2% U3O8. Peterson emphasized that few uranium exploration companies actually reach the point of delineating an inferred resource. He noted that getting to this stage requires significant investment and overcoming challenges through drilling.

Beyond the current resource, Peterson sees Angilak as having strong additional exploration potential. ValOre plans to undertake an extensive geochemical sampling program over the broader basin to delineate new drill targets. While increasing the current resource would have some value, Peterson believes the biggest potential upside for the project is through new discovery.

Strategic Partnerships Could Fast Track Development

When asked about potentially spinning out or partnering on the uranium asset, Peterson indicated they are open to all options. However, he said a spin-out into a new standalone company would likely be his least preferred route. Instead, Peterson would like to see a "merger of sorts that would catapult the company to a much larger market cap."

Ideally, he is looking for a partner that can provide deep technical expertise in uranium exploration and development, along with a strong balance sheet to fund resource expansion and fast track the project. Geographic proximity would also be preferred, pointing to Canadian-listed companies as high potential partners.

Peterson believes the Angilak project on a standalone basis could warrant a valuation of around 60-65% of ValOre's current market capitalization.

Platinum-Palladium Asset Offers Attractive Leverage to PGM Supply Crunch

ValOre's Pedro Branco platinum-palladium project in Brazil offers near-surface mineralization, excellent infrastructure, and significant exploration potential. Peterson again emphasized ValOre  strong technical capabilities, noting the asset has been reviewed extensively by leading geologist Rob Carpenter.

Unlike uranium, Peterson sees a wider potential buyer universe for the palladium-platinum project. With palladium prices elevated on the back of sanctions limiting Russian supply, interest in quality PGM assets is high. Peterson believes a precious metals producer could view Pedro Branco as an attractive bolt-on to complement existing Au, Ag, or Cu assets.

Given current market dynamics, Peterson sees urgency to act quickly on assessing strategic options for both assets. He expects the strategic review to identify pathways to fully unlock the value of ValOre portfolio over the near-term.

Conclusion

With ValOre's assets well-positioned to benefit from rising commodity prices, investors may want to take a closer look at this unique mining exploration story.

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