ValOre Metals Repositions as Precious Metals Platform With Dual-Asset Strategy Ahead of Key 2026 Milestones

• ValOre Metals is advancing a 2.2-million-ounce platinum, palladium, and gold project in Brazil while looking to buy into gold projects in the same country that could produce revenue sooner
• All 3 metals hit record or near-record prices in 2026, with platinum up 161%, palladium up 87%, and gold up 130% year-over-year
• An independent team of geologists has estimated the Pedra Branca project contains 2,198,000 ounces of platinum, palladium, and gold, with 5 additional areas drilled in 2023 not yet counted in that total
• The company's first formal valuation study, showing what the project may cost to build and what it could be worth, is expected by the end of 2026
• ValOre's total market value of CAD$26 million as of June 01, 2026 sits well below comparable companies, which range from CAD$126 million to CAD$440 million

ValOre Metals (TSX-V: VO | OTCQB: KVLQF | FSE: KEQ0) has reshaped its business strategy around 2 priorities: advancing its 2.2-million-ounce platinum, palladium, and gold project in Brazil, while buying into gold projects that could generate revenue sooner. The company's total market value of CAD$26 million as of June 01, 2026 sits below every comparable company it tracks, a gap management links to the lack of a published study showing what the project is worth, with both an updated metal count and a first valuation study targeted for the second half of 2026.

Metal Prices & Supply

Platinum surged past its all-time high of $2,700 per ounce before settling near $2,000 per ounce, up 161% year-over-year. Palladium settled near $1,700 per ounce, up 87% year-over-year, and gold broke 5 daily price records, crossing $5,000 per ounce and closing near $4,600 per ounce, up 130% year-over-year, per the June 2026 ValOre corporate presentation.

Supply is tightening. Above-ground platinum stockpiles have been cut by 42%, leaving less than 5 months of supply, with shortfalls forecast through at least 2029, per the World Platinum Investment Council, while palladium ran short of demand in both 2023 and 2024. Car manufacturers account for roughly 40% of total platinum demand and roughly 80% of combined palladium and rhodium demand, and hybrid cars, the fastest-growing vehicle type at 20% of global new vehicle sales in 2025, use 10 to 20% more of these metals per car than standard petrol vehicles. Ford, Honda, Volkswagen, and Porsche have each pulled back from electric vehicle plans in favour of hybrids.

The Pedra Branca Project

The Pedra Branca project spans 51,096 hectares in Ceará State, northeastern Brazil, approximately 4 hours by paved highway from Fortaleza. An independent team of geologists estimated the property contains 2,198,000 ounces of platinum, palladium, and gold at a concentration of 1.08 grams per tonne across 63.3 million tonnes of rock, per a report effective March 08, 2022, prepared by Fábio Valério (P.Geo.) and Porfirio Cabaleiro (P.Eng.) of GE21. The 4 main areas, Esbarro, Curiu, Cedro, and Cana Brava, hold more than 1 million ounces combined, with the 2 southern areas, Trapia and Massape, adding a further total exceeding 1 million ounces. Five additional areas drilled in 2023, including the Salvador target, are not yet in the official count, with an update targeting a third-quarter 2026 release.

First Valuation Study & Gold Acquisitions

The project's first formal valuation study, covering what the mine may cost to build and operate and what it could be worth, is targeted for the fourth quarter of 2026, with an engineering firm appointed in the fourth quarter of 2025 and lab work ongoing at the University of Cape Town. Alongside this, ValOre is looking to buy into advanced-stage gold projects in northeastern Brazil to bring in revenue while Pedra Branca advances; no purchase had been announced as of the June 2026 presentation date. The company's board members have collectively overseen more than CAD$1.7 billion in deals, and ValOre is a member of the Discovery Group, which has been involved in $2.6 billion in deals and raised over $1 billion from investors.

Location & How ValOre Compares

Fortaleza, approximately 4 hours by paved highway from the project, has an international deep-water port and an international airport, with project operations based in Capitão Mor, a community of approximately 900 people. Approximately 90% of the world's platinum and palladium reserves are in South Africa, making Brazil a rare alternative source, and Brazil is among the top 10 gold-producing countries in the world, with annual production projected to exceed $6 billion by 2030, per Grand View Research. As of February 18, 2026, comparable companies carried market values from CAD$126 million to CAD$440 million against ValOre's CAD$27 million, with Stillwater Critical Minerals Corp. (TSXV: PGE), at a similar stage but with lower concentrations of 0.25 grams per tonne palladium and 0.15 grams per tonne platinum versus Pedra Branca's combined 1.08 grams per tonne, carrying CAD$126 million.

What to Watch in the Second Half of 2026

ValOre Metals is positioning itself at the intersection of a supply-constrained precious metals market and an underexplored region of Brazil, with 2 near-term milestones, an updated metal count and a first formal valuation study, both due in the second half of 2026, set to give investors the clearest picture yet of what the Pedra Branca project is worth and where the company stands relative to peers carrying significantly higher market values.

FAQs (AI-Generated)

‍