12:11 PM EDT, 06/04/2025 (MT Newswires) -- Valkea Resources ( OZBKF ) on Wednesday said it will seek $3 million from a non-brokered private placement of share units.

The company will look to placed up to 12-million units in the placement, with each priced at of $0.25 and made up of a share and one half of an 18-month warrant to buy a second share for $0.35

"We're excited about the momentum building at Valkea as we prepare for an active exploration season," said Chief Executive Officer Chris Donaldson. "This financing allows us to advance our work at the Paana Project and initiate exploration across our broader portfolio, with a focus on target generation and early-stage discovery. We believe Finland's Central Lapland Greenstone Belt holds significant untapped potential, and we're well positioned to unlock it."

The company's shares were last seen up $0.015 to $0.265 on the TSX Venture Exchange.

Price: 0.27, Change: +0.02, Percent Change: +6.00