12:32 PM EDT, 06/03/2025 (MT Newswires) -- ValOre Metals ( KVLQF ) on Tuesday said it will combine the Pedra Branca gold project with its Platinum Group Metals (PGM) projects in Brazil when it completes the acquisition of South Atlantic Gold ( JLRRF ) .

ValOre looks to begin a systematic relogging of all available Pedra Branca Gold Project drill core and the re-assaying of key historical intervals to ensure data integrity; along with reprocessing data obtained from a high-resolution drone mag survey completed in 2022 by South Atlantic to generate new targets and resource expansion opportunities.

South Atlantic Gold ( JLRRF ) shareholders will vote on the sale to ValOre on June 13.

"With our in-country team actively supported by a strong capital markets presence, we are very excited to rapidly advance work at the 100,000-hectare Pedra Branca precious metals district once South Atlantic shareholders approve the transaction with ValOre," said chief executive Jim Paterson.

Valore shares were last seen up $0.005 to $0.075 on the TSX Venture Exchange.