DLA Piper advises Valhalla Metals on acquisition of Teck’s Smucker Project in Alaska

DLA Piper advised Valhalla Metals Inc. (TSXV: VMXX) (OTCQB: VMXXF), a mineral exploration and development company, on its acquisition of Teck Resources’ Smucker copper‑gold‑silver‑zinc project in the Ambler Mining District of Alaska. The transaction integrates Valhalla’s Sun Project and the Smucker Project and includes a concurrent financing for an aggregate value of $30 million.

The transaction was completed pursuant to a purchase and sale agreement under which Teck agreed to transfer 100% of its interest in the Smucker Project to Valhalla in exchange for equity consideration, royalty interests, and offtake-related rights, subject to customary regulatory approvals and closing conditions.

DLA Piper’s corporate and mining teams provided comprehensive legal counsel on all aspects of the transaction, with a team led by Partner Denis Silva and including Associates Trevor Simpson and Beatriz Albuquerque (all Vancouver).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 16 consecutive years by Mergermarket and ranked number one in VC, PE, and M&A in combined global deal volume by PitchBook.