12:32 PM EDT, 06/03/2025 (MT Newswires) -- ValOre Metals (VO.V) 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 (SAO.V).

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 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.

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