Welcome to our dedicated page for Canex Metals news (Ticker: NOMNF), a resource for investors and traders seeking the latest updates and insights on Canex Metals stock.
CANEX Metals Inc. reports corporate and mineral-property developments centered on its ownership position in Gold Basin Resources Corporation. Company news has covered its take-up of Gold Basin shares under an all-share offer, its role as controlling shareholder, and related shareholder-meeting, proxy, court-order, and governance matters involving Gold Basin.
Updates also address Gold Basin property issues, including liabilities, loan and settlement matters, asserted joint-venture interests, regulatory-compliance concerns, and developments tied to an oxide gold district in northern Arizona. The recurring news themes are corporate control, mineral-asset preservation, shareholder actions, and the resolution of disputes affecting Gold Basin and its project interests.
CANEX Metals (OTCQB:NOMNF) and Gold Basin Resources signed an Arrangement Agreement for CANEX to acquire all Gold Basin shares via a court-approved plan of arrangement.
Gold Basin shareholders receive 0.592 CANEX shares per share, a 242% premium, and will own about 32.3% of the combined company. Closing is targeted for June 2026, with CANEX issuing approximately 38.5M new shares. CANEX will also provide Gold Basin a secured $900,000 term loan at RBC prime plus 5% for six months.
CANEX (OTC: NOMNF) and Gold Basin Resources (TSX.V: GXX) announced a settlement with Charrua Capital on May 6, 2026 resolving a dispute over a US$500,000 unsecured loan dated August 21, 2024.
Gold Basin will pay US$217,367.40 and the parties mutually released claims related to the Loan Agreement; the settlement is not an admission of liability and does not release Michael Povey or Charles Straw from any claims.
CANEX said the settlement and a separate Helix JV development reduce impairments and help advance a potential full combination.
Summary not available.
CANEX Metals (OTC:NOMNF) corrected its prior offer results for Gold Basin Resources, revising the number of Gold Basin shares taken up after identifying tender deficiencies.
CANEX took up 70,088,199 Gold Basin shares (representing 51.86% of issued and outstanding) and issued 41,492,194 CANEX common shares to Gold Basin shareholders. An amended early warning report will be filed on SEDAR+.
CANEX (OTC:NOMNF) reported Gold Basin Resources held its AGM on March 16, 2026, with 73,721,447 votes cast representing 54.56% of outstanding shares.
All resolutions and director candidates passed 100% in favour. A new five-member board and management team were appointed, Manning Elliott named auditors, and CANEX issued 41,492,194 Gold Basin shares following the Feb 10, 2026 take-over bid. CANEX noted a prior cease trade order and intends to pursue privatization and renewed exploration.
Summary not available.
CANEX Metals (NOMNF) announced the Supreme Court of British Columbia ordered a court‑appointed annual general meeting of Gold Basin shareholders for March 16, 2026. CANEX may send notice and conduct the Meeting, and Steven McKoen, K.C. is appointed independent chair. Gold Basin is restrained from transacting business until the Meeting concludes and must correct its central securities register.
The Court found Gold Basin's February 11 actions breached an earlier restraining order; CANEX reserves the right to seek contempt orders for further breaches.
CANEX Metals (TSXV:NOMNF) completed the final take‑up of its offer for Gold Basin, acquiring 73,026,822 common shares representing 54.04% of Gold Basin as of expiry at 5:00 p.m. (Toronto time) on February 10, 2026.
CANEX will proceed with payment in CANEX shares to deposited Gold Basin shareholders, call a special meeting to approve a subsequent acquisition to privatize Gold Basin, and intends to apply to delist Gold Basin shares from the TSXV and cease reporting status where permitted by law.
CANEX Metals (NOMNF) has acquired 70,167,146 Gold Basin shares, representing 51.93% and is now Gold Basin's controlling shareholder. A Supreme Court of British Columbia order reinstated Gold Basin's transfer agent and restrained the current Gold Basin board from incurring debt or disposing assets.
The CANEX takeover offer values Gold Basin at ~$22.4M (~$0.166 per share) and expires February 10, 2026; CANEX plans board changes, debt resolution and a potential merger, while warning of illiquidity risk for non-tendering shareholders.
CANEX Metals (NOMNF) has satisfied the minimum tender condition for its offer to acquire Gold Basin (GXX), with 68,994,029 shares deposited (51.06%). CANEX waived remaining conditions, will take up and pay for shares within three business days, and announced a mandatory extension to Feb 10, 2026.
The BCSC extended the partial revocation order to Mar 31, 2026, with possible expiry on Jun 30, 2026 if CANEX completes certain transactions. Offer terms: 0.592 CANEX shares per Gold Basin share (implied 314% premium, ~US$23.2M total, ≈$0.172/share). CANEX plans board control, regulatory remediation, debt settlement, and potential subsequent acquisition.