Welcome to our dedicated page for PTX Metals news (Ticker: PANXF), a resource for investors and traders seeking the latest updates and insights on PTX Metals stock.
PTX METALS INC (symbol: PANXF) is a mining company with a focus on precious metals exploration and development. The company holds interests in various gold projects, including the Shining Tree Gold Project and Heenan-Mallard Gold Projects.
Recent achievements include mechanized stripping and channel sampling at the Ronda Mine, reconnaissance rock sampling on the Ribble Vein and Churchill prospect, as well as exploration work at Area 3 and Mallard.
Forestry operations near Mallard are underway, with new roads being constructed to improve access for an upcoming drill program. Additionally, Platinex holds a portfolio of NSR royalties on various mineral properties in Ontario.
With shares trading at $0.035, PTX METALS INC continues to advance its exploration efforts and unlock the potential of its projects.
PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF) has completed a comprehensive airborne magnetic survey at its W2 CU Ni PGE project in northern Ontario. The survey, conducted by Scott Hogg & Associates, covered 3,191 line-kilometers at 75-meter spacing using the Heli-GT system, which records triaxial magnetic gradient data at low altitude.
The survey, based out of Webequie First Nations, was completed ahead of schedule, with final magnetic products expected by month-end. The data will be important for identifying magnetic anomalies associated with Cu-Ni-PGE mineralized gabbro bodies at the W2 Project.
Additionally, PTX has closed a Quebec Flow Through Private Placement of $180,000 at C$0.15 per share, issuing 1,200,000 common shares. This follows a December financing that raised $3,419,834. The company has also granted 1,375,000 incentive stock options to company stakeholders at $0.15 per share, exercisable for three years, while 937,500 previous stock options expired in November 2024.
PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF) has responded to OTC Markets' request regarding recent promotional activity. The company clarified that it was not involved in the creation or distribution of a newsletter published by KryptonStreet on behalf of TD Media PTX Metals noted an increase in trading volume on July 31, 2024, but believes this was not solely due to promotional activities.
The company disclosed its engagement with third-party providers for investor relations and marketing services, including Spark Capital, Mi3 Communications Finance, and Small Cap Invest GmbH. Recent insider purchases were reported, including 550,000 shares by the CEO and 920,000 shares by a director. PTX Metals emphasized its focus on two flagship projects in northern Ontario, exploring for copper, nickel, PGE, and gold.
Platinex (CSE:PTX, OTCPink:PANXF, FSE:9PX) has announced positive geochemical sampling results and the start of an exploration program at its Shining Tree Gold Property in Timmins, Ontario. The company has formed a joint venture with Fancamp Exploration, combining properties to create the South Timmins Mining joint venture, with Platinex holding 75%. Field crews have mobilized to further explore new gold targets, focusing on Areas 2 and 3, where significant soil samples have been identified. The 2023 exploration program is led by Joerg Kleinboeck, P.Geo., with a detailed plan for follow-up work. Platinex also holds interests in the W2 Copper-Nickel-PGE and Gold Project and the Muskrat Dam Critical Minerals Project. The company recently closed an oversubscribed financing of $2.7 million, with shares trading at $0.045.
Platinex Inc (OTCPink:PANXF) has announced a joint venture with Fancamp Exploration to develop gold mineral properties in Ontario's Timmins mining camp. The agreement involves transferring Platinex's Shining Tree properties, comprising 1,138 mining claims, into a new entity called Goldco, where Platinex will hold 75%. Fancamp will contribute its Heenan Mallard and Dorothy gold properties for a 25% stake. Platinex is set to raise up to $2.5 million through a non-brokered private placement. The initial exploration program will total $1.1 million, with Fancamp able to increase its interest to 50% over two years.
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