PTX Metals to Begin Trading on the TSX Venture Exchange on March 11, 2025, and Announces DTC Eligibility

Rhea-AI Summary

PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF) (FSE: 9PX) has announced its upcoming transition to the TSX Venture Exchange (TSXV), with trading set to commence on March 11, 2025. The company will maintain its current ticker symbol (PTX) and CUSIP number (69380V205), while voluntarily delisting from the Canadian Securities Exchange (CSE).

Additionally, PTX Metals has achieved DTC eligibility for its common shares in the United States, enabling electronic clearing and settlement through the Depository Trust Company. This development is expected to streamline trading processes and enhance the liquidity of the company's shares, which trade under the symbol 'PANXF' on the OTCQB.

Positive

• Uplisting to TSXV from CSE indicates company growth
• DTC eligibility enhances US trading accessibility
• Expected improvement in share liquidity

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - March 7, 2025) -  PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF) (FSE: 9PX) ("PTX" or the "Company") is pleased to announce that the Company has received final listing approval and effective at the opening of Tuesday March 11, 2025, the common shares of PTX will commence trading on the TSX Venture Exchange ("TSXV").

The Company will continue to trade under the same ticker symbol (PTX) and CUSIP number (69380V205), following its listing on the TSXV. The Company's transfer agent, Computershare Investor Services Inc., will also remain unchanged.

In connection with the listing, the Company intends to voluntarily delist its common shares from the Canadian Securities Exchange (the "CSE"). The Company's common shares will be delisted from the CSE at the commencement of trading on the TSXV.

The Company is also announcing that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC"). DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States. The Company's common shares are traded on the OTCQB under the symbol "PANXF". DTC is a subsidiary of the Depository Trust and Clearing Corporation.

About PTX Metals Inc.

PTX is a mineral exploration company focused on high-quality critical minerals projects, including two flagship projects situated in northern Ontario, renowned as a world-class mining jurisdiction for its abundance of mineral resources and investment opportunities. Our corporate objective is to advance the exploration programs towards proving the potential of each asset, which includes the W2 Cu-Ni-PGE and Gold Project and South Timmins Gold Joint Venture Project.

PTX's portfolio of assets offers investors exposure to some of the world's most valuable metals including gold, as well as essential critical minerals for the clean energy transition: copper, nickel, PGE, and uranium. PTX's portfolio of assets was strategically acquired for their geologically favorable attributes, and proximity to established mining companies. PTX's mineral exploration programs are designed by a team of expert geologists with extensive career knowledge gained from their tenure working for global mining companies in northern Ontario and around the world.

PTX is based in Toronto, Canada, with a primary listing on the CSE under the symbol PTX. The Company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as PANXF.

For additional information on PTX, please visit the Company's website at https://ptxmetals.com/.

For further information, please contact:

Greg Ferron, President and Chief Executive Officer
Phone: +1 (416) 270-5042
Email: gferron@ptxmetals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the ability of the Company to satisfy any regulatory requirements, including TSXV and CSE requirements, as applicable, in connection with the listing of the Company's common shares on the TSXV and the delisting of the Company's common shares on the CSE. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals, will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company's public filings available under the Company's profile at www.sedarplus.ca.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243731

FAQ

When will PTX Metals (PANXF) start trading on the TSX Venture Exchange?

PTX Metals will commence trading on the TSX Venture Exchange on Tuesday, March 11, 2025.

What happens to PTX Metals' CSE listing after moving to TSXV?

PTX Metals will voluntarily delist from the Canadian Securities Exchange (CSE) when trading begins on the TSXV on March 11, 2025.

Will PTX Metals' ticker symbol PANXF change after the TSXV listing?

No, PTX Metals will maintain its current ticker symbols, including PANXF on the OTCQB and PTX on the TSXV.

How does DTC eligibility benefit PANXF shareholders in the United States?

DTC eligibility simplifies trading processes and is expected to enhance the liquidity of PANXF shares in the United States through electronic clearing and settlement.