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RPX Gold Inc. reports exploration and development updates for its 100%-owned Wawa Gold Project in the Michipicoten Greenstone Belt of northwestern Ontario. Company news centers on gold drilling results, near-surface and high-grade mineralization, the Jubilee Shear and Cooper area, and technical work supporting mineral-resource and development planning.
Recurring updates also cover NI 43-101 technical reports, Preliminary Economic Assessment work, environmental, metallurgical and geotechnical sampling, and plans that evaluate staged open-pit and underground mining scenarios. Corporate items include the company’s name change from Red Pine Exploration Inc., shareholder meeting results, share-structure matters and other governance disclosures.
RPX Gold (OTCQB:RDEXF) closed a brokered “best efforts” equity financing for aggregate gross proceeds of approximately C$14.15 million. The Offering combined non-flow-through units and shares with flow-through units and shares, plus four-year warrants.
Proceeds fund working capital and qualifying Canadian exploration expenditures, with broker commissions and warrants issued and TSX Venture final acceptance pending.
RPX Gold (OTC: RDEXF) filed an NI 43-101 Technical Report supporting a PEA for its 100%‑owned Wawa Gold Project (effective Feb 18, 2026). The PEA shows an after‑tax NPV5% of C$523M and IRR 99.7% at US$3,500/oz, initial capital ~C$51M and payback <1 year. The plan prioritizes near‑surface mining, regional toll milling and early free cash flow generation.
RPX Gold (OTC:RDEXF) published a Preliminary Economic Assessment for the 100%‑owned Wawa Gold Project showing an after‑tax NPV5% of C$523M and IRR of 99.7% at US$3,500/oz (Base Case) and NPV5% C$935M, IRR 181% at US$4,500/oz (Upside).
The 9‑year LoM assumes 2,000 t/d, initial Capex ~C$51M, LOM AISC US$2,149/oz, and 1,244,000 indicated ounces (2026 MRE), a 48% increase in indicated ounces vs 2024.
Red Pine Exploration (OTCQB: RDEXF) expects its name change to RPX Gold Inc. to be effective on February 12, 2026. The company plans to begin trading under the new name on the TSX Venture Exchange at market open while keeping the RPX ticker.
The change will adopt ISIN CA74984K1003 and CUSIP 74984K100. There will be no share consolidation, no shareholder action required, and outstanding share and warrant certificates need not be exchanged. The company also updated its logo and launched https://www.rpxgold.com/. The name change remains subject to final TSXV and regulatory approvals. The company will separately amend its articles to delete the class of Preference Shares, as approved by shareholders on January 21, 2026.
Red Pine (OTCQB: RDEXF) announced results of its annual meeting held January 21, 2026. Shareholders re-elected six directors, reappointed MNP LLP as auditor, approved a name change to RPX Gold, and approved an amendment to delete the class of Preference Shares and update common share terms. The Board resolved to proceed with the name change pending regulatory and exchange approvals; the ticker will remain RDEXF. Effective January 21, 2026, the Board granted 2,915,000 stock options at $0.21 per share (25% vesting at grant; fully vested by Jan 21, 2029; expiry Jan 21, 2031). There are 9,606,565 options outstanding, with 504,315 remaining available under the fixed-number plan.
Red Pine (OTCQB:RDEXF) reported 2025 milestones and a 2026 roadmap advancing the Wawa Gold Project from exploration toward development and potential production. In 2025 the company completed ~15,000 m of step-out drilling with multiple high-grade intercepts (e.g., 5.68 g/t Au over 10.72 m, 82.50 g/t Au over 0.74 m), identified a southern faulted extension of the Jubilee Shear, and completed >10,000 m of focused near-surface definition drilling. Red Pine closed a fully subscribed private placement of $8.5 million to fund completion of a Preliminary Economic Assessment (PEA) expected in early 2026. Planned 2026 work includes completing the PEA/NI 43-101 report, advancing environmental baseline studies and a PFS for staged open-pit scenarios, community engagement, and securing a processing plant for a toll-milling option.
Red Pine Exploration (OTCQB: RDEXF) reported assay results from 18 drill holes (2,233 m) at the Wawa Gold Project on December 16, 2025, targeting near-surface, open-pit mineralization along the Jubilee Shear.
Key intercepts include 10.05 g/t Au over 8.59 m (SD-25-616) including 82.80 g/t Au over 0.92 m, and 4.63 g/t Au over 13.25 m (SD-25-593) with higher-grade internal zones. Intercepts use a 0.40 g/t cutoff and reported core lengths with true widths estimated at 50–95%.
The company selected DRA Global to complete a PEA, targeting completion in H1 2026.
Red Pine (OTCQB: RDEXF) reported exploration results from the Cooper area at the Wawa Gold Project, Ontario, from two drill holes totalling 1,487 m completed July 2025. Highlights include 82.50 g/t Au over 0.74 m in a quartz-tourmaline vein in the Y106 shear at 288.97–289.71 m, and a 4.41 g/t Au over 0.51 m intercept in Y106.
Company interpretations trace the Y106 shear >500 m along strike and ~320 m down-dip; the Jubilee shear extends 525 m north of the mineral resource. A fully funded Preliminary Economic Assessment remains on schedule for H1 2026. QA/QC procedures and assay methods are described.
Red Pine (OTCQB: RDEXF) has commenced a 9,000 metre drilling program at the Wawa Gold Project to better define near-surface, higher-grade gold mineralization and to collect samples for environmental, metallurgical and geotechnical analysis as part of an ongoing Preliminary Economic Assessment (PEA). The company said the program is fully funded and will target potential open-pit areas along the Jubilee Shear, the crown pillars of the former Jubilee and Surluga Mines, infill zones for grade validation, and margins of new high-grade zones discovered in 2025.
Timing and QA/QC: Red Pine remains on track to complete the PEA in the first half of 2026. Sampling follows detailed QA/QC procedures including half-core sampling, quarter-core duplicates, insertion of standards/blanks every 20 samples, 1kg metallic screen assays when warranted, and ~5% of pulps/coarse rejects sent for umpire testing.
Red Pine (OTCQB: RDEXF) has begun a mechanized surface trenching, mapping and sampling program at the Wawa Gold Project to define near‑surface geometry in areas with open‑pit potential.
Work targets ~60 m of strike in the North Pit area plus satellite trenches, and follows recent high‑grade drill results. Baseline studies include 8 monitoring wells and groundwater testing. The company expects an updated mineral resource estimate and a PEA in H1 2026. QA/QC procedures and third‑party umpire assays are in place.