September 30, 2025, 8:30 AM EDT | Source: PTX Metals Inc.
Toronto, Ontario–(Newsfile Corp. – September 30, 2025) – PTX Metals Inc. (TSXV PTX / WKN A403Z4) (“PTX” or the “Company”) is pleased to announce the closing of the first tranche (a further closing is expected to occur later this week) of its previously announced non-brokered private placement of hard dollar and charity flow-through units (see press releases dated September 8, 2025, September 16, 2025 and September 28, 2025). In connection with the first closing, the Company issued an aggregate of 5,333,333 charity flow-through units (“
In addition, the Company paid an aggregate of $121,461.50 in finder’s fees and issued an aggregate of 1,160,170 finder warrants (“Finder Warrants”) to eligible finders. Each Finder Warrant entitles the holder to purchase one common share at a price of $0.14 (subject to adjustment) for a period of two (2) years from the date of issuance of the Finder Warrants. The Finder Warrants are subject to a statutory hold period in Canada of four (4) months and one (1) day from the date of their issuance.
Each Unit consists of one (1) common share and one-half (1/2) of one share purchase warrant (each whole share purchase warrant being referred to as a “Warrant”). Each Warrant is exercisable to acquire one (1) additional Warrant Share at a price of $0.16 per Warrant Share for a period of 36 months from the date of issuance. The Warrants issued under the LIFE Offering are subject to an exercise restriction that expires 61 days from the date of issuance.
The Company intends to use the proceeds from the issuance of the HD Units for general corporate expenses and working capital.
The gross proceeds from the issuance of the CFT Units will be used for the incurrence of eligible “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) (the “Tax Act”) as “flow-through mining expenditures for critical minerals” within the meaning of subsection 127(9) of the Tax Act (the “Qualifying Expenditures”) relating to the Company’s projects in Ontario. The Qualifying Expenditures will be incurred by December 31, 2026 and renounced by the Company to the initial purchasers of the CFT Units with an effective date no later than December 31, 2025 in an aggregate amount not less than the gross proceeds from the issuance of the CFT Units.
The Units issued under the LIFE Offering are offered to purchasers pursuant to the Listed Issuer Financing Exemption (the “LIFE Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Requirements of the Listed Issuer Financing Exemption, in all provinces of Canada. Pursuant to the LIFE Exemption, the shares to be issued under the LIFE Offering are not subject to a hold period under Canadian securities laws. The FT Shares were issued pursuant to the accredited investor exemption, such that the securities underlying the FT Shares are subject to a hold period of four months and one day.
The Company has filed an amended and restated offering document for the LIFE Offering (the “Offering Document”) in its SEDAR+ profile, which is available for purchase in accordance with the requirements of Form 45-106F19. The amended and restated Offering Document can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.ptxmetals.com. Prospective investors should read the amended and restated Offering Document before making an investment decision.
About PTX Metals Inc.
PTX is a mineral exploration company focused on high-value strategic metal deposits in Northern Ontario, providing its shareholders with the opportunity to participate in the discovery of copper, gold, nickel and platinum group metal deposits. The province of Ontario is known as a premier location for mining due to its rich mineral resources and secure legal jurisdiction.
Our corporate objective is to further develop our assets and unlock the potential of two flagship projects: the W2 Cu-Ni-PGE project in the strategically important Ring of Fire region and the Shining Tree Gold project near the multi-million ounce gold deposits in the Timmins Gold Camp.
PTX’s portfolio was strategically acquired due to its geologically favorable characteristics and proximity to established mining companies.
PTX is based in Toronto, Canada. The Company is also listed in Frankfurt under the symbol “9PF” and in the United States on the OTCQB under “PANXF”.
For more information about PTX, please visit the Company’s website at www.ptxmetals.com.
Contact
Greg Ferron, President and Chief Executive Officer
Phone: +1- 416-270-5042
Email: gferron@ptxmetals.com
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information and statements. These statements include statements about the ability to complete the offerings, the timing of completion, the extent of insider participation and the use of proceeds from the offerings. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties and other factors that may cause the Company’s actual events, results, performance or achievements to differ materially from the future events, results, performance and achievements expressed or implied in the forward-looking information and statements contained herein. The assumptions on which the forward-looking statements contained herein are based include, among other things, that the Company will receive the required approvals for the offerings from the TSXV, that the Company will meet the conditions of the LIFE Exemption and all other applicable securities exemptions or safe harbors, and that there will be sufficient demand for the securities. Additional risk factors that may affect the Company or cause the actual results and performance of the Company to differ from the forward-looking statements contained herein are set forth in the Company’s most recent Management Discussion and Analysis of Financial Condition (a copy of which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca available). Although the Company believes that all forward-looking information and statements contained herein are reasonable, given the use of assumptions and the significant risks and uncertainties associated with such information and statements, there can be no assurance that such forward-looking information and statements will prove to be accurate. Accordingly, readers are advised to rely on their own assessment of such risks and uncertainties and should not place undue reliance on such forward-looking information and statements. All forward-looking information and statements in this press release are made as of the date hereof, and unless required by applicable law, the Company assumes no obligation and disclaims any intention to update or revise the forward-looking information and statements in this press release or to update the reasons why actual events or results could differ from those projected in the forward-looking information and statements in this press release, whether as a result of new information, future events or results or otherwise, unless required by applicable law.
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The original language (usually English), in which the original text is published, is the official, authorized and legally binding version. This translation is provided for better understanding. The German version may be shortened or summarized. No responsibility or liability is assumed for the content, accuracy, appropriateness or accuracy of this translation. From the translator’s point of view, the message does not represent a buy or sell recommendation! Please note the original English message at www.sedarplus.ca, www.sec.gov, www.asx.com.au/ or on the company website!
