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ATEX Resources (OTCQB:ATXRF) has signed a binding agreement to acquire a strategic 14,550-hectare surface rights package for US$21 million in Chile's Atacama Region. The acquisition includes valuable water rights and covers the Valeriano Copper-Gold Project while extending into neighboring properties owned by Antofagasta Minerals and Codelco.
The company has also expanded its exploration footprint by adding 12,720 hectares of new claims - 10,800 ha west (Juno) and 1,920 ha east (Nueva) of Valeriano, increasing its total exploration holdings by over 300% to 16,515 hectares. The western claims feature an untested hyperspectral alteration anomaly similar to those observed at Valeriano and other regional projects.
This strategic acquisition will eliminate approximately US$450,000 in annual land access payments while generating revenue through existing land access agreements. The company had approximately C$50 million in cash at the time of executing the agreement.
ATEX Resources (OTCQB: ATXRF) announced an updated Mineral Resource Estimate for its Valeriano Project in Chile, establishing it as one of the largest undeveloped copper-gold projects globally. The resource includes 475 million tonnes at 0.88% CuEq Indicated and 1.5 billion tonnes at 0.75% CuEq Inferred.
Key highlights include 6.1 billion pounds of copper Indicated and 16.7 billion pounds Inferred, plus significant gold and silver resources. The high-grade B2B Zone contains 28.4 million tonnes Indicated at 1.36% CuEq, suggesting potential for a smaller starter underground mine. The project demonstrates exceptional metallurgical recoveries exceeding 95% for copper and gold, producing a clean concentrate.
ATEX Resources Inc. (TSXV: ATX) announced its common shares will begin trading on the OTCQB Market in the United States under the symbol "ATXRF" on September 23, 2025. The company has also applied for DTC eligibility to enhance trading efficiency and liquidity for U.S. investors.
Additionally, ATEX is changing its financial year-end from September 30 to December 31 to better align with industry peers and improve financial reporting comparability. The company will file Q4 interim unaudited statements within 60 days of September 30, 2025, followed by audited annual statements for the extended period from October 1, 2024, to December 31, 2025.
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