ATEX Provides Corporate Update

Rhea-AI Summary

ATEX (TSXV: ATX; OTCQB: ATXRF) announced corporate updates on November 27, 2025. The company granted 1,994,261 incentive stock options (990,245 to officers) exercisable at $2.60 for five years with one‑third vesting each year for three years. It also granted 262,096 restricted share units to directors (vesting on board departure) and 389,280 RSUs to employees (193,296 to officers) vesting one‑third annually over three years.

ATEX confirmed its common shares are now DTC eligible, enabling electronic clearing and settlement in the U.S. The shares began trading on the OTCQB under ATXRF on September 23, 2025 and continue trading on the TSXV under ATX.

Positive

• DTC eligibility secured on Nov 27, 2025
• OTCQB trading active under ATXRF since Sept 23, 2025

Negative

• 1,994,261 stock options granted at $2.60
• 651,376 RSUs granted in total (directors + employees)

News Market Reaction – ATXRF

+3.62%

1 alert

+3.62% News Effect

On the day this news was published, ATXRF gained 3.62%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Incentive stock options: 1,994,261 options Officer options: 990,245 options Option exercise price: $2.60 per share +5 more

8 metrics

Incentive stock options 1,994,261 options Granted to employees under Stock Option Plan

Officer options 990,245 options Portion of total options granted to officers

Option exercise price $2.60 per share Exercise price for new incentive stock options

Option term 5 years Validity period for granted stock options

Director RSUs 262,096 RSUs Restricted share units granted to directors

Employee RSUs 389,280 RSUs Restricted share units granted to employees

Officer RSUs 193,296 RSUs Portion of employee RSUs granted to officers

OTCQB listing date September 23, 2025 Start of trading under ticker ATXRF

Market Reality Check

Price: $2.41 Vol: Volume 53,736 vs 20‑day a...

normal vol

$2.41 Last Close

Volume Volume 53,736 vs 20‑day average 50,669 (relative volume 1.06x). normal

Technical Price $2.035 is trading above the $1.85 200‑day moving average.

Historical Context

5 past events · Latest: Nov 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 27	Corporate update	Positive	+3.6%	Equity incentives and DTC eligibility to support U.S. trading access.
Nov 14	Corporate update	Neutral	-3.3%	Management promotions and new stock option grant under option plan.
Nov 03	Resource update	Positive	-2.1%	Filing of NI 43‑101 report with updated Valeriano resource estimate.
Oct 21	Drill results	Positive	-1.7%	Phase VI drill hole ATXD25C with high‑grade CuEq intercepts at B2B.
Oct 01	Program launch	Positive	+6.0%	Start of largest Phase VI drilling program with six rigs at Valeriano.

Pattern Detected

News tied to exploration programs has sometimes seen positive alignment, while strong technical updates have previously coincided with negative short‑term reactions.

Recent Company History

Over the last few months, ATEX issued several updates on its Valeriano copper‑gold project and corporate matters. On Oct 1, it launched Phase VI drilling with six rigs targeting 25,000 m, followed by high‑grade intercept results on Oct 21 and an updated Mineral Resource Estimate on Nov 3. Subsequent corporate updates on Nov 14 and Nov 27 focused on management changes, equity incentives, and U.S. trading access. Today’s news continues this pattern of operational scaling and capital markets positioning.

Market Pulse Summary

This announcement combines internal incentive alignment with a capital‑markets milestone. The grant ...

Analysis

This announcement combines internal incentive alignment with a capital‑markets milestone. The grant of 1,994,261 options at $2.60 and new RSUs to directors and employees expands equity‑based compensation, while DTC eligibility is expected to simplify U.S. trading of ATXRF. In context of recent drilling and resource updates, investors may track how enhanced U.S. access, future exploration results, and additional corporate actions influence trading liquidity and ownership structure.

Key Terms

incentive stock options, restricted share units, DTC eligibility, Depository Trust Company, +2 more

6 terms

incentive stock options financial

"it has granted an aggregate of 1,994,261 incentive stock options to employees"

Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.

restricted share units financial

"In addition, 262,096 restricted share units ("RSU") have been granted to directors"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

DTC eligibility regulatory

"ATEX is also pleased to announce that its common shares are now eligible for electronic clearing and settlement ... through the Depository Trust Company ("DTC"). DTC eligibility is expected"

DTC eligibility means a security has been accepted for electronic processing and settlement by the Depository Trust Company, the central clearing and custody service that moves shares between brokers. This matters to investors because it makes buying, selling and holding the security faster and cheaper—like switching from mailing paper checks to instant bank transfers—boosting liquidity and reducing the risk of trade delays or extra paperwork.

Depository Trust Company regulatory

"through the Depository Trust Company ("DTC"). DTC eligibility is expected"

A central securities depository that holds stocks, bonds and other securities in electronic form and handles the transfer and finalizing of trades between brokerages. For investors it acts like a secure electronic vault and central bookkeeping hub that speeds transactions, reduces the chance of lost or duplicated certificates, and determines whether holdings are eligible for trading, dividends and other corporate actions through your broker.

electronic clearing and settlement technical

"eligible for electronic clearing and settlement in the United States through the Depository Trust Company"

Electronic clearing and settlement is the computerized process that records, confirms and completes the exchange of securities and money after a trade, replacing paper-based steps with automated systems. It matters to investors because it speeds up transactions, reduces the chance of errors or failed trades, and lowers the risk that one party won’t deliver what they promised — similar to an instant, verified transfer that guarantees both sides receive what they paid for.

OTCQB financial

"shares began trading on the OTCQB Venture Market ("OTCQB") under the ticker symbol "ATXRF""

OTCQB is a tier of the over‑the‑counter (OTC) market where smaller or developing companies list their shares for trading without being on a major stock exchange. Think of it like a well‑kept side street market: companies must meet basic reporting and transparency checks so investors get more information than the lowest OTC tier, but trading is usually less liquid and riskier than on big exchanges. Investors care because OTCQB listings can offer early access to growth stories but come with higher price swings and greater chance of limited resale options.

AI-generated analysis. Not financial advice.

DTC Eligibility Secured Enhancing Liquidity of ATEX Shares in U.S.

Toronto, Ontario--(Newsfile Corp. - November 27, 2025) - ATEX Resources Inc. (TSXV: ATX) (OTCQB: ATXRF) ("ATEX" or the "Company") is pleased to announce that in accordance with its Stock Option Plan, it has granted an aggregate of 1,994,261 incentive stock options to employees of which 990,245 have been granted to officers. Each option entitles the holder to acquire one ATEX common share at an exercise price of $2.60 over a period of five years and will vest one third on each of the first, second and third anniversaries of the grant date in accordance with the Company's Stock Option Plan. In addition, 262,096 restricted share units ("RSU") have been granted to directors of the Company and will vest on the date of termination of his or her membership on the Board. Finally, 389,280 RSUs have been granted to employees, of which 193,296 have been granted to officers and will vest one third on each of the first, second and third anniversaries of the grant date in accordance with the Company's Restricted Share Unit Plan.

ATEX is also pleased to announce 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 trading and enhance the liquidity of ATEX shares in the United States. The Company's shares began trading on the OTCQB Venture Market ("OTCQB") under the ticker symbol "ATXRF" on September 23, 2025. ATEX's common shares continue to trade on the TSX Venture Exchange in Canada under the symbol "ATX".

DTC is a subsidiary of the Depository Trust & Clearing Corporation ("DTCC"), a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are "DTC eligible". The electronic method of clearing securities through the DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process for investors trading the Company's shares.

About ATEX

ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi (NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick). Valeriano hosts a large, high-grade, copper-gold porphyry Mineral Resource: an Indicated Resource of 475 Mt at 0.88% CuEq (0.58% Cu, 0.25 g/t Au, 1.39 g/t Ag and 70.4 g/t Mo) at a cutoff grade of 0.35% Cu, and an Inferred resource of 1,511 Mt at 0.75% CuEq (0.50% Cu, 0.20 g/t Au, 1.16 g/t Ag and 70.6 g/t Mo) at a cut-off grade of 0.35% Cu, as reported on September 23, 2025.

For further information, please contact:

Ben Pullinger,
President and CEO
Email: bpullinger@atexresources.com

Aman Atwal,
Vice President, Business Development and Investor Relations
Email: aatwal@atexresources.com

1-647-398-9405
or visit ATEX's website at www.atexresources.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

This news release contains forward-looking statements, including predictions, projections, and forecasts. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements.

Such forward-looking statements include, among others: statements regarding the consolidation of an evolving and highly prospective new copper district; statements regarding collaboration and partnership in this new district; statements regarding plans for the evaluation of exploration properties including the Valeriano Copper Gold Project; the success of evaluation plans; the success of exploration activities especially to the significant expansion of the high-grade corridor; mine development prospects; potential for future metals production; changes in economic parameters and assumptions; all aspects related to the timing and extent of exploration activities, including the Phase V and Phase VI programs contemplated in this press release; timing of receipt of exploration results; the interpretation and actual results of current exploration activities and mineralization; changes in project parameters as plans continue to be refined; the results of regulatory and permitting processes; future metals price; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; labour disputes and other risks of the mining industry; the results of economic and technical studies; delays in obtaining governmental and local approvals or financing or in the completion of exploration; timing of assay results; as well as those factors disclosed in ATEX's publicly filed documents.

Although ATEX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts
responsibility for the adequacy or accuracy of the content of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276221

FAQ

What did ATEX (ATXRF) announce on November 27, 2025?

ATEX announced grants of 1,994,261 stock options and 651,376 RSUs and confirmed DTC eligibility.

How many stock options did ATEX (ATXRF) grant and at what price?

ATEX granted an aggregate of 1,994,261 options exercisable at $2.60 for five years.

When do the ATEX (ATXRF) options and employee RSUs vest?

Options and employee RSUs vest one‑third on each of the first, second and third anniversaries of the grant date.

What does DTC eligibility mean for ATEX (ATXRF) shareholders?

DTC eligibility enables electronic clearing and settlement in the U.S., simplifying trading and potentially improving liquidity.

Is ATEX trading in the U.S. and Canada under different tickers?

Yes. ATEX trades on the OTCQB as ATXRF and on the TSX Venture Exchange as ATX.

How many RSUs did ATEX (ATXRF) grant to directors versus employees?

ATEX granted 262,096 RSUs to directors and 389,280 RSUs to employees.