Atex Resources Stock Price, News & Analysis

ATEX Resources Inc. (TSXV: ATX) held its Annual General and Special Meeting on May 7, 2025, with strong shareholder participation representing 65.90% of total outstanding shares. All proposed motions received overwhelming approval. Shareholders voted to maintain a six-member board of directors with 100% approval. All six directors were re-elected with high approval rates ranging from 93.92% to 99.99%. McGovern Hurley LLP was re-appointed as auditor with 99.99% approval. The company's stock option plan and restricted share unit plan were also approved with 98.18% and 98.15% support respectively.

ATEX Resources has provided an update on its Phase V drilling program at the Valeriano Copper Gold Project in Chile. The company has completed approximately 13,700 metres of drilling with nine holes completed and five in progress.

Key highlights include:

• ATXD25A intersected the highest-grade zone to date with 30m of 4.40% copper equivalent within a broader interval of 108m of 1.69% CuEq
• ATXD23B targeting the B2B zone intersected 44m grading 1.00% CuEq within a broader interval of 210m of 0.83% CuEq
• ATXD27A intersected 42m of 1.20% CuEq, extending the B2B zone strike length by ~140m north

The high-grade porphyry trend now measures approximately 1,000m along strike and remains open. The company also announced the appointment of Elijah Tyshynski as Chief Financial Officer and Corporate Secretary effective May 1, 2025.

ATEX Resources (TSXV: ATX) reports significant results from its Phase V drilling program at the Valeriano Copper Gold Project in Chile. The highlight includes an intersection of 30 metres grading 4.40% copper equivalent within a broader interval of 108m of 1.69% CuEq in hole ATXD25A, representing the highest-grade porphyry intersection to date.

The program has extended the high-grade porphyry trend by 200m to a total length of ~1,000m, which remains open. Currently, five diamond drill rigs are operating, with 9,675 metres completed in Phase V. The company also announced the appointment of Dr. Christine Rainaud as Exploration Director, bringing over 25 years of international exploration experience.

Additional significant results include ATXD16B with 232m of 1.00% CuEq within 780m of 0.76% CuEq, and ATXD23A intersecting 152m of 2.12% CuEq within 342m of 1.52% CuEq. Two rigs are focused on the high-grade breccia B2B zone, two on infill drilling, and one on follow-up drilling.

ATEX Resources announced updated partial assay results from its Phase V exploration program at the Valeriano Copper Gold Project in Chile. Key highlights include:

ATXD16B intersected 220 metres of 1.00% copper equivalent within a broader interval of 590m of 0.78% CuEq. ATXD23A showed improved grades with 152m of 2.12% CuEq within a broader interval of 342m of 1.52% CuEq.

The company has completed three drill holes and has five actively drilling. The program has drilled 7,455m to date, with approximately 6,000m of drilling avoided through wedging from re-entered drill holes, resulting in significant cost and time savings. Two rigs are focused on defining the high-grade breccia B2B zone, while two others are conducting infill drilling within higher-grade Valeriano Porphyry units. The fifth rig continues testing the extents of known mineralization.

ATEX Resources (TSXV: ATX) has announced the grant of 295,110 restricted share units (RSUs) as part of its 2024 annual performance awards. Of these, 178,510 RSUs were allocated to management and directors. The RSUs will vest after one year and can be settled in either cash or common shares, at the holder's discretion.

The company also provided an update on its investor relations services, confirming Adelaide Capital Markets' continuous engagement since September 2022. Adelaide's services include investor relations strategy, corporate content creation, assistance with public reporting, and hosting virtual webinars. Their monthly fees were $10,000 from July 2023 to July 2024, later reduced to $8,000 from August through November 2024. Adelaide currently holds 343 warrants to purchase ATEX common shares.

ATEX Resources announced partial assay results from drill hole ATXD23A at its Valeriano Copper-Gold Project in Chile. The hole intersected 152.0 metres of 2.03% CuEq within a broader interval of 342.0 metres of 1.48% CuEq from 1,036 metres downhole.

This represents a 130-metre extension to the high-grade breccia mineralization discovered in previous drilling. The target breccia zone now has an estimated strike length of 400 metres and remains open in all directions. The company is currently operating five diamond drill rigs at the site, with two holes completed totaling 3,922 metres.

Follow-up drilling in holes ATXD27A and ATXD23B is testing extensions to the high-grade breccia zone. The company plans to update its mineral resource estimate later this year based on ongoing Phase V results.

ATEX Resources has provided key achievements for 2024 and updates on its Phase V exploration program at the Valeriano Copper Gold Project in Chile. The company reported significant developments including:

- Updated geological interpretation showing potential for a larger, simpler intrusive system than previously estimated
- Robust metallurgical results with copper recoveries of 92-95% and gold recoveries of 90-97%
- Strategic C$55 million investment from Agnico Eagle Mines
- Achievement of 100% ownership of Valeriano Project
- Strengthened management and board

For 2025, ATEX has five drilling rigs currently operational at Valeriano, with initial results expected in January from holes ATXD23A and ATXD16B. The company plans step-out drilling to expand the known mineralized footprint and expects to release an updated geology model and Mineral Resource Estimate in H2 2025.

ATEX Resources has achieved 100% ownership of the Valeriano Copper Gold Project ahead of schedule through an option exercise agreement with Sociedad Contractual Minera Valleno (SCMV). The final payment of US$8 million was satisfied through the issuance of approximately 7.5 million shares at C$1.52 per share.

Prior to this transaction, ATEX held a 49% interest in Valeriano, earned through US$4.25 million in cash payments and US$10 million in exploration expenditures. SCMV retains a 2.0% net smelter royalty (NSR) on the Project. Additionally, ATEX will grant two 0.25% NSRs to other holders, with ATEX maintaining right of first refusal on all NSRs.