Welcome to our dedicated page for Canex Metals news (Ticker: NOMNF), a resource for investors and traders seeking the latest updates and insights on Canex Metals stock.
CANEX Metals Inc. reports corporate and mineral-property developments centered on its ownership position in Gold Basin Resources Corporation. Company news has covered its take-up of Gold Basin shares under an all-share offer, its role as controlling shareholder, and related shareholder-meeting, proxy, court-order, and governance matters involving Gold Basin.
Updates also address Gold Basin property issues, including liabilities, loan and settlement matters, asserted joint-venture interests, regulatory-compliance concerns, and developments tied to an oxide gold district in northern Arizona. The recurring news themes are corporate control, mineral-asset preservation, shareholder actions, and the resolution of disputes affecting Gold Basin and its project interests.
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CANEX Metals (NOMNF) announced the Supreme Court of British Columbia ordered a court‑appointed annual general meeting of Gold Basin shareholders for March 16, 2026. CANEX may send notice and conduct the Meeting, and Steven McKoen, K.C. is appointed independent chair. Gold Basin is restrained from transacting business until the Meeting concludes and must correct its central securities register.
The Court found Gold Basin's February 11 actions breached an earlier restraining order; CANEX reserves the right to seek contempt orders for further breaches.
CANEX Metals (TSXV:NOMNF) completed the final take‑up of its offer for Gold Basin, acquiring 73,026,822 common shares representing 54.04% of Gold Basin as of expiry at 5:00 p.m. (Toronto time) on February 10, 2026.
CANEX will proceed with payment in CANEX shares to deposited Gold Basin shareholders, call a special meeting to approve a subsequent acquisition to privatize Gold Basin, and intends to apply to delist Gold Basin shares from the TSXV and cease reporting status where permitted by law.
CANEX Metals (NOMNF) has acquired 70,167,146 Gold Basin shares, representing 51.93% and is now Gold Basin's controlling shareholder. A Supreme Court of British Columbia order reinstated Gold Basin's transfer agent and restrained the current Gold Basin board from incurring debt or disposing assets.
The CANEX takeover offer values Gold Basin at ~$22.4M (~$0.166 per share) and expires February 10, 2026; CANEX plans board changes, debt resolution and a potential merger, while warning of illiquidity risk for non-tendering shareholders.
CANEX Metals (NOMNF) has satisfied the minimum tender condition for its offer to acquire Gold Basin (GXX), with 68,994,029 shares deposited (51.06%). CANEX waived remaining conditions, will take up and pay for shares within three business days, and announced a mandatory extension to Feb 10, 2026.
The BCSC extended the partial revocation order to Mar 31, 2026, with possible expiry on Jun 30, 2026 if CANEX completes certain transactions. Offer terms: 0.592 CANEX shares per Gold Basin share (implied 314% premium, ~US$23.2M total, ≈$0.172/share). CANEX plans board control, regulatory remediation, debt settlement, and potential subsequent acquisition.
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CANEX Metals (NOMNF) extended its offer to purchase all issued and outstanding shares of Gold Basin to 5:00 p.m. (Toronto) on January 29, 2026. CANEX reports 66,244,176 shares tendered, representing 49.02% of Gold Basin outstanding, with an additional 1,321,067 shares needed to reach the 50%+1 take-up threshold. The offer provides 0.592 CANEX share per Gold Basin share, an implied 275% premium, valuing the transaction at about $20 million (~$0.15/share). CANEX cited delays from Gold Basin's cease trade order and absence of a transfer agent causing deficient tenders; restoration of Gold Basin to compliant status is uncertain.
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Canex Metals (OTC:NOMNF) disclosed an Early Warning Report under National Instrument 62-103 for a securities purchase dated December 23, 2025. Eric Fier purchased 7,387,000 common shares at $0.15 per share for total cash consideration of $1,108,050, representing an increase of 4.42% of the issued and outstanding common shares on an undiluted basis.
After the private placement Mr. Fier beneficially owns, controls or directs 16,695,800 shares, equal to 10.0% of Canex's issued and outstanding common shares. The shares were acquired for investment purposes and Mr. Fier may alter his ownership in the future. A copy of the early warning report will be available on Canex's SEDAR+ profile.
CANEX Metals (OTC:NOMNF) closed a non-brokered private placement of 20,000,000 shares at $0.15 for $3,000,000 on December 23, 2025, and disclosed that Eric Fier now owns 10% and is an insider.
The financing is intended to fund CANEX's offer to acquire Gold Basin (TSX.V:GXX), advance exploration at Gold Range and Louise projects, and provide working capital. Approximately 44% of Gold Basin shares have been deposited to CANEX's offer, which implies a 183% premium and values the offer at ~$17.2M (~$0.13 per Gold Basin share).