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.
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.
Summary not available.
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).
CANEX Metals (OTC: NOMNF) announced a C$3.0 million non‑brokered private placement at $0.15 per share (up to 20,000,000 shares) led by investor N. Eric Fier, who will become an insider owning above 9.9%. CANEX extended its offer for all Gold Basin shares to Jan 9, 2026 5:00 p.m. Toronto time to complete the financing and advance consolidation of an Arizona oxide gold district. The financing is stated to provide liquidity and a 97% implied premium to Gold Basin’s last close before a May 6, 2025 cease‑trade order.
Summary not available.
CANEX Metals (OTC:NOMNF) announced results from its Annual & Special Meeting held on October 30, 2025.
Shareholders re-elected Shane Ebert, Jean-Pierre Jutras, Lesley Hayes, Gregory Hanks and Blair Schultz to the board, approved fixing the number of directors at five, appointed BDO Canada LLP as auditors, and ratified the company's stock option plan.
Summary not available.
CANEX Metals (TSXV:CANX) has announced contingency measures to address potential mailing delays of its annual general meeting materials due to the ongoing Canada Post strike. The meeting is scheduled for October 30, 2025, with a proxy voting deadline of October 28, 2025, at 10:00 AM Mountain time.
To ensure shareholder access to meeting materials, CANEX has made documents available on SEDAR+ and the company website. Shareholders can also request materials via email at info@canexmetals.ca or by phone at 1-403-233-2636. Both registered shareholders and those holding shares through intermediaries can still participate in voting through their respective channels.
CANEX Metals (TSXV:CANX) reports strong support for its acquisition offer of Gold Basin Resources (TSX.V:GXX), with over 26% of Gold Basin shares committed through Lock-up Agreements within 28 days of the 105-day bid period. The offer represents a premium exceeding 100% compared to Gold Basin's pre-cease-trade order price.
CANEX highlights significant governance issues at Gold Basin, including missed financial reporting deadlines, failure to hold annual shareholder meetings, lack of a transfer agent and auditors, and non-compliance with securities laws regarding the offer response. CANEX urges Gold Basin's board to recommend shareholders tender to the offer to move forward as a combined entity.