PTX Metals Stock Price, News & Analysis

PTX Metals (PANXF) has reported significant drilling results from its W2 Cu-Ni-PGE and Gold Project in Ontario's Ring of Fire. The company's drill hole W225-10 intercepted the widest near-surface mineralization to date at 235.14m, starting at 19.86m depth. Notable high-grade findings include up to 1.81% Copper, 1.48% Nickel, 5.59 g/t Gold, 0.66 g/t Platinum, and 0.57 g/t Palladium. A second drill hole, W225-11, located 3km east, demonstrated consistency along strike with 58m of mineralization including 17m of 0.50% Cu, 0.40% Ni. The systematic sampling showed improved widths compared to historical drilling, suggesting potential for expanded mineralization at depth. This marks the first drilling campaign in the CA zones since the 1990s, targeting an area interpreted to extend approximately 8km in strike length.

PTX Metals (PANXF) has enhanced its geological interpretation of the W2 Cu-Ni-PGE Project in Ontario's Ring of Fire through a refined 3D model and new Heli-GT Magnetic Survey results. The updated model reveals an 8-kilometer strike length folded stratigraphy-parallel horizon hosting mineralization, suggesting potential continuity between previously discrete zones (CA1, CA2, and AP). The interpretation identified thrusting/fault patterns that explain thick mineralization at the CA1 showing, ideal for potential near-surface bulk extraction. The company's database now includes 20 additional historical drill holes, totaling 20,402m across 111 drill holes. The high-resolution magnetic survey has improved the definition of known anomalies and identified untested targets with expansion potential. Additionally, PTX announced the appointment of Cindy Davis, the company's Corporate Controller, as the new Chief Financial Officer, replacing Graham Warren.

PTX Metals (OTCQB: PANXF) responds positively to Ontario Premier Doug Ford's April 17, 2025 announcement regarding new legislation to accelerate critical minerals and energy project development. The legislation aims to designate the Ring of Fire as a special economic zone, streamlining approval processes and including First Nations as development partners.

The company's W2 Project, a 22,000-hectare property located southwest of the Ring of Fire, is currently undergoing active exploration. The program includes drilling, HeliGT Magnetic Survey, and development of a 3D geological model over the Central Target. The property, situated 160 kilometers from the Pickle Lake all-season road and 30-35 km southwest of the proposed utility corridor, hosts significant mineralized zones containing critical metals including Copper, Nickel, Gold, and PGEs.

Following their September 2024 report of a substantial near-surface Exploration Target in the Central Target, PTX expects to update its Exploration Target as they enhance their understanding of the W2 Property.

PTX Metals (PANXF) has announced positive results from its second phase drill program at the Heenan-Mallard Gold Property, located 45 km northwest of IAMGOLD's Cote Gold Mine. The program, consisting of 5 diamond drill holes totaling 693.35m, confirmed the expansion of a newly discovered gold system.

Key highlights include an intersection of 75.75m at 0.50g/t Au, including 5.00m at 3.93 g/t gold in drill hole HE24-06. The mineralization remains open along strike and at depth, with successful step-out holes intercepting new gold zones. The combined Phase 1 and 2 drilling totals 1,305m across 9 holes.

The mineralization is primarily located within iron formation hosting felsic dikes, with gold associated with pyrite and minor quartz veining. Additionally, PTX has submitted exploration permits for its Shining Tree Property, where previous channel sampling returned significant results of 16.14m at 9.04g/t Au at the Ribble Vein at Ronda.

PTX Metals Inc. (OTCQB: PANXF) has initiated Phase 2 drilling program at its wholly-owned W2 Cu-Ni-PGE Project in Ontario. The 22,000-hectare property, located southwest of the Ring of Fire, will undergo up to 10 drill holes targeting the CA_1 and CA_2 zones in the Central Target Area.

Initial results from the first five holes have revealed visible mineralization including disseminated, semi-massive to massive sulfides over significant widths, with assays pending. The company aims to convert the September 2024 exploration target into a potential mineral resource estimate and expand the 'Interzone' mineralization between CA_1 and CA_2 zones, potentially spanning 4 km strike length.

The company has completed a 3,191 line-km HeliGT Magnetic Survey and is developing 3D geological models to enhance targeting. Operations are based out of Webequie First Nation, 50 km north of the project. Future work includes IP surveys, additional drilling, field mapping, and age dating of gabbro samples to understand potential connections with Ring of Fire mineralization.

PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF) (FSE: 9PX) has announced its upcoming transition to the TSX Venture Exchange (TSXV), with trading set to commence on March 11, 2025. The company will maintain its current ticker symbol (PTX) and CUSIP number (69380V205), while voluntarily delisting from the Canadian Securities Exchange (CSE).

Additionally, PTX Metals has achieved DTC eligibility for its common shares in the United States, enabling electronic clearing and settlement through the Depository Trust Company. This development is expected to streamline trading processes and enhance the liquidity of the company's shares, which trade under the symbol 'PANXF' on the OTCQB.

CEO.CA, a leading investor social network for junior resource and venture stocks, has featured an interview with Greg Ferron, CEO and Director of PTX Metals (CSE: PTX) (OTCQB: PANXF) in their 'Inside the Boardroom' series. The discussion focused on PTX's upcoming drill programs and the impact of recent financings on the company's forward plans, particularly regarding their W2 Copper-Nickel-PGE Project with drilling scheduled to begin in early March.

CEO.CA, established in 2012 and now a subsidiary of EarthLabs, Inc., serves millions of visitors annually as one of Canada's most popular free financial platforms, offering investor networking and mobile functionality.

PTX Metals Inc. (OTCQB: PANXF) has received conditional approval to list on the TSX Venture Exchange as a Tier 2 Mining Issuer. The company plans to voluntarily delist from the Canadian Securities Exchange once TSXV trading begins. CEO Greg Ferron states this move aligns with their long-term growth strategy and aims to facilitate investment from institutional, European, and US stakeholders.

At their February 25, 2025 annual general meeting, shareholders re-elected seven board members and reappointed Baker Tilly WM LLP as auditor. Additionally, shareholders approved a new omnibus long-term incentive plan, replacing the previous 10% rolling stock option plan. The new plan expands available incentives to include restricted share units and performance share units for officers, directors, employees, and consultants.

PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF) has completed a comprehensive airborne magnetic survey at its W2 CU Ni PGE project in northern Ontario. The survey, conducted by Scott Hogg & Associates, covered 3,191 line-kilometers at 75-meter spacing using the Heli-GT system, which records triaxial magnetic gradient data at low altitude.

The survey, based out of Webequie First Nations, was completed ahead of schedule, with final magnetic products expected by month-end. The data will be important for identifying magnetic anomalies associated with Cu-Ni-PGE mineralized gabbro bodies at the W2 Project.

Additionally, PTX has closed a Quebec Flow Through Private Placement of $180,000 at C$0.15 per share, issuing 1,200,000 common shares. This follows a December financing that raised $3,419,834. The company has also granted 1,375,000 incentive stock options to company stakeholders at $0.15 per share, exercisable for three years, while 937,500 previous stock options expired in November 2024.