Welcome to our dedicated page for PTX Metals news (Ticker: PANXF), a resource for investors and traders seeking the latest updates and insights on PTX Metals stock.
PTX Metals Inc. reports exploration, project and financing developments for a Canadian mineral exploration business focused on Northern Ontario. Company news centers on the W2 copper-nickel-PGE and gold project in the Ring of Fire area and the Shining Tree Gold Project in the Timmins Gold Camp, including drill results, geophysical and structural studies, target generation and follow-up exploration planning.
PTX updates also cover capital actions tied to exploration funding, including non-brokered private placements of flow-through shares, hard-dollar units and warrants. Corporate items include exchange listings, capital-structure changes and ownership updates involving Green Canada Corporation.
Green Canada Corporation (PANXF), a 50.73% subsidiary of PTX Metals, closed the first tranche of a previously announced $500,000 private placement on January 16, 2026. The company issued 2,369,230 common shares at $0.13 per share for gross proceeds of $308,000, with the shares subject to a statutory hold period of four months and one day. Net proceeds are expected to be used for general working capital and corporate purposes.
GCC also granted 7,725,000 incentive stock options at an exercise price of $0.14 per share expiring January 19, 2031, subject to vesting and the same statutory hold period; 3,750,000 options expired during the year ending December 31, 2025 and in January 2026.
Green Canada Corporation (PANXF) announced a non-brokered private placement of up to 3,846,154 common shares at $0.13 per share for gross proceeds of up to $500,000. The offering may pay 7% cash finder fees in certain cases. If fully subscribed, PTX Metals' stake in Green Canada would decline from 54.33% to approximately 48.72% on a non-diluted basis. All securities will be subject to a four-month-and-one-day hold period following the later of closing or the company becoming a reporting issuer. Green Canada has a binding LOI dated November 13, 2025, to pursue a proposed reverse take-over of MAACKK Capital Corp.; closing requires regulatory approval and is not a condition of the Offering. Net proceeds are expected to be used for general working capital and corporate purposes.
PTX Metals (OTCQB: PANXF) completed structurally oriented fieldwork and a high-resolution drone magnetics survey on the Shining Tree Gold Property (Dec 2025). SRK-collected surface sampling returned multiple high-grade assays, including up to 69.00 g/t Au at Rhonda and 18.82 g/t Au at Herrick from October 2025 sampling. Resampling at Rhonda reproduced high-grade channel results, suggesting traceable continuity along the Rhonda structure. Terrascope completed a 2,783.5 line-km drone magnetics survey to replace low-resolution data. The company drilled ~1,200 m at the W2 PGE-Cu-Ni project; core shows sulfide-bearing gabbro and assays are expected in Q1 2026. A 3-month marketing contract for $6,000 was also executed in December 2025.
PTX Metals (OTCQB:PANXF, TSXV:PTX) launched a 5,000 metre diamond drill program at the W2 Cu‑Ni‑PGE‑Au project in Ontario on December 1, 2025, targeting the Central Target with initial holes at the CA1 and AP zones.
Drilling follows compilation of >120 historic and PTX drill holes, a 2025 high‑resolution magnetic survey, electromagnetic Maxwell plates, and recent preliminary metallurgical work. Operations are based from an exploration camp using local Webequie First Nation support and regional infrastructure agreements.
Green Canada Corporation (PANXF) announced a proposed reverse take‑over (Proposed RTO) of MAACKK Capital and a concurrent proposed acquisition of the Marshall Project from Basin Energy (BSN) dated November 13, 2025, with the RTO LOI and Mineral Rights LOI. The transaction includes a proposed Concurrent Financing of C$2,500,000, a MAACKK share consolidation at 6.25:1, and PTX Metals holding 54.3% of GCC (18,166,666 shares) before closing.
Consideration for the Marshall Project includes C$600,000 cash in four annual instalments, C$300,000 in shares over three years, and 9.99% of Resulting Issuer shares at closing; BSN retains certain ROFR and repurchase rights.
PTX Metals (OTCQB: PANXF / TSXV: PTX) reported positive 3D inversion results from its 2025 magnetic survey at the W2 Cu-Ni-PGE project in Ontario, which strengthen drill targeting and target expansion visibility.
Key technical findings: a geologically preferred folded horizon estimated at ~8 km strike, stacked north-south imbrications producing near-surface bulk-tonnage targets, and a stacked zone example reaching up to 1,850 m width extending to depth. Work programs underway include a drill program, metallurgical testing, paragenesis and age-dating studies on 2024–2025 core.
Other updates: a LIDAR survey flown in October 2025 with results expected by early January 2026, and the Ontario–Webequie agreement signed on October 29, 2025 to advance regional infrastructure near the project.
PTX Metals (OTCQB: PANXF, TSXV: PTX) has started a pre-drilling work program at its Shining Tree Gold Project in South Timmins along the Ridout-Tyrrell Deformation Zone (RTDZ) on October 22, 2025. The program includes a detailed structural review by SRK Consulting and an ~8,000-hectare airborne magnetic survey by Terrascope flown at 35-m spacing with 3D inversion to refine drill targets.
PTX highlighted past surface results at the Ronda target, including 60.30 g/t Au over 0.50 m within 9.04 g/t Au over 16.15 m from February 2024 stripping and channel sampling. A drill program is planned to follow the targeting work. PTX also noted its combined Shining Tree and Heenan-Mallard land package totals ~300 km2.
PTX Metals (OTCQB:PANXF) has announced positive mineralogy results and work program updates for its W2 Copper-Nickel-PGE and Gold Project in Ontario, Canada. The preliminary mineralogy study revealed high mineral liberation rates, with pyrrhotite at 96.8%, pyrite at 94.2%, chalcopyrite at 94.25%, and pentlandite at 92%.
The company has initiated several key programs for Q3 2025, including: metallurgical testing by SGS Canada to evaluate flotation response and mineral recovery, a 3D-inversion geophysics study of the Central Target area, and age-dating studies to understand the deposit's relationship with the Ring of Fire region. The mineralization along the trend can be traced for approximately 8 kilometers.