PTX Metals Equity Holding Announces Closing of Green Canada Uranium Transaction

Rhea-AI Summary

PTX Metals (OTCQB: PANXF) announced the closing of the previously disclosed transaction involving Green Canada Corporation and MAACKK Capital, resulting in the creation of Green Canada Uranium Corp. (GCUC). GCUC is expected to begin trading on the TSX Venture Exchange under the symbol “GCUC” on or around September 9, 2026, and has completed the acquisition of a 100% interest in the Marshall uranium project in Saskatchewan’s Athabasca Basin.

According to PTX Metals, the transaction supports its strategy of realizing value from non-core assets, lowering related costs, and sharpening focus on its core Ontario portfolio, including the W2 Copper-Nickel-PGE Project and South Timmins gold assets, while retaining significant exposure to GCUC’s future through its shareholding.

Positive

• Creation of Green Canada Uranium Corp through closing of Green Canada and MAACKK Capital transaction
• GCUC listing expected on TSX Venture Exchange under symbol GCUC around September 9, 2026
• Marshall uranium project 100% interest acquired by GCUC in Athabasca Basin
• Cost reduction and focus on core Ontario assets W2 Copper-Nickel-PGE and South Timmins gold
• PTX retains significant exposure to uranium via its GCUC shareholding

Negative

• None.

News Explained

With the transaction closed and the Marshall acquisition completed, GCUC expects drilling to commence in September, adding a near-term exploration milestone to the completed restructuring.

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TORONTO, Sept. 1, 2026 /PRNewswire/ --  PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (Frankfurt: 9PX) ("PTX" or the "Company") is pleased to announce the closing of the previously announced transaction involving Green Canada Corporation and MAACKK Capital Corp., resulting in the creation of Green Canada Uranium Corp. ("GCUC"). GCUC is expected to commence trading on the TSX Venture Exchange under the symbol "GCUC" at market open on or around September 9, 2026.

GCUC has also completed the acquisition of a 100 per cent interest in the Marshall uranium project in Saskatchewan's Athabasca Basin. PTX is encouraged by the exploration potential at Marshall, where drilling is expected to commence in September. Further details of the transaction can be found in the GCUC press release issued today.

The transaction advances PTX's strategy of creating value from non-core assets while reducing associated costs and allowing the Company to sharpen its focus on its core Ontario portfolio, including the W2 Copper-Nickel-PGE Project and South Timmins gold assets.

"We are pleased to see Green Canada Uranium reach this important milestone," said Greg Ferron, President and CEO of PTX Metals. "As a separately listed uranium company, PTX is retaining significant exposure to its future success for our shareholders. At the same time, the transaction reduces costs at PTX and allows our team to remain focused on advancing our core Ontario assets."

PTX will also evaluate tax-efficient opportunities of its GCUC shareholding, subject to seeking applicable regulatory, tax and other considerations. Investors seeking updates regarding Green Canada Uranium, its projects and exploration activities should refer directly to Green Canada Uranium's public disclosures and communications.

About PTX Metals

PTX is a proudly Canadian mineral exploration company advancing gold and critical minerals projects in Northern Ontario, including its flagship W2 copper-nickel-PGE project near the gateway to the Ring of Fire and its South Timmins gold assets. PTX's objective is to advance its portfolio through disciplined exploration, technical excellence and responsible engagement with local communities while creating long-term value for shareholders.

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SOURCE PTX Metals Inc

FAQ

What transaction did PTX Metals (PANXF) close involving Green Canada Uranium on September 1, 2026?

PTX Metals closed a previously announced transaction involving Green Canada Corporation and MAACKK Capital, creating Green Canada Uranium Corp (GCUC). According to PTX Metals, this deal monetizes non-core assets, reduces associated costs, and supports a sharper focus on its core Ontario exploration portfolio.

When will Green Canada Uranium Corp (GCUC) begin trading after the PTX Metals (PANXF) transaction?

Green Canada Uranium Corp is expected to commence trading on the TSX Venture Exchange around September 9, 2026, under symbol “GCUC”. According to PTX Metals, this listing follows the closing of the Green Canada–MAACKK Capital transaction that created the standalone uranium company.

What is the Marshall uranium project acquired by Green Canada Uranium Corp from the PTX Metals (PANXF) transaction?

The Marshall uranium project is a property in Saskatchewan’s Athabasca Basin in which GCUC acquired a 100% interest. According to PTX Metals, Marshall offers encouraging exploration potential, with drilling expected to commence in September following the completion of the transaction.

How does the Green Canada Uranium deal affect PTX Metals’ (PANXF) strategy and core assets?

The transaction advances PTX Metals’ strategy of creating value from non-core assets and reducing related costs. According to PTX Metals, it allows greater focus on core Ontario projects, including the W2 Copper-Nickel-PGE Project and South Timmins gold assets, while retaining uranium exposure.

What exposure does PTX Metals (PANXF) retain to Green Canada Uranium after the transaction?

PTX Metals retains significant exposure to Green Canada Uranium Corp through its shareholding in the new company. According to PTX Metals, it will also evaluate tax-efficient opportunities related to this GCUC stake, subject to regulatory, tax, and other applicable considerations.

Where can investors find updates on Green Canada Uranium Corp after the PTX Metals (PANXF) transaction?

Investors should refer directly to Green Canada Uranium’s own public disclosures and communications for updates. According to PTX Metals, GCUC will provide information on its projects, including the Marshall uranium project, and on its exploration activities as a separately listed uranium company.