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.
GCUC has completed the acquisition of a 100% interest in the Marshall uranium project in Saskatchewan’s Athabasca Basin, where drilling is expected to commence in September. According to PTX, the transaction advances its strategy to generate value from non-core assets, reduce related costs, and sharpen 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
- Closing of transaction creating Green Canada Uranium Corp. with TSXV listing expected around September 9, 2026
- GCUC acquires 100% interest in the Marshall uranium project in Saskatchewan’s Athabasca Basin
- PTX strategy advanced by monetizing non-core assets and reducing associated costs
- PTX sharpens focus on core Ontario assets, including the W2 copper-nickel-PGE project and South Timmins gold portfolio
- PTX retains significant exposure to GCUC’s potential upside through its shareholding
Negative
- None.
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Toronto, Ontario--(Newsfile Corp. - September 1, 2026) - PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 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.
For further information, please contact:
Greg Ferron, President and CEO
1 (416) 270-5042
gferron@ptxmetals.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312307