PTX Metals Updates: Ontario's Premier Announces Support to Unleash the Economic Potential for Critical Minerals and Energy in Ontario and Ring of Fire
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 (OTCQB: PANXF) accoglie con favore l'annuncio del 17 aprile 2025 del Premier dell'Ontario Doug Ford riguardante una nuova legislazione per accelerare lo sviluppo di progetti legati a minerali critici ed energia. La normativa mira a designare il Ring of Fire come zona economica speciale, semplificando i processi di approvazione e includendo le Prime Nazioni come partner nello sviluppo.
Il Progetto W2 dell'azienda, una proprietà di 22.000 ettari situata a sud-ovest del Ring of Fire, è attualmente oggetto di esplorazioni attive. Il programma comprende perforazioni, indagini magnetiche HeliGT e lo sviluppo di un modello geologico 3D sull'Obiettivo Centrale. La proprietà, posizionata a 160 chilometri dalla strada di Pickle Lake fruibile tutto l'anno e a 30-35 km a sud-ovest del corridoio di utilità proposto, ospita zone mineralizzate significative contenenti metalli critici come Rame, Nichel, Oro e PGEs.
A seguito del rapporto di settembre 2024 che evidenziava un consistente Obiettivo di Esplorazione vicino alla superficie nell'Obiettivo Centrale, PTX prevede di aggiornare tale Obiettivo di Esplorazione man mano che approfondisce la conoscenza della proprietà W2.
PTX Metals (OTCQB: PANXF) responde positivamente al anuncio del 17 de abril de 2025 del Premier de Ontario Doug Ford sobre una nueva legislación para acelerar el desarrollo de proyectos de minerales críticos y energía. La legislación busca designar el Ring of Fire como una zona económica especial, agilizando los procesos de aprobación e incluyendo a las Primeras Naciones como socios en el desarrollo.
El Proyecto W2 de la compañía, una propiedad de 22,000 hectáreas ubicada al suroeste del Ring of Fire, está actualmente en exploración activa. El programa incluye perforaciones, un estudio magnético HeliGT y el desarrollo de un modelo geológico 3D sobre el Objetivo Central. La propiedad, situada a 160 kilómetros de la carretera de acceso durante todo el año de Pickle Lake y a 30-35 km al suroeste del corredor de servicios propuesto, alberga zonas mineralizadas significativas que contienen metales críticos como Cobre, Níquel, Oro y PGEs.
Tras su informe de septiembre de 2024 que reportó un considerable Objetivo de Exploración cercano a la superficie en el Objetivo Central, PTX espera actualizar su Objetivo de Exploración a medida que mejora su comprensión de la propiedad W2.
PTX Metals (OTCQB: PANXF)는 2025년 4월 17일 온타리오 주지사 더그 포드(Doug Ford)의 중요 광물 및 에너지 프로젝트 개발 가속화를 위한 새로운 법안 발표에 긍정적으로 반응했습니다. 이 법안은 링 오브 파이어(Ring of Fire)를 특별 경제 구역으로 지정하여 승인 절차를 간소화하고 퍼스트 네이션(First Nations)을 개발 파트너로 포함하는 것을 목표로 합니다.
회사의 W2 프로젝트는 링 오브 파이어 남서쪽에 위치한 22,000헥타르 규모의 부지로 현재 활발한 탐사가 진행 중입니다. 프로그램에는 시추, HeliGT 자기 조사, 중앙 목표 지역에 대한 3D 지질 모델 개발이 포함됩니다. 이 부지는 연중 이용 가능한 픽클 레이크 도로에서 160km, 제안된 유틸리티 회랑에서 남서쪽으로 30-35km 떨어져 있으며, 구리, 니켈, 금, 백금족 원소(PGEs)를 포함한 핵심 금속이 풍부한 광화대가 있습니다.
2024년 9월 중앙 목표 지역에서 표면 근처에 상당한 탐사 목표가 보고된 이후, PTX는 W2 부지에 대한 이해를 높여 탐사 목표를 업데이트할 계획입니다.
PTX Metals (OTCQB : PANXF) réagit positivement à l'annonce du 17 avril 2025 du Premier ministre de l'Ontario, Doug Ford, concernant une nouvelle législation visant à accélérer le développement des projets liés aux minéraux critiques et à l'énergie. Cette législation vise à désigner le Ring of Fire comme une zone économique spéciale, simplifiant les processus d'approbation et incluant les Premières Nations comme partenaires de développement.
Le projet W2 de la société, une propriété de 22 000 hectares située au sud-ouest du Ring of Fire, fait actuellement l'objet d'explorations actives. Le programme comprend des forages, une enquête magnétique HeliGT et le développement d'un modèle géologique 3D sur la cible centrale. La propriété, située à 160 kilomètres de la route accessible toute l’année de Pickle Lake et à 30-35 km au sud-ouest du corridor utilitaire proposé, abrite des zones minéralisées importantes contenant des métaux critiques tels que le cuivre, le nickel, l’or et les éléments du groupe du platine (PGEs).
Suite à leur rapport de septembre 2024 faisant état d’une importante cible d’exploration proche de la surface sur la cible centrale, PTX prévoit de mettre à jour cette cible d’exploration à mesure qu’elle approfondit sa compréhension de la propriété W2.
PTX Metals (OTCQB: PANXF) reagiert positiv auf die Ankündigung des Premierministers von Ontario, Doug Ford, vom 17. April 2025 bezüglich neuer Gesetzgebung zur Beschleunigung der Entwicklung von Projekten für kritische Mineralien und Energie. Die Gesetzgebung zielt darauf ab, den Ring of Fire als Sonderwirtschaftszone auszuweisen, Genehmigungsverfahren zu vereinfachen und die First Nations als Entwicklungspartner einzubeziehen.
Das W2-Projekt des Unternehmens, ein 22.000 Hektar großes Grundstück südwestlich des Ring of Fire, befindet sich derzeit in aktiver Erkundung. Das Programm umfasst Bohrungen, eine HeliGT-Magnetuntersuchung und die Entwicklung eines 3D-Geologiemodells über dem Zentralziel. Das Grundstück liegt 160 Kilometer von der ganzjährig befahrbaren Pickle Lake Straße entfernt und 30-35 km südwestlich des vorgeschlagenen Versorgungskorridors und beherbergt bedeutende mineralisierte Zonen mit kritischen Metallen wie Kupfer, Nickel, Gold und Platingruppenelementen (PGEs).
Nach ihrem Bericht vom September 2024 über ein erhebliches oberflächennahes Explorationsziel im Zentralziel erwartet PTX, sein Explorationsziel zu aktualisieren, während sie ihr Verständnis der W2-Liegenschaft vertiefen.
- New legislation could accelerate approval processes for the company's projects
- Strategic location near Ring of Fire designated economic zone
- Substantial near-surface Exploration Target identified in September 2024
- Project contains critical minerals (Cu-Ni-PGE and gold)
- Project location requires significant infrastructure development
- Property is 160km from nearest all-season road
Toronto, Ontario--(Newsfile Corp. - April 21, 2025) - PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX) ("PTX" or the "Company"), a mineral exploration company focused on high-quality Cu-Ni-PGE and gold projects in northern Ontario, is pleased to hear the announcement of Ontario's Premier Doug Ford on April 17, 2025 that took place at the Exchange Tower in Toronto about the new legislation for Ontario to unleash the economic potential for critical minerals and energy projects. As the Ontario's Premier declared a positive step forward for the mining industry, he emphasized strong support in designating the Ring of Fire as an important economic zone and the urgency for infrastructure development, and streamlining approval processes (Doug Ford Announces Bill to Speed up Resource Development - April 17, 2025 | Headline Politics | CPAC.ca). The bill would give the province the new authority to designate special economic zones for strategically important projects, like the Ring of Fire mining development.
Greg Ferron, CEO and President of PTX Metals states: "We are delighted to see such positive enhancements within the Province of Ontario related to resource development and the potential legislation designating the Ring of Fire as an important economic zone. Importantly, we are also pleased to hear that First Nations will be included as a partner in the development of the area. As for PTX, it will support the growth of our projects, the W2 Project which hosts substantial mineralized zones hosting critical metals including Copper, Nickel, Gold and PGEs and our Shining Tree/Heenan Mallard gold projects near Timmins."
The Company recently announced the details of its active exploration program at W2 Cu-Ni-PGE Project (W2 Project) along with plans for subsequent work programs. The W2 Project is a 22,000-hectare property located southwest of the Ring and Fire and 160 kilometres from the existing Pickle Lake all season road, and 30 to 35 km southwest of the proposed utility corridor and all season Webequie Supply Road.
Currently the Company is making progress with a program consisting of drilling, a HeliGT Magnetic Survey, and most importantly enhancement of a 3D geological model over the Central Target. The Magnetic Survey and the 3D geological model has provided PTX with a better understanding of controls of the mineralization in the Central Area which hosts the CA and AP zones, as well as simultaneously defining new areas of interest across the W2 Project.
In September 2024, the Company reported a substantial near-surface Exploration Target in the Central Target (see press release of September 4th, 2024).
As PTX is advancing into the exploration program, the Company expects to update its Exploration Target as knowledge on the W2 Property are being enhanced.
Qualified Person:
The technical information presented in this news release has been reviewed and approved by Joerg Kleinboeck, P. Geo., a non-independent qualified person to PTX Metals who is responsible for ensuring that the technical information provided in this news release is accurate and who acts as a "qualified person" (QP) as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About PTX Metals Inc.:
PTX is a mineral exploration company focused on high-quality strategic metals assets in northern Ontario, allowing exposure for shareholders to Copper, Gold, Nickel, and PGEs. The Province of Ontario is renowned as a top mining jurisdiction for its abundance of mineral resources and investment opportunities.
Our corporate objective is to advance its assets, and unveil the potential of its two Flagship Projects, the W2 Cu-Ni-PGE located in the strategic Ring of Fire, and the Shinning Tree Gold Project neighbor of multi-million ounces gold deposits in the Timmins Gold Camp.
PTX's portfolio of assets was strategically acquired for their geologically favorable attributes, and proximity to established mining companies. PTX's mineral exploration programs are designed by a team of expert geologists with extensive career knowledge gained from their tenure working for global mining companies in northern Ontario and around the world.
PTX is based in Toronto, Canada, with a primary listing on the TSX under the symbol PTX. The Company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as PANXF.
For additional information on PTX, please visit the Company's website at https://ptxmetals.com/.
For further information, please contact:
Greg Ferron, President and Chief Executive Officer
Phone: +1 (416) 270-5042
Email: gferron@ptxmetals.com
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the ability of the Company to satisfy the regulatory, stock exchange and commercial closing conditions of Private Placement, and the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals, will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company's public filings available under the Company's profile at www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249169
FAQ
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