Pjx Resources Stock Price, News & Analysis

PJX Resources (OTC: PJXRF) intends to extend the expiry of 21,610,038 share purchase warrants by 12 months to November 23, 2026, subject to TSXV approval. The Warrants were issued in a private placement on November 24, 2023 and remain exercisable at $0.20 per share with all other terms unchanged.

A total of 726,380 of these Warrants are held by related parties; the company expects to rely on exemptions under MI 61-101 and TSXV Policy 5.9 because insider-held Warrants do not exceed 25% of market capitalization. A material change report will be filed upon TSXV approval.

Exploration work on the Dewdney Trail Property is complete for the season; core and rock samples have been sent for analysis but results will not be compiled before the original warrant expiry, prompting the extension to allow shareholders more time to consider exercise.

PJX Resources (PJXRF) has completed the second tranche of its non-brokered private placement, raising total gross proceeds of $1,652,460. The second tranche consists of 4,714,286 Flow Through Units at $0.14 per unit and 2,000,000 Units at $0.12 per unit, totaling $900,000.

Each unit includes one common share and one warrant, with warrants exercisable at $0.20 for 24 months. The company will pay finders' fees of $36,236 and 283,520 warrants for the first tranche. The proceeds will fund exploration at PJX's properties in Cranbrook, British Columbia, with flow-through funds specifically allocated to eligible Canadian exploration expenses by December 31, 2026.

The company is currently drilling at its Dewdney Trail Property, which is strategically located 20km east of the historical Sullivan Mine, known for critical metals production over 90 years.

PJX Resources (OTC:PJXRF) has completed the first tranche of its non-brokered private placement, raising $752,460 through the issuance of 3,323,285 Flow Through Units at $0.14 per unit and 2,393,334 regular Units at $0.12 per unit.

Each unit includes one common share and one warrant exercisable at $0.20 for 24 months. The company expects to close the second tranche by July 31, 2025. Finders' fees include $36,236 cash and 283,520 warrants. Company insiders participated in the placement, with exemptions from certain regulatory requirements.

Proceeds will fund exploration at the company's Cranbrook, British Columbia properties and general working capital. Flow-through funds will be used for eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures by December 31, 2026.

PJX Resources (PJXRF) has announced a non-brokered private placement to raise $1.65 million through the issuance of 12,430,905 units. The offering includes both flow-through units at $0.14 and regular units at $0.12, with each unit containing one common share and one warrant exercisable at $0.20 for 24 months.

The company will use the proceeds for exploration at its Cranbrook, British Columbia properties, where recent drilling has identified three Sedimentary Exhalative (Sedex) horizons. PJX's exploration program has discovered Sullivan-style mineralization on its 100% owned 200 km² Dewdney Trail Property, with potential for zinc, lead, copper, silver, gold, and critical metals. The property shows promising magnetic anomalies extending over 1.6 km, with surface discoveries of mineralized boulders suggesting similarities to the historic Sullivan mine, which produced over 120 million tonnes of silver-lead-zinc ore.

PJX Resources has announced significant drilling results from its Dewdney Trail Property in British Columbia's Sullivan Mining District. The drilling identified three Sedimentary Exhalative (Sedex) horizons, each potentially hosting a Sedex deposit. The program discovered increased sulphide mineralization with iron-rich minerals and lesser concentrations of copper, zinc, and lead.

Key findings include a sulphide flooded vent with significant copper content, suggesting a hotter part of the mineralizing system. The drilling intersected a 29.87m vent section with notable mineral content. The company identified multiple target areas for future exploration, including the Kootenay King quartzite horizon, located 6.5 km on strike to the south.

Surface sampling revealed Sullivan-style mineralized boulders with high-grade results (9.33% zinc, 2.48% lead, 14.62 g/t silver). The exploration permit extends until July 2029, with plans for additional drilling when weather permits.

PJX Resources announced findings from recent drilling at their Dewdney Trail Property near Cranbrook, BC. The discovery of iron-rich minerals with copper and traces of zinc and lead in a venting geological environment suggests potential for a Sedex-type deposit. The mineralizing system shows similarities to the Sullivan deposit located 20km west.

The company plans to conduct additional drilling in 2025, focusing on higher areas of the venting system and along strike. PJX also announced a 12-month extension of 9,391,794 share purchase warrants to December 20, 2025, maintaining the exercise price at $0.25 per share, subject to TSXV Exchange approval.

The company owns 100% of mineral rights covering over 680 km² in the Sullivan Mining District, with the Dewdney Trail Property spanning 150 km². Recent exploration revealed Sullivan-style mineralization associated with a magnetic anomaly traceable for approximately 1.6 km.

PJX Resources announces drilling results from its Dewdney Trail Property, revealing multiple mineralized sedimentary horizons and a mineralized vent breccia. The company completed sixteen holes totaling 5,100 metres, intersecting sixteen semi-massive to massive sulphide beds ranging from 3cm to 30cm in thickness. Two Sedex horizons were identified near the historical Estella mine, with thicknesses ranging from 8 to 12 metres. The drilling confirmed zinc mineralization in outcrop and discovered boulders with Sullivan-style mineralization at the base of the mountain slope. The geology and mineralization support potential for a significant Sedimentary Exhalative (Sedex) deposit.

PJX Resources (PJXRF) has announced promising drilling results from its Dewdney Trail Property in British Columbia, Canada. The company has encountered geology supporting the potential for a Sedimentary Exhalative (Sedex) type deposit, similar to the nearby Sullivan deposit. Key findings include:

1. A 20m fragmental unit with abundant to semi-massive sulphide mineralization at 275m depth.
2. Presence of iron sulphides with visible trace amounts of copper and zinc sulphides.
3. Discovery of zinc, lead, and silver mineralization in surface boulders late last year.
4. A large magnetic anomaly traced for approximately 1.6 km.

PJX plans to expand drilling operations to further explore the potential of this new discovery, which could indicate a significant mineralization system in the area.

PJX Resources has received a five-year permit from the British Columbia Government to drill on its Dewdney Trail Property near Cranbrook, BC. This follows the discovery of Sullivan-style and grade zinc-lead-silver mineralisation on the property in late 2023. The upcoming drilling, slated for Summer and Fall, marks the first attempt to test these high-potential areas.

The discovery is significant as it is the first of its kind outside the Sullivan deposit area in 130 years. The mineralisation was found at surface, just 200 meters from an old mine road, and is tied to a magnetic geophysical anomaly spanning approximately 1.6 km.

At the annual and special meeting on June 18, 2024, all resolutions, including the approval of financial statements and company plans, were passed. A total of 77,707,985 shares, representing 44.6% of the issued shares, were represented.