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PJX Resources Inc. reports mineral exploration, financing and disclosure developments tied to its British Columbia property portfolio. The company focuses on gold, silver, zinc, lead, copper, cobalt and other critical metals, with mineral rights across a large land package in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley.
Recurring company updates cover exploration targets such as the Gar target on the Zinger Property and Sedex-style targets on the Dewdney Trail Property, along with private placements, warrant terms, related-party participation, shareholder voting matters, governance disclosures and changes to financial reporting practices for venture issuers.
PJX Resources (OTC: PJXRF) closed the second tranche of its previously announced non-brokered private placement, bringing total gross proceeds to $6.3 million. The first tranche closed on July 6, 2026 for $3,422,040; the second tranche raised $2,877,960 through 8,270,000 Charity Flow-through Units and 8,270,000 Charity Flow-through Critical Metals Units.
Units were priced at $0.125 (Unit), $0.15 (FTU), $0.168 (CFTU) and $0.18 (CFTUCM), each comprising one flow-through common share and one warrant exercisable at $0.20 for 24 months. Subject to TSXV approval, finders’ fees of $74,725 and 597,800 warrants may be paid. PJX plans to use proceeds for exploration on its Cranbrook-area properties and working capital, and to incur qualifying flow-through critical mineral expenditures by December 31, 2026.
An initial 4,000 m drill program has started on the Dewdney Trail Property targeting Sullivan-style Sedex critical metals, guided by the 30 m Quake Zone horizon. At the Zinger Property’s Gar target, prospecting and sampling are underway ahead of planned drilling of a Reduced Intrusion Related Gold System with previously reported grab samples up to 28.84 g/t gold.
PJX Resources (PJXRF) closed the first tranche of its non-brokered private placement of up to 44 million units for gross proceeds of up to $6.3 million.
The first tranche raised $3,422,040 through 3,866,666 flow-through units and 22,736,320 units, with attached warrants exercisable at $0.20 for 24 months. A second tranche is expected around July 15, 2026.
Net proceeds will fund exploration on PJX’s Cranbrook, British Columbia properties and working capital. Flow-through proceeds will be spent on qualifying Canadian exploration expenses and renounced to subscribers effective December 31, 2026. All meeting resolutions passed on June 24, 2026, and Jim McDonald joined the board.
PJX Resources (OTCQB:PJXRF) announced a non-brokered private placement of up to 44 million units for gross proceeds of up to $6.3 million. Units include various flow-through and charity flow-through structures with attached warrants.
Proceeds will fund exploration and drilling of critical metal Sedex and RIRGS gold targets in the Sullivan Mining District, British Columbia, through 2026.
PJX Resources (OTC: PJXRF) announced adoption of semi-annual reporting (SAR) under Coordinated Blanket Order 51-933, electing not to file interim financial statements and MD&A for first and third quarters while continuing audited annual and six-month filings.
The company says it meets CBO 51-933 eligibility: venture issuer status, exchange-listed shares, annual revenues under $10 million, a disclosure record over 12 months, and current periodic filings. Fiscal year ends December 31; six-month statements due within 60 days and annual within 120 days.
PJX Resources (OTC:PJXRF) reports reinterpretation of airborne geophysics at the Gar target, Zinger Property, supporting the potential for Reduced Intrusion Related Gold Systems (RIRGS).
Highlights include two magnetic lows (ML-A, ML-B), ML-B ~1100m long, a deep resistive anomaly ~1.5–2 km beneath both lows, 100% consolidation of 750 km2 mineral rights in the Sullivan Mining District, and a 2,540,000 stock option grant at $0.20 expiring March 16, 2031.
PJX Resources (OTC:PJXRF) reports visible gold and sheeted quartz veins at the Gar target on the Zinger Property, with grab samples up to 28.84 g/t Au. Geological mapping shows a roughly 1,600 × 1,000 m elliptical Cretaceous intrusion and a 1,600 m soil-gold anomaly. The target is undrilled and largely concealed beneath overburden; PJX holds 100% of 750 km² in the Sullivan Mining District and may seek partners to test targets.
PJX Resources (OTC: PJXRF) announced a third large Sedex-style target on its Dewdney Trail property in southeastern British Columbia, located ~25 km east of the historic Sullivan mine. PJX highlights a newly found historical adit with massive sulphide boulders and outcrops anomalous in zinc, lead, barium and manganese.
The company holds a 750 km² land package covering multiple target areas (Estella Basin, Lewis Ridge, Grundy Creek) and plans continued drilling and target development in 2026.
PJX Resources (OTC: PJXRF) announced on December 11, 2025 that drilling on the 200 km² Dewdney Trail Property intersected a 63.7 m Quake zone with pervasive zinc, lead and silver mineralization (true thickness ~30 m).
Highlights include Sullivan-style tourmalinite and stacked Sedex bands, discovery of massive-sulphide boulders 800 m south (one assayed 546 g/t Ag, 32.3% Pb, 4.89% Zn), a large multi-element soil anomaly 2 km north, and 100% mineral rights with road, power and rail access ~25 km east of the Sullivan deposit.
Management plans further drilling on newly prospected strike extensions when snow melts, possibly May–June 2026.
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.