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 Inc. announced that as of November 4, 2021, its common shares began trading on the OTCQB Venture Market in the U.S. under the symbol PJXRF. This move aims to enhance visibility and trading volume in the U.S. market. The OTCQB is known for listing early-stage companies and requires companies to maintain current reporting and undergo annual verification. PJX continues to trade on the TSX Venture Exchange as PJX and focuses on exploring gold, silver, copper, lead, and zinc properties in British Columbia.
PJX Resources Inc. has completed an investment agreement with Osisko Gold Royalties Ltd, involving the purchase of 6.25 million common shares at C$0.16 each for a total of C$1 million. Additionally, Osisko acquires a 0.5% net smelter return royalty on various property interests, also for C$1 million. The proceeds will fund exploration in the Vulcan Gold Belt, where PJX identified 16 priority gold targets. This underexplored area has historical placer gold production of 1.5 million ounces since 1864.
PJX Resources Inc. has entered into an investment agreement with Osisko Gold Royalties Ltd to purchase 6,250,000 common shares at C$0.16 each, totaling C$1,000,000. The deal includes acquiring a 0.5% net smelter return royalty on its properties for another C$1,000,000.
The funds will support exploration across PJX's Gold Shear, Eddy, Zinger, and Dewdney Trail properties in the Vulcan Gold Belt, which holds significant potential for gold discovery. The transaction is pending approval from the TSX Venture Exchange.