FNX Announces Completion of Name Change and Amendments to Share Structure

Rhea-AI Summary

FNX announced that effective December 5, 2025 the company changed its name from S2 Minerals to FNX and amended its articles to re-designate all previously outstanding common shares as subordinate voting shares and to create a new class of multiple voting shares.

The subordinate voting shares have begun trading on the Canadian Securities Exchange under the symbol FNX. The new CUSIP is 343921102 and the new ISIN is CA3439211028. No action is required by existing securityholders with respect to the name change or the articles amendments.

Positive

• Name change effective December 5, 2025
• All common shares re-designated as subordinate voting shares
• Subordinate voting shares trading under symbol FNX
• New CUSIP 343921102 and ISIN CA3439211028
• No action required by existing securityholders

Negative

• None.

Key Figures

Price change 24h: -6.72% 52-week high: 0.46 52-week low: 0.1 +5 more

8 metrics

Price change 24h -6.72% Pre-news daily move for SMNRF

52-week high 0.46 Pre-news 52-week high price

52-week low 0.1 Pre-news 52-week low price

200-day MA 0.24 Pre-news 200-day moving average

CUSIP 343921102 New CUSIP for subordinate voting shares

ISIN CA3439211028 New ISIN for subordinate voting shares

20-day avg volume 761 shares Average daily trading volume before this news

Float 5,634,062 shares Shares in public float from risk context

Market Reality Check

Vol: Volume 0 vs 20-day averag...

normal vol

Volume Volume 0 vs 20-day average of 761 shares before this news. normal

Technical Price was trading below the 200-day moving average of 0.24 before this news.

Peers on Argus

Among gold peers, one name (TOGOF) showed a strong move of 76.88% on its own agr...

Among gold peers, one name (TOGOF) showed a strong move of 76.88% on its own agreement-related news, while others were flat to negative. This suggests stock-specific drivers rather than a broad sector move.

Market Pulse Summary

This announcement detailed a name change from S2 Minerals Inc. to FNX Inc., the creation of subordin...

Analysis

This announcement detailed a name change from S2 Minerals Inc. to FNX Inc., the creation of subordinate and multiple voting share classes, and new identifiers (CUSIP 343921102, ISIN CA3439211028). All existing common shares became subordinate voting shares, and no action was required from current securityholders. With the stock previously trading below its 0.24 200-day moving average and on low average volume of 761 shares, investors may focus on how governance and voting rights evolve from this structure.

Key Terms

subordinate voting shares, multiple voting shares, cusip, isin

4 terms

subordinate voting shares financial

"re-designate such class as "subordinate voting shares" and (b) create a new"

Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.

multiple voting shares financial

"create a new class of shares designated as "multiple voting shares""

Shares that carry more votes per share than regular shares, giving their holders greater control over corporate decisions such as board elections and major strategic moves. For investors this matters because a small group holding multiple voting shares can steer the company’s direction irrespective of economic ownership, similar to a few people holding the keys to a car even if many others own parts of it, which affects governance risk and influence on value.

cusip financial

"The new CUSIP and ISIN of the subordinate voting shares are 343921102"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

isin financial

"The new CUSIP and ISIN of the subordinate voting shares are 343921102"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - December 5, 2025) - FNX Inc. (CSE: FNX) ("FNX" or the "Company") announces that, further to its press release dated November 27, 2025, effective as of today, it has changed the name of the Company from "S2 Minerals Inc." to "FNX Inc." (the "Name Change") and amended the articles of the Company to (a) amend the rights and restrictions of the previously existing class of common shares and re-designate such class as "subordinate voting shares" and (b) create a new class of shares designated as "multiple voting shares" (the "Articles Amendments"). As a result of the Articles Amendments, all previously outstanding common shares of the Company have been re-designated as subordinate voting shares.

The subordinate voting shares have begun trading on the Canadian Securities Exchange under the symbol "FNX". The new CUSIP and ISIN of the subordinate voting shares are 343921102 and CA3439211028, respectively. No action is required to be taken by existing securityholders of the Company with respect to the Name Change or Articles Amendments.

About FNX Inc.

FNX Inc. is a Canadian mineral exploration company focused on exploring mineral properties in Northwest Ontario, including the Sandy Lake project.

The Sandy Lake project comprises approximately 167,000 acres of contiguous mineral claims in the Sandy Lake Archean Greenstone Belt, located approximately 140 miles north of Red Lake, Ontario. FNX beneficially holds a 100% interest in the mineral rights to approximately 137,000 acres, and holds a 50.1% interest in the approximately 15,000 acres of the "Weebigee Joint Venture" claims and a 50% interest in a further 15,000 acres of the Southern Block claims in joint ventures with Goldeye Explorations Limited, now part of NexGold Mining Corp.

The Sandy Lake project is held within the traditional territories of Sandy Lake First Nation and Keewaywin First Nation. FNX also holds additional mineral claims which are located within Eabametoong First Nation traditional lands.

It is expected that over time, FNX may add new Canadian-focused exploration stage projects to its portfolio.

For further information please contact:

Dan Noone
CEO
+1.416.628.5904
Email: info@fnx.com

Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks relating to general business, economic, competitive, policy and social uncertainties, and risks relating to the failure to receive all requisite regulatory approvals.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276926

FAQ

What change did FNX announce on December 5, 2025?

FNX changed its name from S2 Minerals and amended articles to re-designate common shares and create multiple voting shares effective December 5, 2025.

Under what symbol are FNX subordinate voting shares trading on the Canadian Securities Exchange?

The subordinate voting shares began trading on the Canadian Securities Exchange under the symbol FNX.

What are the new CUSIP and ISIN for FNX subordinate voting shares?

The new CUSIP is 343921102 and the new ISIN is CA3439211028.

Do existing FNX securityholders need to take any action after the name change and articles amendments?

No action is required by existing securityholders with respect to the name change or the articles amendments.

What happened to previously outstanding FNX common shares after the articles amendments?

All previously outstanding common shares were re-designated as subordinate voting shares.

Did FNX create any new share classes in the December 5, 2025 amendments?

Yes, the company created a new class designated as multiple voting shares under the amended articles.