ATEX Provides Notice of Warrant Acceleration

Executive Summary

• ATEX Resources Inc. accelerated the expiry date of its November 1 2024 common share purchase warrants, giving holders until February 20 2026 to exercise.
• The acceleration was triggered because the VWAP of ATEX’s shares exceeded C$3.00 for at least 20 consecutive trading days.
• If all 21,057,477 warrants are exercised, ATEX would receive approximately C$52.6 million in gross proceeds.

Key Details

• Warrant Terms: 21,057,477 warrants issued on Nov 1 2024; exercise price C$2.50 per share; original expiry Nov 1 2029.
• Accelerated Expiry Trigger: VWAP ≥ C$3.00 for a minimum of 20 consecutive trading days on the TSX Venture Exchange.
• New Exercise Deadline: Holders must exercise by February 20 2026 after receipt of the acceleration notice; unexercised warrants will be cancelled without consideration.
• Potential Gross Proceeds: Full exercise would generate ~C$52.6 million (21,057,477 shares × C$2.50).
• Use of Proceeds (forward‑looking): Company indicates proceeds may fund exploration and development of the Valeriano Copper‑Gold Project and related corporate activities.
• Project Context: Valeriano hosts an Indicated Resource of 475 Mt at 0.88% CuEq and an Inferred Resource of 1,511 Mt at 0.75% CuEq (as of Sep 23 2025).

Notable Quotes

(No direct quotes were included in the release.)