OTC Markets Group Welcomes ATEX Resources Inc. to OTCQX
OTCQX Upgrade Validates Compliance But Valuation Drivers Remain Drilling Dependent

ATEX Resources Inc. has successfully upgraded its U.S. trading status from the OTCQB Venture Market to the OTCQX Best Market, effective May 12, 2026. The company will continue trading under the symbol "ATXRF". This upgrade is intended to enhance visibility and provide easier access for North American investors. Interim President and CEO Chris Beer stated this marks an important milestone in enhancing U.S. visibility while advancing the Valeriano Copper-Gold Project. The news references the September 23, 2025 Mineral Resource Estimate (475 Mt Indicated @ 0.88% CuEq). This follows a TSX uplisting announced on April 21, 2026, and resolves the operational suspension caused by a contractor fatality in mid-April 2026.
The OTCQX upgrade is classified as Routine - Positive because it represents an administrative milestone rather than a fundamental change to asset value or capital structure. The company has already completed its uplisting to the TSX (April 21), making the OTCQX move a logical follow-on step for U.S. liquidity access. No new financing, resource expansion, or operational breakthroughs are announced in this release. While improved visibility is beneficial, the market likely priced in this progression following the TSX announcement and the strong cash position established in February 2026 ($140M). The news does not alter the primary valuation drivers: Phase VI drilling results and the path to feasibility study.
ATEX Resources Inc. is focused on defining a world-class copper-gold deposit in Chile through its Valeriano Copper-Gold Project located in the Atacama Region. The project hosts an Indicated Resource of 475 Mt at 0.88% CuEq (including gold, silver, and molybdenum) and an Inferred Resource of 1,511 Mt at 0.75% CuEq as of September 23, 2025. The company is currently in Phase VI drilling, targeting the high-grade B2B Zone and porphyry extensions. Management includes Interim CEO Chris Beer and President Ben Pullinger (P.Geo.).