PPX Mining increases financing to $2.53-million

Executive Summary

• PPX Mining Corp. is increasing its non‑brokered private placement from up to 13 million units to up to 22 million units, targeting gross proceeds of up to C$2.53 million.
• Units are priced at C$0.115 each and include one common share plus one common share purchase warrant (exercise price C$0.14, 24‑month term).
• Proceeds will fund continued exploration at the Mina Callanquitas project and general working capital; closing expected around Sept 30, 2025, subject to regulatory approvals.

Key Details

• Original offering: Up to 13 million units announced Aug 22, 2025.
• Revised size: Up to 22 million units (increase of 9 million units).
• Pricing: C$0.115 per unit.
• Gross proceeds target: Up to C$2.53 million.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Warrant terms: Right to acquire one additional common share at C$0.14 per share, exercisable for 24 months from closing date.
• Use of proceeds:
• Finance continued exploration at Mina Callanquitas (northern Peru).
• General working capital purposes.
• Closing timeline: Expected on or about Sept 30, 2025, pending formal documentation and regulatory approvals (including TSX Venture Exchange).
• Holding period: Any shares issued (including those from warrant exercises) within four months of closing are subject to a four‑month hold period under Canadian securities law.
• Flexibility clause: Company may further increase or decrease the offering size, subject to TSX Venture Exchange approval.
• Finders’ fees: May be payable to qualified arm’s‑length parties in connection with the revised offering.

Notable Quotes

(No executive quotes provided in the release.)