Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Financings

PTX Metals Inc. Announces First Closing of Private Placement

By The Northwire Desk — AI Analysis Sep 30, 2025 · 08:31 PTX · 0.10 PTX Metals Inc.
PTX · Price

Executive Summary

  • PTX Metals closed the first tranche of its non‑brokered private placement, raising $3.25 million in total proceeds.
  • The offering comprised 21,527,167 hard‑dollar units, 5,333,333 charity flow‑through units, and 2,222,222 accredited investor flow‑through units at specified per‑unit prices.
  • Proceeds will fund general corporate working capital (hard‑dollar units) and eligible Canadian exploration expenses for Ontario projects (charity flow‑through units).

Key Details

  • Hard‑Dollar Units (HD Units) – 21,527,167 units @ $0.10 per unit → $2,152,716.70 gross proceeds.
  • Charity Flow‑Through Units (CFT Units) – 5,333,333 units @ $0.15 per unit → $800,000 gross proceeds.
  • Accredited Investor Flow‑Through Units (FT Units) – 2,222,222 units @ $0.135 per unit → $300,000 gross proceeds.

  • Total First Tranche Proceeds: $3,252,716.70.

  • Finder Compensation: $121,461.50 paid in finder fees; issuance of 1,160,170 Finder Warrants, each exercisable for one common share at $0.14 (subject to adjustment) for two years, with a statutory hold period of 4 months + 1 day.

  • Unit Structure: Each unit = 1 common share + ½ share purchase warrant.

  • Warrant exercise price: $0.16 per share; exercisable for 36 months from issuance.

  • Exercise restriction expires 61 days after issuance.

  • Use of Proceeds:

  • HD Units – general corporate expenses and working capital.

  • CFT Units – eligible Canadian exploration expenditures (flow‑through critical mineral mining) on Ontario projects, to be incurred by 31 Dec 2026 and renounced to purchasers by 31 Dec 2025 in an amount ≥ gross CFT proceeds.

  • Regulatory Framework: Offering made under the Listed Issuer Financing Exemption (LIFE) of NI 45‑106; FT Units issued under accredited investor exemption with a 4‑month + 1‑day hold period.

  • Documentation: Amended and restated offering document filed on SEDAR+, accessible via PTX’s profile and website.

Notable Quotes

(No direct quotes were included in the release.)

Read the original news release →

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