AG˹ٷ

STOCK TITAN

PJX Resources Announces Non-Brokered Private Placement Of $1.6 Million

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
private placement

PJX Resources (PJXRF) has announced a non-brokered private placement to raise $1.65 million through the issuance of 12,430,905 units. The offering includes both flow-through units at $0.14 and regular units at $0.12, with each unit containing one common share and one warrant exercisable at $0.20 for 24 months.

The company will use the proceeds for exploration at its Cranbrook, British Columbia properties, where recent drilling has identified three Sedimentary Exhalative (Sedex) horizons. PJX's exploration program has discovered Sullivan-style mineralization on its 100% owned 200 km² Dewdney Trail Property, with potential for zinc, lead, copper, silver, gold, and critical metals. The property shows promising magnetic anomalies extending over 1.6 km, with surface discoveries of mineralized boulders suggesting similarities to the historic Sullivan mine, which produced over 120 million tonnes of silver-lead-zinc ore.

[ "Fully allocated private placement raising $1.65 million for exploration funding", "Discovery of Sullivan-style mineralization with high-grade potential", "Strategic 100% ownership of 680 km² of mineral claims in the Sullivan Mining District", "Property location with existing infrastructure (rail, power, roads)", "Strong geological indicators with 1.6 km magnetic anomaly identified" ]

PJX Resources (PJXRF) ha annunciato un collocamento privato senza intermediari per raccogliere 1,65 milioni di dollari tramite l'emissione di 12.430.905 unità. L'offerta comprende unità flow-through a 0,14$ e unità ordinarie a 0,12$, ciascuna contenente un'azione ordinaria e un warrant esercitabile a 0,20$ per 24 mesi.

I proventi saranno utilizzati per l'esplorazione delle proprietà di Cranbrook, British Columbia, dove perforazioni recenti hanno identificato tre orizzonti Sedimentary Exhalative (Sedex). Il programma di esplorazione di PJX ha scoperto mineralizzazioni in stile Sullivan nella sua proprietà Dewdney Trail di 200 km² interamente posseduta, con potenziale per zinco, piombo, rame, argento, oro e metalli critici. La proprietà presenta promettenti anomalie magnetiche estese per oltre 1,6 km, con scoperte superficiali di massi mineralizzati che suggeriscono analogie con la storica miniera Sullivan, che ha prodotto oltre 120 milioni di tonnellate di minerale di argento-piombo-zinco.

  • Collocamento privato completamente allocato per finanziare l'esplorazione con 1,65 milioni di dollari
  • Scoperta di mineralizzazione in stile Sullivan con potenziale ad alto grado
  • Proprietà strategica con il 100% di possesso di 680 km² di concessioni minerarie nel distretto minerario di Sullivan
  • Posizione della proprietà con infrastrutture esistenti (ferrovia, energia, strade)
  • Forti indicatori geologici con un'anomalia magnetica di 1,6 km identificata

PJX Resources (PJXRF) ha anunciado una colocación privada sin intermediarios para recaudar 1,65 millones de dólares mediante la emisión de 12.430.905 unidades. La oferta incluye unidades flow-through a 0,14$ y unidades regulares a 0,12$, cada unidad contiene una acción común y un warrant ejercitable a 0,20$ durante 24 meses.

La empresa utilizará los fondos para exploración en sus propiedades de Cranbrook, Columbia Británica, donde recientes perforaciones han identificado tres horizontes Sedimentary Exhalative (Sedex). El programa de exploración de PJX ha descubierto mineralización estilo Sullivan en su propiedad Dewdney Trail de 200 km² con propiedad al 100%, con potencial para zinc, plomo, cobre, plata, oro y metales críticos. La propiedad muestra prometedoras anomalías magnéticas que se extienden por más de 1,6 km, con hallazgos superficiales de bloques mineralizados que sugieren similitudes con la histórica mina Sullivan, que produjo más de 120 millones de toneladas de mineral de plata-plomo-zinc.

  • Colocación privada completamente asignada para financiar la exploración con 1,65 millones de dólares
  • Descubrimiento de mineralización estilo Sullivan con potencial de alta ley
  • Propiedad estratégica con 100% de propiedad de 680 km² de concesiones mineras en el distrito minero Sullivan
  • Ubicación de la propiedad con infraestructura existente (ferrocarril, energía, carreteras)
  • Fuertes indicadores geológicos con una anomalía magnética de 1,6 km identificada

PJX Resources (PJXRF)� 중개� 없이 사모� 통해 165� 달러� 조달하기 위해 12,430,905 단위� 발행한다� 발표했습니다. 이번 제안에는 단위� 0.14달러� 플로우스� 단위와 0.12달러� 일반 단위가 포함되며, � 단위에는 보통� 1주와 24개월 동안 행사 가능한 0.20달러 행사가격의 워런� 1장이 포함됩니�.

회사� 자금� 브리티시컬럼비아 크랜브룩 지� 탐사� 사용� 예정이며, 최근 시추에서 3개의 Sedimentary Exhalative (Sedex) 지층이 확인되었습니�. PJX� 탐사 프로그램은 100% 소유� 200 km² 규모� Dewdney Trail 광산 부지에서 Sullivan 스타일의 광화 작용� 발견했으�, 아연, �, 구리, 은, � � 주요 금속 가능성� 보유하고 있습니다. � 부지� 1.6km 이상 확장� 유망� 자기 이상� 보이�, 지표에� 발견� 광화� 바위들은 역사적인 Sullivan 광산� 유사성을 시사합니�. Sullivan 광산은 1� 2천만 � 이상� 은-�-아연 광석� 생산했습니다.

  • 탐사 자금 마련� 위한 165� 달러 완전 배정 사모 발행
  • 고품� 가능성� 가� Sullivan 스타� 광화 발견
  • Sullivan 광산 지� � 680 km² 광산� 100% 전략� 소유
  • 철도, 전력, 도로 � 기존 인프라가 갖춰� 부지 위치
  • 1.6km 자기 이상 확인 � 강력� 지질학� 지�

PJX Resources (PJXRF) a annoncé un placement privé sans courtier visant à lever 1,65 million de dollars par l'émission de 12 430 905 unités. L'offre comprend des unités flow-through à 0,14 $ et des unités ordinaires à 0,12 $, chaque unité comprenant une action ordinaire et un bon de souscription exerçable à 0,20 $ pendant 24 mois.

La société utilisera les fonds pour l'exploration de ses propriétés de Cranbrook, Colombie-Britannique, où des forages récents ont identifié trois horizons Sedimentary Exhalative (Sedex). Le programme d'exploration de PJX a découvert une minéralisation de type Sullivan sur sa propriété Dewdney Trail de 200 km² détenue à 100 %, avec un potentiel pour le zinc, le plomb, le cuivre, l'argent, l'or et les métaux critiques. La propriété présente des anomalies magnétiques prometteuses s'étendant sur plus de 1,6 km, avec des découvertes superficielles de blocs minéralisés suggérant des similitudes avec la mine historique Sullivan, qui a produit plus de 120 millions de tonnes de minerai argent-plomb-zinc.

  • Placement privé entièrement souscrit de 1,65 million de dollars pour financer l'exploration
  • Découverte d'une minéralisation de type Sullivan avec un potentiel de haute teneur
  • Propriété stratégique à 100 % de 680 km² de concessions minières dans le district minier de Sullivan
  • Emplacement de la propriété avec infrastructures existantes (rail, électricité, routes)
  • Forts indicateurs géologiques avec une anomalie magnétique de 1,6 km identifiée

PJX Resources (PJXRF) hat eine nicht vermittelte Privatplatzierung angekündigt, um 1,65 Millionen US-Dollar durch die Ausgabe von 12.430.905 Einheiten zu beschaffen. Das Angebot umfasst sowohl Flow-Through-Einheiten zu 0,14 $ als auch reguläre Einheiten zu 0,12 $, wobei jede Einheit eine Stammaktie und einen Warrant enthält, der für 24 Monate zu 0,20 $ ausgeübt werden kann.

Das Unternehmen wird die Erlöse für die Exploration auf seinen Cranbrook, British Columbia Grundstücken verwenden, wo kürzliche Bohrungen drei Sedimentary Exhalative (Sedex) Horizonte identifiziert haben. Das Explorationsprogramm von PJX hat Sullivan-ähnliche Mineralisierung auf seinem zu 100 % gehörenden 200 km² großen Dewdney Trail Grundstück entdeckt, mit Potenzial für Zink, Blei, Kupfer, Silber, Gold und kritische Metalle. Das Grundstück weist vielversprechende magnetische Anomalien über eine Länge von mehr als 1,6 km auf, wobei mineralisierte Findlinge an der Oberfläche Ähnlichkeiten mit der historischen Sullivan-Mine aufweisen, die über 120 Millionen Tonnen Silber-Blei-Zink-Erz förderte.

  • Vollständig zugewiesene Privatplatzierung zur Finanzierung der Exploration in Höhe von 1,65 Millionen US-Dollar
  • Entdeckung von Sullivan-ähnlicher Mineralisierung mit hohem Gehaltspotenzial
  • Strategischer 100%iger Besitz von 680 km² Mineralclaims im Sullivan Mining District
  • Lage der Liegenschaft mit vorhandener Infrastruktur (Schiene, Strom, Straßen)
  • Starke geologische Indikatoren mit einer 1,6 km langen magnetischen Anomalie
Positive
  • None.
Negative
  • Potential dilution from the issuance of new shares and warrants
  • Insider participation in private placement creating related party transactions
  • Extended timeline for flow-through expenditure requirements until December 2026

TORONTO, ON / / July 9, 2025 / PJX Resources Inc. ("PJX" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of 12,430,905 units of the Company for gross proceeds of $1,652,460. The Company will issue units on a "flow through" basis (each a "Flow Through Unit") and a non-flow through basis (each a "Unit"). The subscription prices for each of the foregoing are $0.14 per Flow Through Unit and $0.12 per Unit. The offering has been fully allocated and is expected to close on or about July 15, 2025.

Each Flow Through Unit consists of one common share to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one common share purchase warrant. Each Unit consists of one common share and one common share purchase warrant. Each warrant acquired, whether with a Flow Through Unit or a Unit, will entitle the holder to purchase one common share at an exercise price of $0.20 for 24 months following completion of the Private Placement

Certain directors of PJX, may participate in the private placement. As insiders, the subscriptions of these parties will be considered to be a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). PJX intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.

Finders fees comprised of cash and non-transferable Warrants may be paid in respect of the Private Placement. The Warrants will entitle the holder to purchase one common share at an exercise price of $0.20 for 24 months following completion of the Private Placement.

All securities issuable in connection with the Private Placement will be subject to a statutory hold period in Canada which will run for four months from the date of the closing of the Private Placement. The Private Placement is subject to compliance with applicable securities laws and to receipt of the final approval and acceptance of the TSX Venture Exchange.

PJX intends to use the net proceeds of the Private Placement for expenditures on its properties located in Cranbrook, British Columbia, and for general working capital purposes. The Company will expend an amount equal to the gross proceeds received by the Company from the sale of the Flow Through Units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects in British Columbia, on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favour of the subscribers of the Flow Through Units effective December 31, 2025.

Exploration Update

PJX Resources Inc. ("PJX" or the "Company") is pleased to announce that drilling will commence to test 3 Sedimentary Exhalative (Sedex) horizons identified by drilling during 2024. (see news release January 17, 2024). Each horizon has the potential to host a Sedex type deposit possibly similar to the Sullivan mine located about 20 km to the west. The potential to discover a zinc, lead, copper, silver, gold, and critical metal deposit is greatly supported by the presence of Sullivan style and grade boulders discovered at surface by prospectors. The boulders and mineralisation occur near the center of PJX's 100% owned, 200 km², Dewdney Trail Property in the Sullivan Mining District near Cranbrook, British Columbia, Canada.

John Keating, President of PJX, commented, "This recent additional financing will allow PJX to explore throughout the Summer and into the Fall. The possibility to discover a Sullivan type deposit with infrastructure (rail, power, roads) adjacent to the property makes the Dewdney Trail exploration potential very attractive. The Sullivan mine operated for over 90 years and produced more than 120 million tonnes of silver-lead-zinc ore before it closed in 2001. The Geological Survey of Canada reports a geological resource for the Sullivan deposit of more than 160 million tonnes averaging 6.5% lead, 5.6% zinc and 67 g/t silver."

PJX's New Discovery Potential

PJX owns 100% of the mineral rights to multiple properties totaling over 680 km² of mineral claims in the Sullivan Mining District. Exploration in late 2023 discovered boulders and outcrop of Sullivan deposit style and grade mineralization on PJX's Dewdney Trail Property that is over 200 km² in size. The zinc, lead, silver, copper, gold, and other critical metal mineralization discovered at surface on the Dewdney Trail Property is magnetic and appears to be associated with a strong to moderate magnetic airborne geophysical anomaly that can be traced for over 1.6 km. Drilling in 2024 confirms a geological environment with sulphide mineralization that supports the potential to discover a Sedex type deposit, like the Sullivan deposit. Strongly mineralised boulders with zinc, lead, copper, silver, gold and other critical metals discovered at the surface indicate that the mineralizing system produced Sullivan style and grade mineralisation. PJX's primary focus will be to drill and discover the source of the boulders. Additional targets will be explored by prospecting and mapping.

The geological disclosure and content of this news release has been reviewed and approved by John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper, nickel). PJX's properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia. Please refer to our web site for additional information.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Linda Brennan, Chief Financial Officer
(416) 799-9205
[email protected]

Cautionary Note Regarding Forward-Looking Information

The information in this news release has been prepared as at the date noted above. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by PJX Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, PJX Resources Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in PJX Resources Inc.'s expectations or any change in events, conditions or circumstances on which any such statement is based.

Cautionary Note to US Investors:

This news release may contain information about adjacent properties on which PJX Resources Inc. has no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward- looking statements including but not limited to the various prices and volume of the strategic investment; the use of proceeds from the Strategic Investment, and the structure of the Strategic Investment, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: PJX Resources Inc.



View the original on ACCESS Newswire

FAQ

What are the terms of PJX Resources' (PJXRF) private placement announced in July 2025?

PJX Resources is raising $1.65 million through flow-through units at $0.14 and regular units at $0.12, each including one warrant exercisable at $0.20 for 24 months.

What is the significance of PJX Resources' Sullivan-style mineralization discovery?

The discovery suggests potential for a significant zinc-lead-copper-silver-gold deposit similar to the historic Sullivan mine, which produced over 120 million tonnes of ore over 90 years.

How large is PJX Resources' Dewdney Trail Property and what are its key features?

The Dewdney Trail Property is 200 km² in size, featuring a 1.6 km magnetic anomaly and Sullivan-style mineralization, with existing infrastructure including rail, power, and roads.

When will PJX Resources begin drilling at the Dewdney Trail Property?

Drilling will commence to test three Sedex horizons identified during 2024 exploration, focusing on discovering the source of mineralized surface boulders.

How will PJX Resources use the proceeds from the July 2025 private placement?

The proceeds will fund exploration at their Cranbrook, BC properties, with flow-through funds specifically allocated to Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures.
Pjx Resources

OTC:PJXRF

PJXRF Rankings

PJXRF Latest News

PJXRF Stock Data

16.67M
149.74M
22.12%
1.15%
Other Industrial Metals & Mining
Basic Materials
Canada
Toronto