PTX Metals
Primary ticker: CSE:PTX, OTCQB:PANXF
Stage of development: Exploration
Primary minerals: 1) Copper-Nickel-PGE 2) Gold
Project to promote: W2 Cu-Ni-PGE in the Ring of Fire and Shining Tree Gold in the Abitibi
Project location: James Bay region of Northern Ontario (50 kms from Eagle’s Nest a.k.a. “Ring of Fire”), and Timmins, Ontario — both in Canada
Website: ptxmetals.com
Corporate presentation: Click here
Factsheet: Click here
PTX Metals is a minerals exploration Company with two flagship projects situated in northern Ontario, renowned as a world-class mining jurisdiction for its abundance of mineral resources and investment opportunities. The corporate objective is to advance the exploration programs towards proving the potential of each asset, which includes the W2 Copper Nickel PGE Project and South Timmins Gold Projects.
The portfolio of assets offers investors exposure to some of the world’s most valuable metals including gold as well as essential metals critical for the clean energy transition such as copper, nickel, uranium and rare metals. The projects were acquired for their geologically favorable attributes, and proximity to established mining producers. PTX work programs are designed by a team of expert geologists with extensive career knowledge gained from their tenure working for global mining companies in northern Ontario.
Cash: CAD 2.5M
Debt: None
Major shareholders:
Swiss Family Offices – 15%
Fancamp – 8%
Canaccord – 10%
Mining Companies Alamos and Treasury – 10%
Olivier Crottaz – 5%
Management ownership – 15%
Financials
Management Profile
Greg Ferron, CEO/President
20 years capital market, corporate development and management including CEO of Treasury Metals, VP Laramide, TMX and Scotiabank.
What is your rationale for taking part in 121 Mining Investment?
Market Support and Capital Raise
What recent news would you like to highlight to investors attending?
W2 resource estimate January 2024, drilling at W2 February 2024, Heenan Gold discovery September 2023
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Drill results at W2; Further Expansion Drilling at W2; Maiden NI 43-101 Resource Estimate at W2; South Timmins Gold drill program to confirm and expand known gold deposit.
6 Months:
Complete spin off of Green Canada Co. with a portfolio of uranium exploration projects in known uranium jurisdictions; Listing on the TSX-V
12 Months:
Spin off South Timmins Gold; and further delineation of W2 potential
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Market conditions make raising funds for exploration projects a challenge. However, we have a solid group of long-term investors, who support the vision and Management’s focused drive and attention to shareholders. As well, the Ontario Government supports exploration investment providing attractive investment vehicles, namely Flow-Through Financings. Shareholders and investors can feel safe from geo-political risks and uncertainties as the projects are operating in mining-friendly jurisdiction and are high quality assets. The corporate vision is to create value through drill programs and eventually an exit through spin offs.
What do you think makes your company such a compelling investment?
Both flagship projects are stand-alone Company makers. The scale of the W2 Copper Nickel PGE project is attractive to major mining companies who have staked project areas nearby. Also the Shining Tree Gold project in the Abitibi benefits from history as an operating mine which closed before it had been mined-out, and is located adjacent to newly operating gold processing facility. Both projects are attractive take out targets.
What are the top 3 key investor takeaways?
High-quality projects in Ontario with world class geology Oxford Stull and Abitibi and adjacent to global mining producers.