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A Multi-Metal Powerhouse – PTX Metals

Disseminated on behalf of
PTX Metals Inc

MULTI-METAL POWERHOUSE POISED FOR BREAKOUT

PTX METALS INC. – TSXV: PTX | OTC: PANXF

This communication is not an offer to buy or sell securities nor is it to be construed as personal investment advice. Nothing contained in this communication should be relied upon as a promise or representation as to future performance.

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In a world grappling with resource scarcity and surging demand for critical minerals, PTX Metals Inc. (TSXV: PTX | OTC: PANXF | FSE: 9PX) stands out as a dynamic Canadian junior mining company uniquely positioned to capitalize on the global transition to electrification, clean energy, and artificial intelligence. With a diversified portfolio spanning copper, nickel, platinum group elements (PGE), gold, and uranium in Canada’s premier mining jurisdictions — Northern Ontario’s Ring of Fire and the Abitibi Greenstone Belt — PTX is not just another speculative play. It is a strategically assembled, undervalued opportunity with significant upside potential.

Since January 2024, PTX Metals has advanced its flagship W2 Copper-Nickel-PGE Project, expanded gold exploration in the South Timmins Joint Venture, and strengthened its uranium portfolio through its subsidiary, Green Canada Corporation (GCC). These developments, combined with favorable market conditions and increasing liquidity in the junior mining sector, set the stage for a potential breakout as global demand for both critical and precious metals accelerates.

W2 Copper-Nicker-PGE Project: Expanding a World-Class Asset

The 100%-owned W2 Copper-Nickel-PGE and Gold Project, located 50 km southwest of the Ring of Fire in Northwestern Ontario, remains the cornerstone of PTX Metals Inc. (TSXV: PTX | OTC: PANXF | FSE: 9PX) portfolio. Spanning 22,000 hectares, W2 is strategically positioned near Wyloo Metals’ Eagle’s Nest deposit and shares similar geological characteristics.

Significant Drilling Success

PTX’s 2025 Phase 1 drilling program delivered exceptional results, with drill hole W225-09 intersecting wide, near-surface mineralized zones — including 235 meters of mineralization, the widest interval to date at W2 (May 27, 2025). Additional results reported on June 3 and June 17, 2025, confirmed consistent copper, nickel, PGE, and gold mineralization, expanding the trend beyond the known deposit. These results validate W2’s scale and continuity, with an estimated 59–135 million tonnes at 0.78–1.03% CuEq based on exploration target modeling (September 4, 2024).

Metallurgy and Mineralogy Advances

A mineralogy and liberation analysis (MLA) conducted by Carleton University confirmed copper is hosted primarily in chalcopyrite and nickel in pentlandite — both highly recoverable minerals. Liberation rates exceeded 92% for both, supporting robust economic potential. PTX launched a Q3 2025 work program including metallurgical testing by SGS Canada, a 3D inversion geophysics study, and age-dating studies to refine the deposit model (August 11, 2025).

Exploration Progress

A property-wide airborne magnetic survey (January 22, 2025) and an additional exploration permit (December 4, 2024) have enabled expanded drilling and geophysical work. A Phase 2 program began in April 2025 to enhance the 3D geological model and generate new targets across W2’s largely unexplored 90% land package.

Strategic Support

On April 17, 2025, Ontario Premier Doug Ford announced legislation to designate the Ring of Fire as a special economic zone, streamlining approvals and integrating First Nations as development partners. Given W2’s proximity to the proposed Webequie Supply Road and existing infrastructure (April 21, 2025), this political support further elevates the project’s strategic importance.

With copper demand projected to rise 72% by 2050, and nickel and PGEs central to battery and clean-tech supply chains, W2’s near-surface, high-grade mineralization positions PTX to help fill the looming global supply gap.

South Timmins Gold Joint Venture: Unlocking Value in the Abitibi

PTX Metals Inc. (TSXV: PTX | OTC: PANXF | FSE: 9PX) 75%-owned South Timmins Mining Joint Venture (JV) with Fancamp Exploration covers 28,000 hectares in the prolific Abitibi Greenstone Belt — adjacent to IAMGOLD’s Côté Gold Mine — and includes the Shining Tree, Heenan, and Mallard projects.

Heenan-Mallard Gold Project

A maiden 2024 drill program intersected widespread gold mineralization, including 77.44 meters at 0.40 g/t Au and 27.15 meters at 0.55 g/t Au (February 21, 2024). Follow-up drilling in April 2025 confirmed the expansion of this newly discovered system. A 750-meter winter drilling program commenced in December 2024 to further delineate these gold zones.

Shining Tree Gold Project

High-grade surface results at the Ronda claims included 9.04 g/t Au over 16.15 meters (February 7, 2024). Located near multi-million-ounce deposits in the Timmins Gold Camp, Shining Tree is well-positioned for continued exploration, with spring 2024 programs designed to define new targets.

Strategic Positioning & Gold’s Role

The Abitibi is one of the world’s most M&A-active gold districts. With gold prices above $2,500/oz in August 2025, PTX’s projects carry strong takeover potential. Gold’s role as a safe-haven asset and hedge against inflation is reinforced by rising central bank demand (up 4% year-over-year in 2024) and heightened geopolitical tensions.

Uranium Portfolio: Strategic Bet on the Clean Energy Transition

Through its 54% ownership in Green Canada Corporation, PTX Metals Inc. (TSXV: PTX | OTC: PANXF | FSE: 9PX) has exposure to uranium — a critical mineral in the push for low-carbon energy.

    • Thelon Basin Acquisition – 324 km² of uranium claims in Nunavut’s Thelon Basin and Baker Lake/Amer Lake districts, with historic drilling of 25.9 meters at 0.125% U₃O₈. The geology closely parallels the high-grade Athabasca Basin.

    • Portfolio Optimization – GCC is focusing on high-priority Nunavut and Quebec projects (Matoush-Otish Mountain and Mistassini) while letting lower-priority claims lapse.

    • Strategic Financing – $500,000 raised for exploration, plus $150,000 Quebec flow-through for Matoush. IPO plans remain under consideration to unlock value for PTX shareholders.

Uranium prices have surged over 50% since early 2024, reaching $80/lb in August 2025, supported by reactor buildouts and constrained supply.

Corporate Strength & Financial Position

PTX Metals Inc. (TSXV: PTX | OTC: PANXF | FSE: 9PX) operational and financial moves since January 2024 have strengthened its execution capacity:

    • Financing Success – $3.42M raised via oversubscribed placements, including $168,814 in flow-through shares and $229,250 in units (December 30, 2024).
    • TSX Venture Listing & DTC Eligibility – Listed March 11, 2025; enhanced liquidity and market access.
    • Share Consolidation – 3:1 ratio completed September 3, 2024, reducing issued shares to 118.8M (fully diluted: 145.5M).
    • Leadership – Appointment of Frederico Marques (board) and Dave Bell (technical advisor) bolsters capability.
    • Government Grants – Non-dilutive funding from Ontario Junior Exploration Program lowers capital risk.

At ~$13M market cap, PTX Metals Inc. (TSXV: PTX | OTC: PANXF | FSE: 9PX) is trading well below peers with comparable asset portfolios valued at $50–100M.

Market Context: Perfect Storm for Precious & Critical Metals

The convergence of electrification, renewable buildouts, AI infrastructure demand, and geopolitical instability has created bullish multi-year conditions for both precious and critical metals.

    • Gold – Store of value amid inflation and currency risk; prices stable above $2,500/oz.
    • Copper, Nickel, PGEs – Critical to EVs, energy grids, and battery tech; supply deficits forecast within 12–24 months.
    • Uranium – Demand set to grow 40% by 2050 (IAEA) as nuclear regains prominence in global energy policy.

Liquidity Flowing back to Juniors: Skewed Risk-Reward

Capital is rotating from large-cap miners into high-quality juniors.

    • Undervaluation – PTX trades at a steep discount to NAV compared to peers.
    • Liquidity Surge – Commodity price strength and project milestones are driving increased trading volumes.
    • M&A Potential – Proximity to IAMGOLD’s Côté Gold Mine and Wyloo’s Eagle’s Nest positions PTX as an acquisition candidate.

Conclusion: PTX is in the Strike Zone

PTX Metals Inc. (TSXV: PTX | OTC: PANXF | FSE: 9PX) isn’t a “maybe someday” story — it’s a live, evolving breakout setup. In just 18 months, management has stacked the deck with three high-upside plays across copper-nickel-PGE, gold, and uranium — each in a jurisdiction where majors are already writing big checks. The W2 Project has moved from potential to proof with thick, high-grade intercepts and metallurgy that screams recoverability. South Timmins gold assets are riding record gold prices in one of the most M&A-active belts on the planet. The uranium portfolio offers leveraged exposure to one of the tightest supply-demand setups in the entire commodities complex.

The market hasn’t priced in this trifecta. At a ~$15M market cap, PTX trades at a fraction of peer valuations — before factoring in the macro tailwinds of a copper supply crunch, a gold bull market, and uranium’s nuclear resurgence. The capital structure is tight, the treasury is funded, and the next 6–12 months will be catalyst-heavy with drilling, assays, and potential JV or acquisition interest.

Low downside, asymmetric upside, and a short runway before the crowd catches on. This is the kind of setup where early positioning can deliver generational returns — or leave latecomers watching from the sidelines. PTX Metals Inc. (TSXV: PTX | OTC: PANXF | FSE: 9PX) has moved from “on the radar” to “in the strike zone.” The next move is yours.

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