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PTX Metals Inc (2)
Symbol PTX
Shares Issued 174,140,430
Close 2026-01-08 C$ 0.125
Market Cap C$ 21,767,554
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PTX Metals subsidiary Green Canada arranges financing

2026-01-08 18:20 ET - News Release

Mr. Greg Ferron reports

GREEN CANADA CORPORATION ANNOUNCES PRIVATE PLACEMENT

Green Canada Corp., a 54.33-per-cent-owned subsidiary of PTX Metals Inc., has arranged a non-brokered private placement of up to 3,846,154 common shares of the company at a price of 13 cents per share for aggregate gross proceeds of up to $500,000. Green Canada (not PTX) may pay 7 per cent in cash finders' fees in certain cases.

Assuming the offering is fully subscribed, PTX's shareholding in the company will be reduced from approximately 54.33 per cent to approximately 48.72 per cent on a non-diluted basis.

All securities issued pursuant to the offering will be subject to a hold period of four months and one day after the later of: (a) the closing date of the offering; and (b) the date the company became a reporting issuer in any province or territory.

Green Canada has entered into a binding letter of intent (LOI) dated Nov. 13, 2025, with MAACKK Capital Corp., pursuant to which GCC and MAACKK intend to complete a transaction that would result in a reverse takeover of MAACKK by the shareholders of GCC. Closing of the proposed RTO will be subject to, among other things, requisite regulatory approval for the listing of the resulting issuer of the proposed reverse takeover (RTO) on the Canadian Securities Exchange or such other stock exchange as may be mutually agreed upon by the parties.

PTX's shareholders will directly benefit from the proposed RTO through PTX's shareholding in GCC, unlocking immediate value not previously reflected. The closing of the offering is not conditional upon closing of the proposed RTO. The net proceeds of the offering are expected to be used for general working capital and corporate purposes.

About Green Canada Corp.

GCC has assembled a diverse set of Canadian-based uranium mineral properties focused on unconformity-style uranium deposits in the Athabasca basin of Saskatchewan, the Baker and Amer basins in Nunavut, and the Otish basin in Quebec. The flagship Marshall project to be acquired by GCC from Basin Energy Ltd. in connection with the proposed RTO and the adjacent North Millennium project areas are situated 11 kilometres west of Cameco's 69.9-per-cent-owned Millennium deposit and 20 km southwest of CanAlaska's Pike zone discovery on the West McArthur project in the Athabasca basin of Northern Saskatchewan, the second-largest production centre for uranium globally. The Key Lake-McArthur Road is 23 km to the southeast with winter access to the property either by winter road from the Millennium deposit to Friesen Lake, four km east of the property, or by a winter road from Key Lake to McIntyre Lake, four km south of the property.

About PTX Metals Inc.

PTX is a minerals exploration Company focused on high-quality critical mineral projects, including two flagship projects situated in Northern Ontario, a mining jurisdiction renowned 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 (platinum group element) project and South Timmins gold joint venture project.

PTX's portfolio of assets offers investors exposure to some of the world's most valuable metals, including gold, as well as essential critical minerals for the clean energy transition: copper, PGE, nickel, uranium and rare metals. PTX's portfolio of assts was strategically acquired for their geologically favourable attributes and proximity to established mining companies. PTX mineral exploration 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 and around the world.

PTX is based in Toronto, Canada, with a primary listing on the TSX Venture Exchange under the symbol PTX. The company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as PANXF.

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