ATEX Provides Corporate Update DTC Eligibility Secured Enhancing Liquidity of ATEX Shares in U.S.
ATEX Provides Corporate Update
DTC Eligibility Secured Enhancing Liquidity of ATEX Shares
in U.S.
Toronto, Ontario--(Newsfile Corp. - November 27, 2025) -
ATEX Resources Inc. (TSXV: ATX)
(OTCQB: ATXRF)
("
ATEX
" or the "
Company
") is pleased to announce that in accordance with its
Stock Option Plan, it has granted an aggregate of 1,994,261 incentive stock options to employees of
which 990,245 have been granted to officers. Each option entitles the holder to acquire one ATEX
common share at an exercise price of $2.60 over a period of five years and will vest one third on each of
the first, second and third anniversaries of the grant date in accordance with the Company's Stock
Option Plan. In addition, 262,096 restricted share units ("
RSU
") have been granted to directors of the
Company and will vest on the date of termination of his or her membership on the Board. Finally,
389,280 RSUs have been granted to employees, of which 193,296 have been granted to officers and
will vest one third on each of the first, second and third anniversaries of the grant date in accordance with
the Company's Restricted Share Unit Plan.
ATEX is also pleased to announce that its common shares are now eligible for electronic clearing and
settlement in the United States through the Depository Trust Company ("
DTC
"). DTC eligibility is
expected to simplify trading and enhance the liquidity of ATEX shares in the United States. The
Company's shares began trading on the OTCQB Venture Market ("
OTCQB
") under the ticker symbol
"ATXRF" on September 23, 2025. ATEX's common shares continue to trade on the TSX Venture
Exchange in Canada under the symbol "ATX".
DTC is a subsidiary of the Depository Trust & Clearing Corporation ("
DTCC
"), a U.S. company that
manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible
to be electronically cleared and settled through DTC are "DTC eligible". The electronic method of
clearing securities through the DTC allows for cost-effective clearing and guaranteed settlement,
simplifying and accelerating the settlement process for investors trading the Company's shares.
About ATEX
ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold
porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga
Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally
referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of
development including, Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi
(NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick).
Valeriano hosts a large, high-grade, copper-gold porphyry Mineral Resource: an Indicated Resource of
475 Mt at 0.88% CuEq (0.58% Cu, 0.25 g/t Au, 1.39 g/t Ag and 70.4 g/t Mo) at a cutoff grade of 0.35%
Cu, and an Inferred resource of 1,511 Mt at 0.75% CuEq (0.50% Cu, 0.20 g/t Au, 1.16 g/t Ag and 70.6
g/t Mo) at a cut-off grade of 0.35% Cu, as reported on September 23, 2025.
For further information, please contact:
Ben Pullinger,
President and CEO
Email:
Aman Atwal,
Vice President, Business Development and Investor Relations
Email:
1-647-398-9405
or visit ATEX's website at
www.atexresources.com
.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statements, including predictions, projections, and
forecasts. Often, but not always, forward-looking statements can be identified by the use of words such
as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates",
"forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation
of such words and phrases or state that certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results, prediction, projection,
forecast, performance or achievements expressed or implied by the forward-looking statements.
Such forward-looking statements include, among others: statements regarding the consolidation of an
evolving and highly prospective new copper district; statements regarding collaboration and partnership
in this new district; statements regarding plans for the evaluation of exploration properties including the
Valeriano Copper Gold Project; the success of evaluation plans; the success of exploration activities
especially to the significant expansion of the high-grade corridor; mine development prospects; potential
for future metals production; changes in economic parameters and assumptions; all aspects related to
the timing and extent of exploration activities, including the Phase V and Phase VI programs
contemplated in this press release; timing of receipt of exploration results; the interpretation and actual
results of current exploration activities and mineralization; changes in project parameters as plans
continue to be refined; the results of regulatory and permitting processes; future metals price; possible
variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; labour
disputes and other risks of the mining industry; the results of economic and technical studies; delays in
obtaining governmental and local approvals or financing or in the completion of exploration; timing of
assay results; as well as those factors disclosed in ATEX's publicly filed documents.
Although ATEX has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its regulation services provider has reviewed or
accepts
responsibility for the adequacy or accuracy of the content of this news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/276221