PPX Mining Announces Closing of Upsized Private Placement
NEWS RELEASE; TSX.V PPX; BVL PPX
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
PPX MINING ANNOUNCES CLOSING OF UPSIZED PRIVATE PLACEMENT
Toronto – September 11, 2025 – PPX Mining Corp. (TSXV: PPX; BVL: PPX; “ PPX ” or the “ Company ”)
is pleased to announce that it has closed its upsiz ed non-brokered private placement, as described in the
Company’s press release dated September 5, 2025, fo r aggregate gross proceeds of C$2,580,004 (the
“ Offering ”).
The Offering involved the issuance of 22,434,813 units (the “ Units ”) at a price of C$0.115 per Unit for gross
proceeds to the Company of C$2,580,004. Each Unit c onsisted of one common share of the Company and
one common share purchase warrant, with each warrant entitling the holder to acquire one common share of
the Company at an exercise price of C$0.14 until Se ptember 11, 2027. The Company intends to use the
proceeds from the Offering to advance ongoing exploration at the Mina Callanquitas project and for general
working capital purposes.
In connection with the Offering, the Company issued an aggregate of 994,182 units (the “ Finder’s Units ”)
to arm’s length finders of the Company in considera tion for the finders locating purchasers to participate in
the Offering. Each Finder’s Unit consisted of one c ommon share of the Company and one non-transferable
common share purchase warrant, with each warrant entitling the holder to acquire one common share of the
Company at an exercise price of C$0.14 until September 11, 2027.
The securities issued in connection with the Offeri ng are subject to a four-month hold period expiring on
January 12, 2026 under applicable Canadian securities laws. The Offering is subject to the final approval of
the TSX Venture Exchange (the “ TSXV ”).
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities
in the United States. The securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the “ U.S. Securities Act ”) or any state securities laws and may not be offe red or
sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.
About PPX Mining Corp:
PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern
Peru. Igor, the Company’s 100%-owned flagship gold and silver project, is located in the prolific Nort hern
Peru gold belt in eastern La Libertad Department.
On behalf of the board of directors of the Company:
Brian Imrie
Executive Chaiman
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
2
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this
release.
Cautionary Statement:
This press release contains forward-looking informa tion and forward-looking statements (collectively,
“ forward-looking statements ”) as such terms are defined by applicable securities laws, including, but not
limited to statements regarding the use of proceeds for the Offering and the final approval of the TSX V.
Forward-looking statements are statements that rela te to future events. In this context, forward-looki ng
statements often address expected future business and financial performance and often contain words such
as “anticipate,” “believe,” “plan,” “estimate,” “ex pect,” and “intend,”, statements that an action or event
“may,” “might,” “could,” “should,” or “will” be tak en or occur, or other similar expressions. Forward-
looking statements are subject to a number of known and unknown risks and uncertainties, many of which
involve factors or circumstances that are beyond the Company’s control, and the Company’s actual resul ts
could differ materially from those stated or implie d in forward-looking statements due to many various
factors. Such uncertainties and risks include, amon g others, delays in obtaining or inability to obtai n
required regulatory approvals and or funding, as ap plicable; the state of the equity financing markets in
Canada and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to capital
market fluctuations; and fluctuations in metal prices. Although the Company believes that the expectations
reflected in the forward-looking statements are rea sonable, the Company cannot guarantee that the even ts
and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of
events and circumstances and actual results could d iffer materially from those projected in the forwar d-
looking statements. Accordingly, one should not pla ce undue reliance on forward-looking statements. Al l
forward-looking statements contained in this press release are made as of today’s date, and the Compan y
undertakes no obligation to update or publicly revi se any forward-looking statements, whether as a res ult
of new information, future events or otherwise, unless required by law.