PTX Metals Updates: Ontario's Premier Announces Support to Unleash the Economic Potential for Critical Minerals and Energy in Ontario and Ring of Fire
PTX Metals Updates: Ontario's Premier
Announces Support to Unleash the Economic
Potential for Critical Minerals and Energy in
Ontario and Ring of Fire
Toronto, Ontario--(Newsfile Corp. - April 21, 2025) -
PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF)
(FSE: 9PX)
("
PTX
" or the "
Company
"), a mineral exploration company focused on high-quality Cu-Ni-
PGE and gold projects in northern Ontario, is pleased to hear the announcement of Ontario's Premier
Doug Ford on April 17, 2025 that took place at the Exchange Tower in Toronto about the new legislation
for Ontario to unleash the economic potential for critical minerals and energy projects. As the Ontario's
Premier declared a positive step forward for the mining industry, he emphasized strong support in
designating the Ring of Fire as an important economic zone and the urgency for infrastructure
development, and streamlining approval processes (
Doug Ford Announces Bill to Speed up Resource
Development - April 17, 2025 | Headline Politics | CPAC.ca
). The bill would give the province the new
authority to designate special economic zones for strategically important projects, like the Ring of Fire
mining development.
Greg Ferron, CEO and President of PTX Metals states: "We are delighted to see such positive
enhancements within the Province of Ontario related to resource development and the potential
legislation designating the Ring of Fire as an important economic zone. Importantly, we are also pleased
to hear that First Nations will be included as a partner in the development of the area. As for PTX, it will
support the growth of our projects, the W2 Project which hosts substantial mineralized zones hosting
critical metals including Copper, Nickel, Gold and PGEs and our Shining Tree/Heenan Mallard gold
projects near Timmins."
The Company recently announced the details of its active exploration program at W2 Cu-Ni-PGE Project
(W2 Project) along with plans for subsequent work programs. The W2 Project is a 22,000-hectare
property located southwest of the Ring and Fire and 160 kilometres from the existing Pickle Lake all
season road, and 30 to 35 km southwest of the proposed utility corridor and all season Webequie
Supply Road.
Currently the Company is making progress with a program consisting of drilling, a HeliGT Magnetic
Survey, and most importantly enhancement of a 3D geological model over the Central Target. The
Magnetic Survey and the 3D geological model has provided PTX with a better understanding of controls
of the mineralization in the Central Area which hosts the CA and AP zones, as well as simultaneously
defining new areas of interest across the W2 Project.
In September 2024, the Company reported a substantial near-surface Exploration Target in the Central
Target (see press release of September 4
th
, 2024).
As PTX is advancing into the exploration program, the Company expects to update its Exploration
Target as knowledge on the W2 Property are being enhanced.
Qualified Person:
The technical information presented in this news release has been reviewed and approved by Joerg
Kleinboeck, P. Geo., a non-independent qualified person to PTX Metals who is responsible for ensuring
that the technical information provided in this news release is accurate and who acts as a "qualified
person" (QP) as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About PTX Metals Inc.:
PTX is a mineral exploration company focused on high-quality strategic metals assets in northern
Ontario, allowing exposure for shareholders to Copper, Gold, Nickel, and PGEs. The Province of Ontario
is renowned as a top mining jurisdiction for its abundance of mineral resources and investment
opportunities.
Our corporate objective is to advance its assets, and unveil the potential of its two Flagship Projects, the
W2 Cu-Ni-PGE located in the strategic Ring of Fire, and the Shinning Tree Gold Project neighbor of
multi-million ounces gold deposits in the Timmins Gold Camp.
PTX's portfolio of assets was strategically acquired for their geologically favorable attributes, and
proximity to established mining companies. PTX's 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 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.
For additional information on PTX, please visit the Company's website at
https://ptxmetals.com/
.
For further information, please contact:
Greg Ferron, President and Chief Executive Officer
Phone: +1 (416) 270-5042
Email:
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those
expressed or implied by such forward-looking information, including statements regarding the ability
of the Company to satisfy the regulatory, stock exchange and commercial closing conditions of
Private Placement, and the potential development of mineral resources and mineral reserves which
may or may not occur. Factors that could cause actual results to differ materially from such forward-
looking information include, but are not limited to, changes in the state of equity and debt markets,
fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals,
and general economic and political conditions. Forward looking information in this news release is
based on the opinions and assumptions of management considered reasonable as of the date
hereof, including that all necessary approvals, including governmental and regulatory approvals, will
be received as and when expected. Although the Company believes that the assumptions and factors
used in preparing the forward-looking information in this news release are reasonable, undue reliance
should not be placed on such information. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether because of new information, future events or
otherwise, other than as required by applicable laws. For more information on the risks, uncertainties
and assumptions that could cause our actual results to differ from current expectations, please refer to
the Company's public filings available under the Company's profile at
www.sedarplus.ca
.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there
be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. The securities described
herein have not been and will not be registered under the United States Securities Act of 1933, as
amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United
States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act)
unless registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration requirements is available.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/249169