Announcement • Jun 16
PTX Metals Reports Initial Metallurgical Results At W2 Copper-Nickel-PGE Project PTX Metals Inc. has completed the first known metallurgical testing on W2 mineralization at SGS Lakefield. Copper recoveries ranged from 97% at 8.4% copper grade to 92% at 28% copper grade. Palladium and gold were upgraded by 21X and 16X respectively to the final copper concentrate. Locked cycle testing is planned as a next step in metallurgical testing. PTX Metals Inc. commissioned a program at SGS Lakefield designed to establish an initial understanding of how W2 mineralization responds to conventional processing methods focused on copper and precious metals flowsheets. For the initial metallurgical test program, a composite sample was constructed from higher-grade drill core intervals sampled from several zones within the project. The sample had a head grade of 0.78% copper, 0.32% nickel, 0.29 g/t palladium, 0.11 g/t platinum, and 0.04 g/t gold. Mineralogical characterization by QEMSCAN shows that there is approximately 3% chalcopyrite in the sample, that is well liberated at a primary grind size of 100 microns. The main gangue minerals in the sample are pyrrhotite and pyroxene minerals with minor amounts of quartz. The sample was subjected to a simple metallurgical flowsheet to evaluate the ability to recover and upgrade the copper mineralization. The flowsheet ground the sample to an 80% passing particle size of 55 microns and utilized a rougher flotation stage to maximize recovery, followed by two stages of cleaning to upgrade the copper to final grade. The copper grade recovery curve, which was generated from an open circuit test result, demonstrates that the copper can be recovered at high rates and upgraded using the selected flowsheet. In the initial rougher flotation stage, 97% of the copper was recovered at a grade of 8.4% copper. Through the subsequent flotation cleaning stages, the copper was upgraded to a final grade of 28% copper at 92% recovery. These results indicate that the chalcopyrite in this sample readily floats and can be upgraded with a simple flowsheet. Future work will examine the impact of grind size on metallurgical performance with the goal of using a coarser grind size. The performance of the precious metals through the copper circuit was also assessed through the open circuit tests. In addition to the strong copper performance, there were meaningful quantities of palladium and gold that also reported to the copper concentrate: 53% of the palladium was recovered at a grade of 6.2 g/t palladium, and 41% of the gold was recovered at 0.7 g/t gold grade. The palladium and gold grades in the final concentrate were upgraded 21X and 16X respectively relative to the head grade of the sample. Testwork is underway to try to enhance the precious metal recoveries in the copper circuit, which could provide meaningful byproduct credits for the project. The company will perform additional tests on higher grade materials to evaluate the potential for increased recoveries of gold, palladium, platinum and nickel. As a key next step, the company will complete a locked cycle test on this sample to confirm the copper circuit performance under steady state conditions. The copper circuit was successful in reducing nickel in the copper concentrate and a separate metallurgical test program also evaluated the potential to recover and upgrade nickel in a circuit separate from copper. Rougher flotation testing achieved 77% nickel recovery at a grade of 0.83% nickel. Further upgrading through the flotation cleaning stages was constrained by the sample mineralogy, whereby the nickel is largely hosted at low grades within the matrix of the pyrrhotite. The highest-grade nickel cleaner concentrate that was achieved across the test program was 5.6% nickel at 6% recovery, which is below typical nickel concentrate grade specifications. The company believes higher-grade nickel samples may yield better results and remain highly encouraged by the copper and precious metals performance. The recovery of nickel from the nickel sulphide concentrate could potentially be achieved through pressure oxidation processing. Other leaching options will be explored to target the recovery of the nickel. The company also completed a paragenesis study designed to investigate and characterize the nature of the copper, nickel, gold, and platinum-palladium mineralization at the Central Target. Announcement • Jun 03
Ptx Metals Advances Shining Tree Gold Project with Start of Drilling At Priority Ronda Target PTX Metals Inc. announced advancing the next phase of its exploration activities at the Shining Tree Project, located south of Timmins in Ontario's gold belt, with drilling now underway at the priority Ronda Target. The program follows several years of technical work that has strengthened the Company's understanding of the property's geological potential and identified multiple opportunities to expand known gold and base metal mineralization within a broader emerging district-scale exploration corridor. The Ronda Target is considered a priority drill location and will follow up on the previously sampled, 2024 trench program that returned up to 60.30 g/t gold over 1.0m and an average of 9.0 g/t gold over 16.0m of continuous channel sampling sub-parallel to the mineralized corridor. The Phase 1 program consists of approximately 1,250 meters of diamond drilling (6 holes) designed to test the Ronda target at depth and along strike. Alongside drilling, the Company will continue advancing regional target generation efforts aimed at identifying additional zones of mineralization across the property and supporting long-term growth potential within the district where historic copper mineralization of 3.93% copper and 71.2 g/t silver was discovered. Recent geological mapping, sampling and structural interpretation work have significantly enhanced PTX's understanding of the mineralized system at Shining Tree. The work has highlighted the importance of the Ridout-Tyrrell Deformation Zone (RTDZ), a major regional structure associated with several significant gold deposits in the district and has generated a growing pipeline of exploration targets beyond Ronda. The RTDZ hosts significant deposits, including the Juby deposit and Cote Gold Mines, and is located within the rapidly developing yet underexplored Shining Tree district of the Southern Abitibi Greenstone Belt. The Ronda target has been diligently mapped and sampled by PTX's technical team and coincides with the historical underground Ronda Mine. Limited exploration work has been conducted since the surface acquisition by PTX from Alamos Gold, until PTX's recent activities. Concurrently with the diamond drilling program, the Company is launching a soil sampling program over the four recently identified targets, most of which are situated along the newly recognized structural RTDZ corridor. The program will include approximately 1,000 samples and is designed to systematically refine these mineralized zones and support the identification of larger-scale potential across the project. Access to the Northwestern Target has improved significantly in recent years due to the development of new logging roads. The program is designed to target the interpreted main break and associated splays of the Rideout-Tyrell Deformation Zone in the Northwestern and R-Break Ext target areas. Announcement • May 15
PTX Metals Inc. announced that it has received CAD 7.04075 million in funding On May 14, 2026, PTX Metals Inc. closed the transaction. The company announced that it has issued 8,200,000 flow-through shares ("FT Shares") at a price of CAD 0.125 per FT Share for aggregate gross proceeds of CAD 1,025,000 and a total of 2,499,544 hard dollar units ("HD Units") at a price of CAD 0.11 per HD Unit for gross proceeds of CAD 274,949.84, bringing the total number of FT Shares issued to date to 40,950,000 for total gross proceeds of CAD 5,118,750 and the total number of HD Units to 17,472,723 for total gross proceeds of CAD 1,921,999.53. In addition, to date the Company has paid a total of CAD 367,766.00 in finders fees and issued a total of 2,934,775 finder warrants ("Finder Warrants") to eligible finders. Each Finder Warrant entitles the holder thereof to purchase one common share at a price of CAD 0.125 (subject to adjustment) for a period of two (2) years following the issuance of the Finder Warrants. The FT Shares and all but 4,545,454 HD Units were issued pursuant to the accredited investor exemption. 
