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ATEX Company Data
| Introduction
| Projects in Hand
| Management
ATEX Resources Inc. is a Chilean-focused exploration company managed by a team of dedicated professionals with the goal of discovering economically viable mineral deposits through a disciplined approach to exploration. ATEX's flagship Valeriano Copper-Gold Project is located in Chile's prolific El Indio mineral belt. Investment Highlights Proven Management Team
Exploration/Discovery Stage Project
Active Generative Exploration Program
Valeriano Copper-Gold Project, Chile Project Overview
Drill results outline major expansion potential of the porphyry mineralization to the northeast and southwest outlining an 850 by 800 metre envelope of copper gold mineralization which remains open in all directions. Next Steps Plans are currently being made for a major drilling campaign during the 2022/23 season with the key goals of:
Management and Directors Dr. Raymond Jannas, Chief Executive Officer and Director Over 40 years’ experience in mining geology & exploration. Headed teams that led to discovery of Pascua-Lama, El Morro & Cortadera in Chile. Held senior positions with Gold Fields, Barrick Gold, LAC Minerals, Hochschild Mining, Metallica Resources. Ph.D. from Harvard University. Thomas Pladsen, Chief Financial Officer Finance professional with 30 years of experience as a senior executive & director with public companies largely in the exploration industry. Co-founder of ATEX Resources Inc. and previously, co-founder and CFO of Atacama Pacific Gold. Formerly the CFO of Andina Minerals, Katanga Mining and number of other publicly traded companies. Ben Pullinger, Senior Vice President Exploration and Business Development Geologist with over 17 years’ of international mineral exploration and business development experience. Held senior executive positions with Golden Star Resources, Excellon Resources and Roxgold Inc. Director of Orford Mining. Dr. Albrecht Schneider, Consultant Geologist with 40 years’ experience in mining & mineral exploration industry. Co-founder of ATEX Resources Inc, Chairman & co-founder of Atacama Pacific Gold, general manager & co-founder of Andina Minerals & Senior VP of Exploration, TVX Gold. Instrumental in discovery of Cerro Maricunga, Volcan & Salares Norte deposits; led teams outlining Asacha & Zolotoe deposits in Russia, Kasperske Hory deposit in Czech Republic, & Skouries deposit in Greece. Craig Nelsen, Chairman Geologist with over 40 years’ international exploration experience; retired from Gold Fields with 8 years as the Executive VP of Exploration. CEO of Metallica Resources for 9 years and Chairman for 14 years. Rob Suttie, Director Currently Vice President at Marrelli Support Services Inc. with over 20 years’ experience in corporate accounting and financial disclosure. Alejandra Wood, Director Over of 20 years’ international and Chilean mineral industry experience. Currently sits on the board of Codelco Formerly the Executive Director of the Center for Copper and Mining Studies (“Cesco”) Jamile Cruz, Director Experienced engineer and has held senior capital projects consulting roles with a number of international mining companies. Founder and currently Executive Director of I&D 101 Inc. On August 01, 2023, The TSX Venture Exchange has accepted for filing the company's proposal to issue 15 million non-transferable bonus warrants, with each warrant entitling the holder to acquire one common share of the company at $1.30 until July 11, 2025, to a non-arm's-length party and certain arm's-length parties in consideration of a credit facility of $15-million (U.S.). The facility bears an interest rate of 6 per cent per annum and matures on July 11, 2025. On July 19, 2023, Further to its news release dated July 12, 2023, Atex Resources Inc. has drawn and received $10-million (U.S.) in financing under its credit agreement dated July 11, 2023, entered into by the company and a group led by existing strategic shareholders Firelight Investments LLC, a company controlled by Pierre Lassonde (an insider of the company), Beedie Investments Ltd. and other arm's-length parties (collectively with Firelight and Beedie, the lenders). "We welcome the continued support from our cornerstone shareholder through this credit agreement and are very happy to have Beedie Capital as our newest key stakeholder," stated Raymond Jannas, chief executive officer and president of the company. "With over $20-million in liquidity, we are well positioned to execute our 2023/2024 exploration drilling campaign." On July 13, 2023, Atex Resources Inc. has provided partial assay results for drill holes ATXD-24 and ATXD-22B, the last two holes, from its phase III drill campaign at the Valeriano copper-gold project located in Atacama region, Chile. Highlights include:
On July 12, 2023, Atex Resources Inc. has entered into a credit agreement for the establishment of a $15-million (U.S.) unsecured credit facility from a group led by existing strategic shareholders Firelight Investments LLC, a company controlled by Pierre Lassonde (an insider of the company), Beedie Investments Ltd. and other arm's-length parties. The facility will provide Atex additional financial flexibility to finance the company's continuing work programs and provide general working capital. "We are very grateful to have the continued support from our cornerstone shareholder through this facility and the early exercise of warrants. We also would like to welcome Beedie Capital as our newest key stakeholder," stated Raymond Jannas, chief executive officer and president of the company. "This group of strategic shareholders have reiterated their support and confidence in the Valeriano project by agreeing to provide Atex with a simple and flexible facility. With over $20-million in liquidity, we are extremely well positioned to execute our 2024 exploration drilling campaign, the completion of our upcoming updated resource for the Valeriano project and other strategic initiatives." On June 05, 2023, Atex Resources Inc. has released complete assay results for drill holes ATXD-22A and ATXD-23 from its phase III drill campaign at the Valeriano copper-gold project located in Atacama region, Chile. Highlights include:
On May 11, 2023, Atex Resources Inc. has completed drill holes ATXD-22A and ATXD-23 in its phase 3 drill campaign at the Valeriano copper-gold project located in Atacama region, Chile. Highlights include:
On May 11, 2023, As a result of a continuous disclosure review by the British Columbia Securities Commission, Atex Resources Inc. is issuing this news release to clarify disclosure with respect to certain of the scientific and technical information included in the company's annual information form filed on March 6, 2023, and its National Instrument 43-101 technical report entitled "Valeriano Project, Inferred Resource Estimates, Atacama Region, Chile," with an effective date of Nov. 13, 2020. On April 05, 2023, Atex Resources Inc. has released the results of its 2023 annual general and special meeting of its shareholders held on-line on Wednesday, April 5, 2023. All of the motions proposed in Atex's notice of annual general and special meeting dated March 1, 2023, were overwhelmingly approved by Atex shareholders at the meeting. In addition, the company is pleased to announce that it has granted an aggregate of 601,300 restricted stock units that vest over a two-year period to certain officers, employees and consultants as a 2022 annual performance award, all in accordance with its restricted share unit plan (RSU plan) that was approved by shareholders at the meeting. On March 30, 2023, Atex Resources Inc. has released results for diamond drill holes ATXD-11B and ATXD-22. These are the third and fourth holes completed in its phase III drill campaign at the Valeriano copper-gold project located in Atacama region, Chile. Highlights include:
On February 27, 2023, Atex Resources Inc. has completed drill hole ATXD-11B, the third drill hole in its phase III drill campaign and has received assay results from hole ATXD-21 at the Valeriano copper-gold project located in Atacama region, Chile. Highlights include: ATXD-11B intersected 765 metres of early porphyry, between 1,425 and 2,190 metres, along a new trend within the mineralized corridor, approximately 300 metres to the west of the Central High-Grade Trend. This new porphyry is similar in appearance to the early porphyry in the Central High-Grade Trend with significant chalcopyrite and lesser bornite mineralization observed. Assays for ATXD-11B are anticipated late-March. Additionally, ATXD-11B intersected chalcopyrite-bearing Rock Milled Breccia ("RMB") with intermineral cross cutting porphyry units from a depth of 1,056 metres downhole to 1,425 metres. A third diamond drill rig has been mobilized to the Project and is expected to commence operating in early March, following up on the new porphyry trend intersected in ATXD-11B. ATXD-21 intersected multiple mineralized intervals including 428 metres of 0.48% Copper Equivalent "CuEq" (0.31% Cu, 0.2 g/t Au and 56 ppm Mo) and 168 metres of 0.59% CuEq (0.41% Cu, 0.2 g/t Au and 60 ppm Mo). Mineralization in the upper part of ATXD-21 could be indicative of deeper porphyry presence related to the Eastern Trend. Continuity or displacement of the Central Trend will be evaluated in future drilling. On February 07, 2023, Atex Resources Inc. has released results from drill hole ATXD-11A during phase III of its drill campaign at the Valeriano copper-gold project located in Atacama region, Chile. Highlights include:
On January 25, 2023, Atex Resources Inc. has increased its ownership in the company's principal property, the Valeriano project, located in Chile, through an indirect acquisition of the 10-per-cent interest in Sociedad Contractual Minera Valleno, the Valeriano project's holding company, held by a subsidiary of Hochschild Mining. Pursuant to a share purchase agreement dated January 23, 2023, ATEX Valeriano SpA, the Company's wholly owned Chilean subsidiary ("ATEX Valeriano"), acquired Hochschild's 10% interest in Valleno for a purchase price of US$1,150,000. On January 17, 2023, Atex Resources Inc. has completed the first two diamond drill holes of the phase 3 drill campaign on its Valeriano copper-gold project in the Atacama region, Chile. Highlights:
On January 04, 2023, Atex Resources Inc. has granted an aggregate of 250,000 stock options to an officer of Atex. Each option entitles the holder to acquire on common share at an exercise price of 77 cents until Jan. 3, 2028. On December 22, 2022, Atex Resources Inc. has appointed Sheila Magallon as chief financial officer, succeeding Thomas Pladsen, who will be retiring Dec. 31, 2022. Ms. Magallon is a Chartered Professional Accountant with more than 15 years' experience in the mining sector. She has a strong background in financial reporting, internal controls, strategic planning, treasury management and change management. She joined GCM Mining in 2019 as Vice President, Finance where she worked through to its combination with Aris Mining. ATEX is also pleased to announce it has extended its agreement with Adelaide Capital Markets Inc. ("Adelaide") of Toronto, Ontario, by 6 months. On December 09, 2022, The Globe and Mail reports in its Friday, Dec. 9, edition that Desjardins Securities analyst John Sclodnick and Jonathan Egilo expect gold to regain investor interest, pointing to its "tendency to outperform other asset classes in either of these environments." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sclodnick and Mr. Egilo have reaffirmed their "buy" recommendation and $1.20 share target for Atex Resources. Analysts on average target the shares at $1.47. On August 25, 2022, ATEX announced that it has completed its previously announced private placement financing. A total of 20,013,261 units were issued at a price of 62 cents per unit, raising gross proceeds of $12,408,222. ATEX intends to use the proceeds from the offering to advance the Company’s Valeriano Copper-Gold Project and for general corporate purposes. On August 3, 2022, ATEX announced upsize of previously announced private placement financing to up to $10.8 million. |
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