Toronto, Ontario — January 8, 2026 — Leads & Copy — Green Canada Corporation (GCC), a 54.33% owned subsidiary of PTX Metals Inc. (TSXV: PTX) (“PTX”), has announced a non-brokered private placement (the “Offering”) of up to 3,846,154 common shares at a price of $0.13 per share, aiming to raise aggregate gross proceeds of up to $500,000.
According to the announcement, Green Canada may pay 7% cash finder fees in certain cases.
PTX’s shareholding in GCC is expected to decrease from approximately 54.33% to approximately 48.72% on a non-diluted basis, assuming the Offering is fully subscribed.
The securities issued under the Offering will be subject to a hold period of four months and one day after the later of (a) the closing date of the Offering and (b) the date the company became a reporting issuer in any province or territory.
GCC has entered into a binding letter of intent (the “RTO LOI”) dated November 13, 2025, with MAACKK Capital Corp. (“MAACKK”) to complete a transaction that would result in a reverse take-over of MAACKK by the shareholders of GCC (the “Proposed RTO”).
The closing of the Proposed RTO is contingent upon regulatory approval for the listing of the resulting issuer on the Canadian Securities Exchange or another mutually agreed-upon stock exchange.
PTX’s shareholders are expected to benefit directly from the Proposed RTO through PTX’s shareholding in GCC, unlocking immediate value, according to the release. The closing of the Offering is not conditional upon the closing of the Proposed RTO.
The net proceeds from the Offering are earmarked for general working capital and corporate purposes.
GCC, according to the release, has assembled a diverse set of Canadian based uranium mineral properties focused on unconformity-style uranium deposits in the Athabasca Basin of Saskatchewan, the Baker and Amer Basins in Nunavut and the Otish Basin in Quebec. The flagship Marshall Project is to be acquired by GCC from Basin Energy Limited in connection with the Proposed RTO, and the adjacent North Millennium project areas are situated 11 km west of Cameco’s 69.9% owned Millennium deposit and 20 km southwest of CanAlaska’s Pike zone discovery on the West McArthur project in the Athabasca Basin of northern Saskatchewan.
The Key Lake-McArthur Road is 23 km to the South-East with winter access to the property either by winter road from the Millennium deposit to Friesen Lake, 4 km east of the property, or by a winter road from Key Lake to McIntyre Lake, 4 km south of the property.
PTX Metals Inc. is a minerals exploration company focused on critical mineral projects, including the W2 Copper Nickel PGE Project and South Timmins Gold Joint Venture Project, both situated in northern Ontario.
PTX’s assets offer exposure to metals including gold, as well as essential critical minerals for the clean energy transition: copper, PGE, nickel, uranium and rare metals. PTX mineral exploration programs are designed by a team of expert geologists.
PTX is based in Toronto, Canada, with a primary listing on the TSXV 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.
Contact:
Greg Ferron, President and Chief Executive Officer
Phone: 416-270-5042
Email: gferron@ptxmetals.com
Rick Mazur
Phone: 778-772-3100
Email: mazur@miradorgold.com
Source: PTX Metals Inc.
