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Callinex to Change Name to Visionary Copper and Gold Mines Inc.
CNX ResourcesCNX Resources(US:CNX) Globenewswireยท2025-08-11 12:30

Company Overview - Callinex Mines Inc. plans to change its name to "Visionary Copper and Gold Mines Inc." to better reflect its commitment to sustainable mining and value creation through the discovery and development of copper and gold mines in Canada [1][2] - The new stock symbol is anticipated to be "VCG," with the name change expected to occur in early September 2025 [3] Shareholder Information - Existing shareholders will not need to exchange their share certificates, and the name change will not affect the company's share structure or shareholder rights [4] Mineral Resource Highlights - The company has a portfolio that includes the Point Leamington Deposit, which has an Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, totaling 402,000 ounces AuEq [5] - The Inferred Mineral Resource at Point Leamington is 13.7 million tonnes grading 2.24 g/t AuEq, totaling 986,500 ounces AuEq [5] - The Rainbow deposit at the Pine Bay Project has an Indicated Mineral Resource of 3.44 million tonnes grading 3.59% CuEq, totaling 272.4 million pounds CuEq [5] - The Nash Creek Project has a pre-tax IRR of 34.1% and an NPV8% of $230 million at a zinc price of $1.25 [5]