ATEX Resources Announces C$85 Million Bought Deal Financing

Core Viewpoint - ATEX Resources Inc. has announced a private placement offering to raise approximately C$85 million to advance the exploration and development of its Valeriano Project in Chile [1][6]. Offering Details - The offering consists of 32,700,000 units priced at C$2.60 each, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the purchase of one common share at C$4.00 for four years from the closing date [2]. - The offering is expected to close on or about November 6, 2025, subject to regulatory approvals [6]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development of the Valeriano Project, as well as for general working capital purposes [6]. Underwriters' Details - The underwriters will receive a cash fee of 5.00% of the gross proceeds, reduced to 2.00% for certain identified purchasers [7]. - An option exists for underwriters to sell up to an additional 15% of the total number of securities to cover over-allotments [4]. Project Overview - The Valeriano Project is located in the Atacama Region of Chile and is part of a mineral belt that includes several significant copper-gold deposits [9]. - The project hosts a large, high-grade copper-gold porphyry mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq [9].