ATEX Provides Notice of Warrant Acceleration

Core Viewpoint - ATEX Resources Inc. has announced the accelerated expiry date of its common share purchase warrants, allowing warrant holders to exercise their warrants earlier than initially planned due to the trading performance of the company's shares [1][4]. Group 1: Warrant Details - On November 1, 2024, the company issued 21,057,477 warrants with an exercise price of C$2.50 per common share, originally set to expire on November 1, 2029 [2]. - The company can accelerate the expiry date of the warrants if the common shares trade at a volume-weighted average price (VWAP) of at least C$3.00 for 20 consecutive trading days [3]. - An acceleration notice was delivered to warrant holders, allowing them until February 20, 2026, to exercise their warrants, after which any unexercised warrants will be cancelled [4]. Group 2: Financial Implications - If all warrants are exercised, the company will receive gross proceeds of approximately C$52.6 million [5]. Group 3: Company Overview - ATEX is exploring the Valeriano Copper-Gold Project located in the Atacama Region, Chile, which is part of a mineral belt known for copper-gold porphyry deposits [6]. - The Valeriano project hosts a significant mineral resource, including an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq, as reported on September 23, 2025 [6].