Core Viewpoint - Muzhu Mining Ltd. has successfully closed the second tranche of its non-brokered offering, raising a total of $250,000, contributing to an aggregate of $500,000 raised from both tranches of the offering [1][2]. Group 1: Offering Details - The offering aims to raise up to $1,000,000, consisting of two components: up to $500,000 in units at $0.06 per unit and up to $500,000 in flow-through units at $0.08 per unit [2]. - Each unit consists of one common share and one warrant, while each flow-through unit includes one common share qualifying as "flow-through shares" and one warrant [2]. - The warrants allow holders to purchase one common share at an exercise price of $0.10 for up to 24 months following the closing of the offering [3]. Group 2: Use of Proceeds - Net proceeds from the sale of units will fund the initial option payment for the Everett titanium property, working capital, and general corporate purposes [4]. - Gross proceeds from the sale of flow-through units will be allocated for surface exploration, metallurgical testing, and verification of historical exploration work at the Everett Property [4]. - The entire gross proceeds from the flow-through units will be used for Canadian Exploration Expenses, which must be incurred by December 31, 2026, and renounced by December 31, 2025 [5]. Group 3: Future Plans - A final tranche of the offering is expected to close in January 2026, subject to regulatory approvals [6]. - The company paid $10,000 in finder's fees and issued 125,000 finder's warrants in connection with the second tranche [7].

Toronto, Ontario--(Newsfile Corp. - October 7, 2025) - PTX Metals Inc. (TSXV: PTX) ("PTX" or the "Company") is pleased to announce the closing of the third tranche of its previously disclosed non-brokered private placement of flow-through, hard dollar and charity flow-through units (see news releases dated September 8, 2025, September 16, 2025. September 28, 2025, September 30, 2025 and October 2, 2025). Under the third closing the Company issued a total of 9,666,667 charity flow-through units ("CFT Units" ...