PTX Metals Inc., a minerals exploration Company with two flagship projects situated in northern Ontario, has received a request from OTC Markets Group Inc. to issue this statement on recent promotional activity related to the Company's common shares traded on the OTCQB market.

On July 31, 2024, OTC Markets informed the Company that it became aware of a promotional activity concerning the Company and its Common Shares increased trading on the OTCQB market, including the distribution of one (1) newsletter published by KryptonStreet on behalf of TD Media LLC ("TDM"), discussing the Company, its business, and the general mining industry ("Newsletter").

The Company, management, board of directors and 3rd party service providers were not involved with the Newsletter, with the preparation or content creation and do not have a relationship with TDM. After reviewing the content of the Newsletter, the information is accurate, based on recent press releases, filings on SEDI and the Company’s website.

An increase in the trading volume of the Company's Common Shares was noted by the OTC Markets on July 31, 2024. The trading volume of 3.274 million represented approximately 3% of the total volume of 76 million shares traded over the past 12 months in Canada. The Company understands certain promotional activity coincided with increased trading activity in its Common Shares beginning on July 31, 2024. However, the Company does not believe the promotional activities were the sole or primary factor in any increase in trading volume of its Common Shares.

About PTX Metals Inc.

PTX Metals is a minerals exploration Company with two flagship projects situated in northern Ontario, renowned as a world-class mining jurisdiction for its abundance of mineral resources and investment opportunities. The corporate objective is to advance the exploration programs towards proving the potential of each asset, which includes the W2 Copper Nickel PGE Project and South Timmins Joint Venture Gold Projects.

The portfolio of assets offers investors exposure to some of the world’s most valuable metals including gold, as well as essential metals critical for the clean energy transition: copper, nickel, uranium and rare metals. The projects were acquired for their geologically favorable attributes, and proximity to established mining producers. PTX work programs are designed by a team of expert geologists with extensive career knowledge gained from their tenure working for global mining companies in northern Ontario.

PTX Metals is based in Toronto, Canada, with a primary listing on the Canadian Securities Exchange 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.

 

Source: globenewswire.com

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