PJX Resources Announces $1.6 Million Private Placement

PJX Resources Inc., based in Toronto, plans a non-brokered private placement of 12,430,905 units, raising $1,652,460. The offering includes "Flow Through" Units at $0.14 and "Non-Flow Through" Units at $0.12, with completion anticipated by July 15, 2025. Each unit comprises a common share and a warrant, with the latter allowing the purchase of an additional share at $0.20 within two years.

Insiders may participate in the deal, classified as a "related party transaction" under applicable regulations. Part of the proceeds will fund exploration at Cranbrook, B.C. PJX intends to allocate funds to "flow-through critical mineral mining expenditures" eligible for tax incentives.

Exploration will focus on the Dewdney Trail Property, potentially uncovering a valuable zinc, lead, copper, and silver deposit. The area is near the Sullivan mine, renowned for its historical yield.