CANEX Metals Inc.

CANEX Metals has been informed that Mayfair Acquisition intends to make an unsolicited offer to acquire all the shares of CANEX and all of the shares of Gold Basin Resources in an all share transaction. The offer intends to combine the Arizona gold assets of both CANEX and Gold Basin into a company sponsored by the Discovery Group. No formal offer has been received. The Board of Directors and management of CANEX are [...]

CANEX Metals is pleased to announce it has received an exploration permit to conduct geophysical surveying at the Louise COPPER-GOLD Porphyry project and outlines a plan and timeline to advance the project. The exploration permit allows for 56-line kilometres of ground based induced polarization geophysical surveying. The geophysical survey is fully funded, a contractor has been selected, and the survey can commence as [...]

CANEX Metals is pleased to announce it has closed the second and final tranche of its previously announced non-brokered private placement. The Company will use the proceeds of the financing to advance the Louise copper-gold porphyry project in British Columbia and the Gold Range oxide gold project. Highlights Strong investor support to allow CANEX to conduct low-cost drill targeting at the large Louise copper-gold [...]

CANEX Metals is pleased to announce it has closed the first tranche of its previously announced non-brokered private placement consisting of 2,444,445 common shares at a price of $0.045 per common share and 4,616,665 flow-thru common shares at $0.06 per common share for gross proceeds of $386,999.92. The second and final tranche of the private placement is expected to close next week. Highlights Strong investor support to [...]

CANEX Metals is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private placement and will now offer up to 3,000,000 common shares and up to 5,250,000 flow-through common shares for gross proceeds of up to $450,000. Common Shares will be offered at $0.045 and FT Shares will be offered at $0.06. Proceeds from the FT Shares will be used before [...]

CANEX Metals is pleased to announce a measured financing intended primarily to fund exploration work at the Louise copper-gold porphyry system in BC. The Louise porphyry hosts a copper-gold deposit that has been drill defined over an area 1000 meters long by 400 meters wide and to approximately 300 m depth. Strong grades occur in the system highlighted by hold LL04-03 which returned 158 m grading 0.41% copper and 0.40 g/t [...]

CANEX Metals is pleased to present drill data compilation results from the Louise Cu-Au Porphyry project. Historic drilling has identified a mineralized zone that is 1000 m long by 400 m wide and currently extends to a depth of approximately 300 m. Strong copper and gold grades occur in the system highlighted by hole LL04-03 which returned an interval of 158 m grading 0.41% copper and 0.40 g/t gold starting at 53.5 m [...]

CANEX Metals Inc. is pleased to announce surface sampling results from the Gold Range Project in Arizona. Gold Range Surface Exploration CANEX successfully completed a surface exploration program at the Gold Range Project in Arizona in March, collecting 151 surface rock and soil samples from across the property with detailed mapping completed at the growing WestGold target. New areas of mineralization were identified [...]

CANEX Metals Inc. announces that further to its news release dated March 5, 2024, it has received TSX Venture Exchange approval for the option of the Louise copper-gold porphyry deposit in British Columbia and a surface mapping and sampling program at the Gold Range Project in Arizona has been successfully completed. Louise Option Approved The Company is pleased to announce the Exchange has approved the terms of the [...]

CANEX Metals Inc. and its 100% owned Arizona subsidiary CANEXCO Inc. are pleased to announce that an exploration permit amendment has been accepted for the Gold Range Project, Arizona, and a surface exploration program will commence in March. Highlights An amended exploration permit has been accepted for the Gold Range Project allowing additional drill pads at the new WestGold discovery. A surface exploration program at [...]