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ATEX Resources Inc ( (TSE:ATX) ) has provided an update.
ATEX Resources Inc. has achieved significant milestones in 2024, including an updated geological interpretation of the Valeriano Project, robust copper and gold recoveries, and securing a new equity partner, Agnico Eagle Mines, which invested C$55 million. This investment has strengthened ATEX’s balance sheet, allowing the company to fully own the Valeriano Project and enhancing its management and board. In 2025, ATEX plans to intensify its exploration activities with five operational rigs at Valeriano, aiming to expand the mineralized footprint and update the geological model and mineral resource estimate by the second half of the year. This will potentially elevate the current Inferred Mineral Resource to an Indicated Resource category, further solidifying the company’s position in the mining sector.
More about ATEX Resources Inc
ATEX Resources Inc. is involved in the mining industry, focusing on copper and gold exploration. Their primary project is the Valeriano Copper Gold Project located in the Atacama Region, Chile.
YTD Price Performance: 0.66%
Average Trading Volume: 293,207
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$413.9M
See more data about ATX stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
