#Canada #Toronto #PTX Metals #Green Canada #Uranium Corp

PTX Metals Completes Transaction with Green Canada Corporation

On September 1, 2026, PTX Metals Inc. (TSXV: PTX, OTCQB: PANXF, Frankfurt: 9PX) announced the successful closure of its previously mentioned transaction with Green Canada Corporation and MAACKK Capital Corp. This pivotal move has resulted in the establishment of a new entity, Green Canada Uranium Corp (GCUC).

Venture Launch

GCUC is anticipated to begin trading on the TSX Venture Exchange under the symbol "GCUC" around September 9, 2026. The company has also successfully acquired a 100% interest in the noteworthy Marshall uranium project located in Saskatchewan's renowned Athabasca Basin. This region is known for its rich deposits, making it a prime target for uranium exploration.

The drilling activities at the Marshall site are set to commence in September, highlighting a proactive approach towards exploring this promising asset. GCUC’s plans are further elaborated upon in the press release issued by the firm, detailing its strategy for the upcoming months.

Strategic Focus Shift for PTX Metals

The completion of this transaction is strategic for PTX Metals, aligning with its objective to maximize value from non-core assets while concurrently reducing associated costs. This focus allows the company to sharpen its attention on its prime assets in Ontario, particularly the W2 Copper-Nickel-PGE Project and the South Timmins gold assets.

President and CEO of PTX Metals, Greg Ferron, expressed optimism about this milestone. “We are pleased to see Green Canada Uranium reach this important milestone. As a separately listed uranium company, PTX retains significant exposure to its future successes for our shareholders. Additionally, this transaction alleviates costs at PTX, allowing our team to concentrate on advancing our crucial Ontario assets,” he stated.

In conjunction with the transaction, PTX will explore tax-efficient strategies concerning its shareholding in GCUC, weighing applicable regulatory, tax, and other specifics. Shareholders and interested investors are encouraged to remain updated on Green Canada Uranium and its exploration activities through the public disclosures and communications released directly from GCUC.

PTX Metals Overview

PTX Metals Inc. is a proud Canadian mineral exploration company leading initiatives in gold and critical mineral projects situated in Northern Ontario. The firm is at the forefront with its W2 copper-nickel-PGE project, close to the novel Ring of Fire, and its commitments to developing its South Timmins gold assets.

The overarching goal of PTX Metals is to advance its project portfolio through methodical exploration techniques, a commitment to technical excellence, and responsible engagement with local communities. The emphasis remains on generating long-term value for shareholders while fostering sustainable mining practices in the region.

This transaction with GCUC illustrates PTX Metals’ dedication to establishing a focused approach to its ventures. With the markets awaiting the launch of GCUC, both investors and stakeholders will be keen to track the progress of this newly established entity in the uranium sector.