Business
ATEX Resources Announces Grant of Incentive Stock Options and Restricted Share Units
Toronto, Ontario--(Newsfile Corp. - October 28, 2024) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce that in accordance with
About this update from Atex Resources Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - October 28, 2024) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce that in accordance with its Stock Option Plan, it has granted an aggregate of 2,290,870 incentive stock options to employees of which 1,474,650 have been granted to officers. Each option entitles the holder to acquire one ATEX common share at an exercise price of $1.63 over a period of five years. In addition, 422,098 restricted share units (\"RSU\") have been granted to directors of the Company and will vest on the date of termination of his or her membership on the Board. The RSUs were granted in accordance with the Company's Restricted Share Unit Plan. About ATEX ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol (Filo Mining), Josemaria (Lundin Mining), Los Helados (NGEX Minerals/JX Nippon), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold). The Valeriano Project hosts a large copper gold porphyry mineral resource: 1.41 billion tonnes at 0.67% CuEq (0.50% Cu, 0.20 g/t Au, 0.96 g/t Ag and 63.80 g/t Mo), which includes a higher-grade core totaling 200 million tonnes at 0.84% CuEq (0.62% Cu, 0.29 g/t Au 1.25 g/t Ag and 55.7 g/t Mo), as reported by ATEX on September 12, 20231. For further information, please contact: Ben Pullinger,President and CEO Email: [email protected] Aman Atwal,Vice President, Business Development and Investor RelationsEmail: [email protected] 1-647-398-9405or visit ATEX's website at www.atexresources.com. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, including predictions, projections, and forecasts. Often, but not always, forward-looking statements can be identified by the use of words such as \"plans\", \"planning\", \"expects\" or \"does not expect\", \"continues\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"potential\", \"anticipates\", \"does not anticip...