PPX Mining Corp. Announces Private Placement Worth C$1.495 Million

PPX Mining Corp., a mining company listed on the TSX Venture Exchange, has announced a private placement for gross proceeds of up to C$1,495,000. The offering will involve the sale of 13,000,000 units at C$0.115 per unit, each consisting of one common share and one share purchase warrant. Warrants enable the purchase of one common share at C$0.14 for 24 months post-closing.

Proceeds will fund further exploration at Mina Callanquitas and support working capital. The closing is anticipated around September 30, 2025, pending formal documentation and regulatory approvals. Shares and warrants issued within four months of the closing will have a hold period under Canadian law.