ATEX Resources Completes Increased Bought Deal Financing, Raising C$110 Million in Gross Proceeds

Financing Details: ATEX Resources Inc. has successfully closed an upsized bought deal financing, raising approximately C$110 million through the sale of 42,262,500 units at C$2.60 each, with each unit consisting of one common share and one warrant.

Use of Proceeds: The net proceeds from the offering will be allocated for the exploration and development of the Valeriano Project, as well as for general working capital purposes.

Insider Participation: Certain insiders of ATEX subscribed for 9,500,000 units, which is classified as a related party transaction, but the company is exempt from formal valuation and minority shareholder approval requirements.

Project Overview: The Valeriano Project, located in Chile's emerging copper-gold porphyry mineral belt, hosts significant mineral resources, including an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1.51 billion tonnes at 0.75% CuEq.