PPX Mining Closes Oversubscribed Private Placement

PPX Mining Corp. has successfully closed its non-brokered private placement, which was oversubscribed, resulting in gross proceeds of $802,303. Initially announced on March 20, 2025, the offering comprised 17,828,945 units priced at $0.045 each. Each unit includes one common share and one warrant, enabling the holder to acquire a share at $0.07 until May 5, 2027.

The proceeds are allocated for exploration at Mina Callanquitas and to bolster working capital. Additionally, 572,096 Finder's Units were issued to independent finders, who received no monetary compensation. These Finder's Units share the same structure as the regular ones.

The securities from this offering are subject to a hold period expiring on September 6, 2025, pending TSX Venture Exchange approval. Notably, several insiders participated, without significant change in their overall ownership percentage.