- Business
- CANEX Metals Inc. is a Canadian junior exploration company focused on the acquisition, exploration, and development of mineral properties primarily targeting gold, copper, and silver deposits in North America; its principal projects include the Gold Range oxide-gold project in Mohave County, Arizona, featuring multiple bulk-tonnage heap-leach targets such as Excelsior, Eldorado, Malco, Central, Shaft, and WestGold zones with significant drill intercepts like 1.6 g/t gold over 35.1 metres and 2.2 g/t gold over 24.4 metres, all remaining open along strike and to depth; the Louise Copper-Gold Porphyry deposit in British Columbia, hosting a large historic resource with limited prior deep exploration and recent identification of two new high-priority drill targets via a May-June 2025 induced polarization survey; and the Gibson Property in British Columbia, which returned high-grade results including 11.9 g/t gold and 301 g/t silver over 1 metre. The company, founded in 1971 and headquartered in Calgary, Alberta, operates in Canada and the United States through a portfolio of 261 lode claims and mineral patents at Gold Range, alongside interests in its other properties. In 2025, CANEX formally commenced an all-share takeover offer for Gold Basin Resources Corporation to consolidate a prospective oxide-gold district in northern Arizona, providing Gold Basin shareholders with 0.592 CANEX shares per share and exposure to CANEX's projects including Louise, with the offer expiring December 12, 2025.