ATEX Resources Inc.
ECRTF
Other OTC1.77
USD
+0.03
- -
ATEX Resources Inc.
ECRTF
(Other OTC)
Recent
price
1.77
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- ATEX Resources Inc. is a Canada-based minerals exploration company focused on the acquisition, exploration, and development of copper-gold porphyry properties in South America. The company holds 100% interest in its flagship Valeriano Copper-Gold Project, covering approximately 3,795 hectares in Chile's Atacama Region within the emerging Link Belt district; this project hosts an Indicated Mineral Resource of 475 million tonnes at 0.88% CuEq (0.58% Cu, 0.25 g/t Au, 1.39 g/t Ag, 70.4 g/t Mo) and an Inferred Resource of 1,511 million tonnes at 0.75% CuEq (0.50% Cu, 0.20 g/t Au, 1.16 g/t Ag, 70.6 g/t Mo), both at a 0.35% Cu cutoff, as reported in September 2025; exploration activities include resource delineation drilling, geophysical surveys, metallurgical studies, and expansion targeting high-grade corridors underlying a near-surface oxide gold deposit. ATEX conducts systematic drilling programs, such as Phase V and Phase VI, aimed at upgrading resource confidence, expanding the deposit, and de-risking the project through engineering studies; the company also pursues additional exploration targets via hyperspectral anomalies and regional staking. Operations center on Chile, with historical interests in Colombia, targeting large-scale porphyry systems in a district neighboring projects like Filo del Sol, Josemaria, Lunahuasi, La Fortuna, and El Encierro. Founded in 1981 and headquartered in Toronto, Ontario at 1001-360 Bay Street, ATEX Resources Inc. (formerly Colombia Crest Gold Corp., renamed in February 2019) employs a lean team of approximately three professionals led by President and CEO Ben Pullinger. In late 2024, ATEX secured a US$40 million strategic investment from Agnico Eagle Mines Limited via a non-brokered private placement, establishing Agnico as the largest cornerstone shareholder with C$55 million exposure and providing capital for drilling and studies through 2025. In November 2025, the company closed an upsized C$110 million bought deal financing (42.3 million units at C$2.60), led by BMO Capital Markets and Desjardins, to fund Valeriano advancement and working capital, with significant insider participation. In September 2025, ATEX signed a binding agreement to acquire 14,550 hectares of strategic surface rights and water use rights for US$21 million, covering Valeriano and extending into neighboring El Encierro and Torrente projects, eliminating annual access fees, reducing permitting risks, and enabling infrastructure development; concurrently, it staked over 12,000 hectares in new Juno and Nueva claims, expanding its total footprint 300%+ to 16,515 hectares and targeting new discoveries. These moves enhance collaboration opportunities in the district, secure long-term access, and position ATEX for district-scale growth.
ATEX Resources (OTCMKTS:ECRTF) Shares Up 1.1% – Here’s Why
ATEX Resources (OTCMKTS:ECRTF) Shares Up 14.5% – What’s Next?
ATEX Resources (OTCMKTS:ECRTF) Shares Up 3.6% – What’s Next?
Atex Acquires Strategic 14,550 Hectare Surface Rights Package
ATEX Reports Updated Mineral Resource Estimate of 475 Million Tonnes of 0.88% CuEq Indicated and 1.5 Billion Tonnes of 0.75% CuEq Inferred
ATEX Commences Trading on the OTCQB in the United States
ATEX Announces Grant of Stock Options and RSUs