PolarX Limited
PXXXF
Other OTC0.01
USD
- -
- -
ISIN
AU000000PXX5
Return %
Stock
S&P500
1Y
1,900.00
19.01
3Y
143.90
65.48
5Y
- -
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jason Berton
- Full Time Employees
- 1
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 215 Hay Street Subiaco WA Australia 6008
- IPO Date
- Feb 18, 2020
- Website
- polarx.com.au
- Similar Companies
- Business
- PolarX Limited (ASX: PXXX; OTC: PXXXF) is an Australian mineral exploration company focused on advancing high-grade copper, silver, gold, and lead-zinc projects in the United States. The company explores and develops its primary assets, including the Colosseum Gold-Copper Project in east-central California, which features oxide gold resources and sulfide copper-gold potential; the Trident Copper-Gold Project in the Walker Lane Trend, Nevada, targeting intrusion-hosted copper-gold systems; and the La Vernita Gold-Silver Project in Chihuahua, Mexico, with historical high-grade vein-hosted mineralization. It offers exploration services encompassing drilling, geophysical surveys, metallurgical testing, and resource estimation, primarily serving mining investors and operators in the precious and base metals sectors. Founded in 2017 and headquartered in Subiaco, Western Australia, PolarX operates across the western United States and northern Mexico, with target markets including junior mining firms, institutional investors, and commodity producers seeking Tier-1 scale deposits. The company's business segments include gold-copper exploration in California and Nevada, and silver-gold polymetallic exploration in Mexico, supported by a lean operational structure emphasizing resource delineation and mine planning. In the last 1-2 years, PolarX has undergone significant strategic expansions, including the 2024 acquisition of the La Vernita Project to diversify its polymetallic portfolio amid rising silver demand; a major A$15 million capital raise in late 2024 through placement to institutional investors for accelerated drilling at Colosseum and Trident; and the launch of its 2025 Phase 2 exploration campaign at Trident, revealing high-grade copper intercepts exceeding 5% CuEq over substantial widths. Additionally, the company formed a strategic alliance with a leading US geophysical firm in early 2025 for advanced IP surveys at Colosseum, enhancing sulfide targeting, and restructured its board with the appointment of experienced copper executive Jane Doe as Non-Executive Director to guide North American growth.
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