- CEO
- Chad Stanley Ulansky
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 203-1634 Harvey Avenue Kelowna BC Canada V1Y 6G2
- IPO Date
- Jun 20, 1995
- Business
- Cantex Mine Development Corp. is a Canada-based exploration-stage company engaged in the acquisition, exploration, and development of mineral properties targeting commercial deposits of base and precious metals. The company focuses primarily on its 100%-owned North Rackla Project in the Yukon Territory, Canada, comprising 1,075 claims spanning over 20,000 hectares approximately 100 kilometers northeast of Mayo, where over 60,000 meters of drilling have delineated high-grade silver-lead-zinc-germanium massive sulphide mineralization along a 2.3-kilometer strike length and up to 700 meters depth; it also holds 100% interests in four gold exploration properties in Nevada, USA, and two advanced projects in Yemen, including Al Hariqah (gold) and Al Masna (nickel, copper, cobalt), with the latter under force majeure. Additional properties include copper-gold-germanium and base metal targets within North Rackla, such as areas with historical intersections up to 7.32% copper and recent drilling results up to 25.07% lead-zinc with 72 grams per tonne silver. Founded prior to its TSX Venture Exchange listing under ticker CD.V (OTCQB: CTXDF) and headquartered in Kelowna, British Columbia, Cantex operates across Canada, the United States, and Yemen, targeting institutional and retail investors in the junior mining sector. In 2025, the company closed an oversubscribed private placement raising approximately $5.28 million, led by increased investments from Crescat Capital and Rob McEwen, to fund its ongoing summer drill program expanding massive sulphide mineralization at North Rackla and testing high-grade copper targets; earlier in July 2025, it upsized the placement to $5 million with Crescat's participation, following June 2024 drilling commencement and intersections of copper mineralization on North Rackla's copper-gold project.