Platinex Announces Acquisition of Canadian Uranium Portfolio and Formation of Green Canada Corporation

TORONTO, Oct. 03, 2023 (GLOBE NEWSWIRE) — Platinex Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“ Platinex ” or the “ Company ”) is pleased to announce the creation of Green Canada Corporation (“GCC” or “Green Canada”) an unlisted subsidiary of Platinex. Concurrently, Platinex and GCC have entered into a binding letter of intent with International Prospect Ventures Inc. (“International Prospect Ventures”) (TSX-V: IZZ) to acquire a portfolio of exploration-stage uranium projects located in top jurisdictions in Canada (the “Uranium Portfolio”). Platinex has also assigned its option agreement on the Muskrat Dam Critical Minerals Project (“Muskrat Dam Project”) with Springer Mineral Resources Corporation (“Springer”) to GCC.

Platinex shareholders will participate as direct shareholders of GCC providing them with exposure to uranium and other critical minerals as Canada begins to experience increased global interest and investment in mineral exploration driven by the green energy transition. GCC is strategically positioned with an […]

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