ATEX Resources is pursuing the exploration and development of the Valeriano copper and gold deposit located in Chile’s Atacama Region. The company’s core activity is drilling and resource definition work aimed at proving out the project’s economic potential. Proceeds from its latest financing will be allocated to further exploration activities, project development, and general working capital. Management has structured recent capital raises to include common shares and long-dated warrants, providing additional future funding if the share price appreciates. The Valeriano project is considered the company’s flagship asset and the primary focus of its capital program. By securing substantial new funds, ATEX intends to accelerate drilling campaigns and related technical studies that can de-risk the project and move it toward feasibility. The inclusion of acceleration clauses on the warrants underscores management’s confidence in potential near-term share-price appreciation. Overall, ATEX is positioning itself to deliver key exploration milestones over the next several years while maintaining financial flexibility.

Total raised

$62M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2025