06/15/2026
News Release:
PTX Metals Reports Strong Initial Metallurgical Results At W2 Copper-Nickel-PGE Project
Highlights:
~ First known metallurgical testing on W2 mineralization completed at SGS Lakefield
~ Copper recoveries ranged from 97% at 8.4% Cu grade to 92% at 28% Cu grade
~ Palladium and gold upgraded by 21X and 16X respectively to the final copper concentrate
~ Locked cycle testing planned as a next step in metallurgical testing.
Greg Ferron, President and CEO said, "These initial metallurgical results represent an important milestone in advancing our understanding of W2. The ability to achieve strong copper recoveries and produce a high-grade concentrate through initial testing provides encouraging validation of the project. This work will be used to define the exploration strategies for the W2 project while we continue to search for higher grade zones within the bulk tonnage, mineralized envelope in the 2026 exploration season. We look forward to continuing testwork with the goal of further enhancing precious metal recoveries and completing the necessary confirmatory locked cycle test. Further as the company completes additional exploration drilling testing our new geological model and the potential discovery of new mineralization occurs additional metallurgical testing will be completed."
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