Alex Metals (TSX-V:ALX) has commenced trading on the TSX Venture Exchange following the completion of C$16.1 million ($16.09 million) in go-public financings.
The company’s common shares listed on 22 September 2026 under the ticker symbol ‘ALX’ but were immediately halted pending the closing of an additional private placement.
Trading is expected to resume on 25 September 2026.
Concurrently, Alex Metals closed a non-brokered private placement of 5.5 million common shares at C$0.70 per share to raise gross proceeds of C$3.9 million.
President and CEO Gwen Preston says Alex Metals is coming to trade near the end of its first field season. The company drilled four targets across two projects while completing geophysics, mapping, and sampling across its Southeast Alaska portfolio.
“In a mining market looking for buildable deposits that can generate strong returns, [Volcanic Massive Sulphide] projects are attracting attention and I am excited to see what Alex Metals can deliver in the near and long term with our strong technical team, promising projects in a resource-functional jurisdiction and drive for discovery,” Preston says.
Net proceeds from the private placement are earmarked for exploration across the company’s mineral properties and general working capital.
Additionally, Alex Metals granted 3.35 million stock options to directors, officers, employees, and consultants at an exercise price of C$0.70 per share, exercisable over five years.
All securities issued under the private placement are subject to a four-month hold period under Canadian securities laws.
Alex Metals is an explorer primarily focused on its gold-silver-zinc-copper projects in Southeast Alaska, US.
Write to Paula Fabe at Mining.com.au
Main image: Alex Metals
