During the last PDAC, CEO Greg Ferron of Platinex (PTX:CSE)(9PX:FRA) was busy working with the regulators, Fancamp and investors to close the South Timmins JV and the C$2.5M financing as soon as possible. As there were lots of moving parts at work, CEO Ferron preferred to come out with all relevant news at once, but as the first tranche (C$1.25M) of the financing closed on March 10, 2023, 2 weeks after the intended (and disclosed) closing date but before the Fancamp transaction could be closed, separate news releases had to be announced.

After acquiring the Muskrat Dam Critical Minerals project in Ontario, with a focus on the extremely hot metal lithium, it was good to see Platinex (PTX:CSE)(9PX:FRA) bringing in Fancamp Exploration (FNC.V) as a partner for the Shining Tree gold project in the same state, as it had 3 district-scale exploration projects in its portfolio by then, which is a bit much for the average C$8-10M market cap.

After adding more claims to the highly prospective and strategically located district-scale Shining Tree Gold project and W2 Copper-Nickel-PGE project, both located in mining-friendly Ontario, Platinex Inc (PTX:CSE)(9PX:FRA) decided to expand their horizon, and acquired the Muskrat Dam Critical Minerals project, also located in Ontario.