ATEX Resources Inc

ATX

ATEX Resources Inc. engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano copper gold project, which is located in the Chile's prolific El Indio Mineral Belt. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc. in February 2019. ATEX Resources Inc. was incorporated in 1981 and is based in Toronto, Canada.

Score

—

Data Quality

N/A

Market Cap

N/A

Total valuation

Stock Price

N/A

Latest close

Free Cash Flow

N/A

Annual

Financial Position

N/A

Cash position

PEG Ratio

ⓘ

N/A

P/E ÷ growth

Analysis

Subscribe to see the AI Analysis

Score breakdown, criteria, red flags, bull/base/bear scenarios.

Financials

Subscribe to see Financials

Cash flow, balance sheet, valuation metrics, share structure.

Asset Pipeline

Subscribe to see the Asset Pipeline

Jurisdiction exposure, project portfolio, cost structure.

Information

Key Information

Legal Entity

ATEX Resources Inc

Sector

Precious Metal

Founded

August 8, 1996

Reporting Currency

CAD

Website

www.atexresources.com

Headquarters Address

25 Adelaide Street East , Toronto , ON M5C 3A1 , CA

Identifiers

ISIN

CA04681A1057

Commodity Portfolio

CU Copper Primary

AU Gold Byproduct

Stock Exchanges

ATX TSX • CAD

ATX:TSE

ATX TSXV • CAD

ATX:CVE

ATXRF OTC • USD

ATXRF:OTCMKTS

Organization

Subscribe to see Organization

Management team and industry partnerships.

Chart

Loading chart...

Interactive chart powered by TradingView. Use the chart tools to analyze price trends.

Videos

Live Q&A with Rick Rule and Steve Barton

Rule Investment Media

2 months ago

Key Highlights

brief

Rule names ATEX as one of Pierre Lassonde's value-creating successes alongside Orla, and also as one of the development-stage copper stories (alongside Merrimac and Hot Chili) that have done well due to the stronger-than-expected copper price

Rick Rule frames currency debasement and a structural copper deficit as multi-year themes, and treats the uranium pullback as a buying window rather than a topping signal. Two majors as shareholders of a junior like Founders Metals create real auction tension if a discovery is made, plus adult supervision and a tighter effective float. Rule sizes lithium as a processing-bottleneck story, not a raw-material shortage, and flags direct lithium extraction from oil and gas brines as the long-term threat to hard-rock producers. Abitibi 'orphan' deposits such as Emperor Metals can now monetize via nearby mills, removing the capex bar that once left them undeveloped in past cycles. Rule is constructive on Cameco, Origin Royalties, Alamos, Emperor, B2Gold, and Cheniere; he is cautious on lithium juniors and explicitly refuses to time the uranium market.

Trillion-Dollar Mining Stocks, Developer Due Diligence & Stock Picks - Fund Manager Samuel Pelaez

MiningStockEducation.com

3 months ago

Key Highlights

detailed

Pelaez argues ATEX benefits directly from piggyback due diligence: with Agnico Eagle as its largest shareholder, the market assumes the project's issues — including the unresolved water question — will be resolved.
He groups ATEX with Filo and Josemaria as one of the great copper projects in the Andes, but flags water as the one factor that 'isn't solved yet.'
He notes the market is not yet meaningfully penalizing ATEX for the lack of a final water solution, in contrast with a company he says 'maybe' has one and is trading at a 'tremendous discount to underlying value.'
He treats ATEX as evidence that, in a top jurisdiction with a top-tier shareholder, an open permitting question does not yet weigh materially on the valuation.

Long-term commodity cycle drivers remain intact; the gold pullback to 3,900 is a buying opportunity as liquidity broadens from gold into copper and oil. Copper developers with billion-dollar upfront capex are being repriced; only projects with strong shareholder registries attract takeover valuations. M&A is now driven primarily by permitting speed, not project scale; ready-to-build assets get taken out first in hot cycles. Concentration beats diversification in junior mining: cap top positions around 20% of the portfolio and go deep on fewer names instead of holding 70-80 stocks. Policy alignment is essential — never invest against government policy; US FAST 41 and Canadian permitting reforms are tailwinds for domestic critical minerals projects.

Live Q&A with Rick Rule and Albert Lu

Rule Investment Media

3 months ago

Key Highlights

brief

Rick ranks ATEX Resources a 5 and calls it a high-quality copper deposit.
He says if the price keeps falling, the rating will move to a 4 quickly — part of a pattern of falling prices against slowly rising values that he sees as attractive for buyers.

Falling share prices against rising values signal a bargain season; Rule urges investors to pre-build tiered shopping lists before forced selling creates bargains. Mining costs are inflating: consumables rise near 10% compounded versus stated CPI, so AISC (All-In Sustaining Cost — full production cost per ounce) climbs industry-wide. Rule favors uranium's remaining upside after the hated-to-not-hated move, sees a multi-year US natural gas upcycle, and still expects five-to-ten-year metals bull markets. Rule backs B2Gold and OceanaGold at low cashflow multiples, seeing resolved construction problems and quiet Mali diplomacy as mispriced strengths supporting further gold-sector M&A. Ivanhoe Mines offers compelling value for DRC-risk takers as Kamoa-Kakula repairs, a new smelter, and two more tier-one deposits reshape 2027 cashflow.

ATEX Resources: New Emerging Copper District in Chile | Chris Beer and Jimmy Connor

Jimmy Connor

4 months ago 25:15

Key Highlights

detailed

The 2025 Valeriano resource stands at 2 billion tons at 0.8% copper equivalent (about 20Mt CuEq and 15Moz gold in situ), with the guest framing the grade as roughly twice the global copper-gold porphyry average of about 0.4%.
The guest argues ATEX has made one of the largest copper discoveries in Chile in over a decade, with the market cap rising from about $35M in early 2022 to over $1B at the time of recording.
The high-grade B2B breccia, sitting 500m above the main porphyry, has expanded to about 700m of strike this season, with hole 34 returning 1,100m of 0.72% CuEq in surrounding rhyolite wall rock and the zone open to the south, east, and southeast.
The treasury holds about $150M in cash plus roughly $140M of potential warrant proceeds (stock around $3-$4 at the time of recording), which the guest says is enough to fund about two more years of exploration.
The recently acquired Nuevo Horizonte property (10,000 hectares added in January) plus 14,000 hectares of surface rights give ATEX at least four untested porphyry targets in the district, with first drilling on Nuevo Horizonte targeted for 2027.

ATEX has grown Valeriano to 2 billion tonnes at 0.8% CuEq, located in the Atacama copper belt that already produces 25% of global supply. Hole 19A stepped 200 metres south and stayed in mineralization, extending the high-grade B2B breccia to roughly 700 metres of strike. Clean initial metallurgy delivered 94-95% recoveries, a 33% copper concentrate, and no deleterious elements like arsenic. Agnico Eagle holds 15% and Pierre Lassonde 10%, backing a $150 million treasury that funds two more years of drilling. An updated resource is targeted for fall 2027, alongside first drilling at the newly acquired Nuevo Horizonte porphyry cluster.

ATEX Resources is Defining a Copper Gold District in Chile

CEO.CA

4 months ago 9:22

Key Highlights

detailed

The guest says the Valeriano deposit holds roughly 2 billion tons at about 0.75% copper equivalent, close to twice the global average grade for copper-gold porphyries, with 66% of the mineralization coming from copper and the balance gold and silver.
The land package now stands at 25,000 hectares, or about 250 square kilometers and four times the size of Manhattan, after acquiring 14,000 hectares at auction in January that the guest says add two prospective porphyry systems right at surface to be evaluated over the next 12 to 18 months.
Recent drilling extended the B2B breccia zone strike from 400 meters to over 700 meters, and a new zone was found to the east of it, with the first hole returning almost a kilometer at 0.72% copper equivalent and hole 35 returning 400 meters at 0.54% copper equivalent.
Two rounds of metallurgical work show 33% copper recoveries against a global average of 24%, gold of roughly 16 grams per tonne versus a global average of a couple of grams, and no arsenic or other penalized deleterious elements.
The guest says the company holds about $150 million in cash, enough for roughly two drill programs, and that its shareholder base includes Pierre Lassonde at more than 10% and Agnico Eagle at 15%.

The guest frames ATEX's Chilean ground as 67 years behind the Vicuña district, where Filo and NGX spent decades proving a system. The Valeriano resource is roughly 2 billion tons at 0.75% copper equivalent — a blended grade carrying copper, gold and silver together. Metallurgical testing shows 33% copper recovery — the share of metal actually extracted — against a 24% global average, with no arsenic penalties. A $150 million cash balance covers about two drill programs, with Pierre Lassonde above 10% and Agnico Eagle at 15%. Next 90 days means starting the Phase 7 program, running geophysics, and putting the first drill holes into the newly acquired Nuevo Horizonte ground.

FREE Master Class on Investing in Copper and Copper Stocks | Jimmy Connor

Jimmy Connor

4 months ago 3:44:24

Key Highlights

detailed

Chris Beer (interim CEO) calls the B2B breccia one of the largest copper discoveries in Chile in over a decade, noting the first hole hit 174 meters at 2.5% copper.
The Valeriano resource stands at 2 billion tons at 0.8% copper equivalent - twice the global average porphyry grade of 0.4% - with 65% of value in copper and the rest in gold and silver.
Step-out drilling extended the B2B breccia: hole 19A hit 70 meters of 1% copper 200 meters south, and hole 19B continued another 250 meters in porphyry mineralization.
Metallurgy shows 94-95% recoveries with 33% copper concentrate (vs. 24% global average) and 14 grams of gold per ton in concentrate.
ATEX holds $150 million in cash plus $140 million in potential warrants; Agnico owns 15% and Pierre Lassonde 10% of the company.

UBS projects a 520,000-ton copper deficit by 2027 and a $15,000/ton price, framing the supply-demand squeeze that drove this conference. Chile produces roughly a quarter of global copper but output peaked in 2018, as falling ore grades and longer development timelines pressure new supply. AI data centers, EVs (150 lbs vs 50 lbs in gas cars), and renewable build-out are reshaping demand — together already making up 32% of copper use. Major supply disruptions at Cobre Panama, Grasberg, and Kamoa Kakula hit at the same time as demand acceleration, exposing the fragility of the supply base. Eight copper-focused company conversations cover developers (ATEX, Faraday, Highland, Lumina), a tailings processor (Amerigo), a royalty platform (Evolve), and Sprott's physical and ETF vehicles.

Articles

Sort

ATEX Valeriano resource doubles in size and grade; B2B breccia step-outs extend strike 50%

Interim CEO Chris Beer walks through ATEX's Valeriano copper-gold project in Chile: a 2025 resource of 2 billion tonnes at 0.8% CuEq, a high-grade B2B breccia sitting 500m above the main porphyry, step-out drilling that has grown the breccia strike by 50%, and clean metallurgy that the speaker says is 'ringing bells' for suitors.

4 months ago

ATEX Resources: New Emerging Copper District in Chile | Chris Beer and Jimmy Connor

Read article

Want the full picture on more companies?

Explore the Companies Directory Start free

Be one of the first.

A room for resource investors taking shape now — independent, spam-free, no hype.

Join the founding community on Discord