12:06 PM EST, 11/06/2025 (MT Newswires) -- ATEX Resources ( ATXRF ) on Thursday said it closed an upsized bought-deal private placement of share units that raised $110 million, including the full exercise of the underwriters' option.

The company said it sold underwriters 42.3-million units priced at $2.60 apiece and made up of a share and a four-year warrant to buy a share for $4.00.

Proceeds will be used for exploration and development of the Valeriano project and for general working capital needs.

Shares of the company were last seen down $0.02 to $2.39 on the TSX Venture Exchange.

Price: 2.39, Change: -0.02, Percent Change: -0.83