Platinex Inc. (CSE:PTX) will soon be known as PTX Metals Inc to reflect its heightened focus on gold, copper-nickel-PGE projects.
The company said Monday that the name change will take effect in February 2024.
Also on Monday, the Toronto-based resource company announced the addition of Rajesh Sharma to its Board of Directors.
Sharma, currently serving as the President and CEO of Fancamp Exploration, joins as a nominee director through the Shareholder Agreement dated March 13, 2023, between Platinex and Fancamp.
With an extensive background in metals, mining, mineral exploration, Sharma’s track record includes leading large-scale mining start-ups, managing investments and acquisitions, fostering stakeholder partnerships, and serving on the boards of publicly listed mineral exploration and mining companies.
Furthermore, Platinex said that shareholders have voted in favor of reapproving the company's stock option plan. The company is set to grant a total of 6,675,000 stock options to directors, officers, the technical team, and consultants. Priced at $0.05 per share, the options have a three-year term from the date of grant.