Minerals Technologies Inc. and Metalex Ventures Ltd.: Trading Resumption and Exploration Updates
On June 23, 2025, significant developments occurred concerning Metalex Ventures Ltd., a company with ties to Minerals Technologies Inc., a U.S.-based organization specializing in performance-enhancing minerals and mineral-based products. These developments were primarily centered around trading activities and exploration updates.
Trading Resumption
Trading for Metalex Ventures Ltd. (TSX-Venture Symbol: MTX) resumed on June 23, 2025, at 2:00 PM ET. This resumption followed a temporary trading halt imposed by the Canadian Investment Regulatory Organization (CIRO). The halt, which began at 11:19 AM ET, was due to pending news. CIRO, the national self-regulatory organization overseeing investment dealers and trading activities in Canada, implemented the halt to ensure a fair and orderly market.
Exploration Update
In addition to the trading resumption, Metalex Ventures Ltd. provided an update on its drilling activities at the 100% owned B3 claim block in Quebec. The company reported intersecting sulphides within a magmatic gneiss during drilling at target O. The sulphides, predominantly pyrite and pyrrhotite with traces of arsenopyrite, were found in a steeply-dipping, wide conductive zone associated with a strong magnetic anomaly.
Minerals Technologies Inc. Overview
Minerals Technologies Inc., listed on the New York Stock Exchange, operates in the Chemicals sector within the broader Materials industry. As of June 19, 2025, the company’s close price was $53.29, with a 52-week high of $90.3 and a low of $49.54. The company has a market capitalization of $1.71 billion USD. Notably, the price-to-earnings ratio stands at -69.62, indicating significant financial challenges or losses.
These updates highlight the dynamic nature of trading activities and exploration efforts within the minerals sector, reflecting both regulatory actions and ongoing operational developments.