PTX Metals Inc. Announces Strategic Corporate Actions Involving Green Canada Corporation and MAACKK Capital Corp.

PTX Metals Inc. (TSXV: PTX) disclosed a series of corporate developments that underscore its ongoing strategy to consolidate and streamline its operations within the platinum group elements sector. The announcements, made in early March 2026, involve a proposed reverse takeover (RTO) between Green Canada Corporation (GCC) and MAACKK Capital Corp. (MAACKK), as well as significant updates to equity holdings and mineral rights acquisitions.

Reverse Takeover of MAACKK by GCC

The core of the announced activity is a proposed reverse takeover in which the security holders of GCC will acquire MAACKK. The transaction is structured to amalgamate GCC with a wholly‑owned subsidiary of MAACKK, resulting in a new entity that will be listed on the TSX Venture Exchange. The amalgamation agreement received approval from both GCC and MAACKK shareholders in late February 2026. Key shareholder resolutions included:

  • GCC: Approval of the amalgamation agreement and ratification of all corporate actions taken by GCC directors since its incorporation.
  • MAACKK: Approval of the continuation of MAACKK’s corporate existence in Ontario, consolidation of shares on a 6.25 to 1 ratio, and a name change to Green Canada Uranium Corp. Additional measures included the election of a new board, adoption of new by‑laws, approval of an omnibus plan, and appointment of Baker Tilly WM LLP as auditors.

The RTO is contingent upon the closing of the amalgamation agreement and the completion of all regulatory and shareholder approvals.

Equity Holding Updates

PTX Metals’ equity holdings in GCC and MAACKK have been updated to reflect the new corporate structure. These holdings are part of PTX’s broader strategy to maintain a concentrated portfolio of entities involved in the exploration and development of platinum group elements. The updates were released concurrently with the RTO announcement to ensure transparency for PTX shareholders and market participants.

In addition to the RTO, GCC entered into a definitive mineral rights purchase and sale agreement with Basin Energy Limited (ASX: BSN) on February 25, 2026. The agreement concerns Basin Energy’s 100 % interest in the “Marshall Project” mineral claims located in the Athabasca Basin, Saskatchewan. Key components of the agreement include:

  • Operator Agreement: Upon closing, CanAlaska Uranium Ltd. (TSXV: CVV) will act as the operator to conduct the initial work program for the Marshall Project.
  • Exclusivity Agreement: GCC will receive a nine‑month exclusivity period to perform due diligence and negotiate an earn‑in option to acquire up to 51 % of the North Millennium joint venture between CanAlaska and Basin Energy.

The completion of the Marshall Acquisition is conditioned on the successful closing of the proposed RTO, linking the two transactions strategically.

Private Placement Activity

GCC also completed additional tranches of a non‑brokered private placement, issuing 1,762,730 new common shares. This financing activity supports the company’s capital structure and provides liquidity for ongoing exploration activities.

Market Context

The most recent trading session saw PTX Metals’ share price at CAD 0.155, within a 52‑week range of CAD 0.085 to CAD 0.245. The company’s market capitalization stands at approximately CAD 27.92 million, and its price‑earnings ratio is negative at –5.44, reflecting the exploratory nature of its operations. As a Canadian materials company focused on platinum group elements, PTX Metals operates within a highly specialized niche, and its corporate actions are intended to enhance operational efficiency and access to capital.

Conclusion

PTX Metals Inc. has outlined a coordinated set of corporate actions that include a reverse takeover with GCC, equity holding updates, a significant mineral rights acquisition involving Basin Energy, and a private placement to bolster its capital base. These measures align with the company’s strategic objective of consolidating its position in the platinum group elements market while securing the necessary resources for future exploration and development activities.