CANEX Metals publishes MD&A for six months ended March 31, 2026

CANNAWAKE CORPORATION

CANNAWAKE CORPORATION

CANX

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  • CANEX Metals published its MD&A for the six months ended March 31, 2026, centered on consolidating the Gold Range district in Arizona.
  • Entered an arrangement agreement to buy the remaining 48.13% of Gold Basin; expects to issue 38,505,033 shares; targets a June 2026 close.
  • Agreed to a senior secured term loan to Gold Basin of up to CAD 900,000 at RBC prime + 5% for six months; definitive terms pending.
  • Gold Basin settled a disputed loan by paying USD 217,367.40; CANEX advanced funds to support the settlement.
  • Liquidity update: cash of CAD 2 million; working capital of CAD 451,885; net loss of CAD 867,307.


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