JUNIORMETRICS
Gold$4,479.95/oz
Silver$66.98/oz
Copper$6.00/lb

CANEX Metals Inc.

CANX·$0.25·$30M cap
Goldalso:Gold Range / Gold Basin (Mohave County, Arizona, USA) Map

CANEX Metals Inc. (TSXV:CANX) is a gold exploration company advancing its 100%-owned Gold Range Project in Mohave County, northern Arizona, USA, which hosts several near-surface bulk-tonnage gold discoveries across a 4 km mineralized trend and has seen over 900 historic and current drill holes. In June 2026 CANEX completed a plan of arrangement acquiring 100% of the adjacent Gold Basin Resources Corporation, consolidating the contiguous Gold Range and Gold Basin land package. An independent NI 43-101 technical report (geology and exploration review) has been filed on SEDAR+ for Gold Range, though no current mineral resource estimate has been published. CANEX also holds the Louise Copper-Gold Porphyry Project in British Columbia, Canada, hosting a large historic (non-NI-43-101-compliant) copper-gold resource with limited modern deep/lateral exploration.

Notable vs. Peers

  • Trading within 1% of its 52-week high — strong recent price momentum.

Lifecycle Milestones

GrassrootsCurrent
Resource Def.
PEA
PFS
Feasibility
Permitting
Construction
Production
9.7/10
Weak track recordStrong track record
Thin runwayWell-capitalized
9/10
High riskLow risk
How this is calculated
Not enough info
Weaker depositStronger deposit
9.4/10
Weaker profileStronger profile
Price Chart
$0.065$0.072$0.194$0.179$0.253AugNovFebJunSep
Aug 12, 2025Sep 4, 2026
Stage changeNews
$0.25
+403.5%from low-0.7%from high
$0.05$0.25
$30M
Far belowFar above
$29.1M median
Price (USD - Local)
$0.25 - CAD 0.35
Cash Position (USD)
This company's data hasn't been researched yet
Debt (USD)
This company's data hasn't been researched yet
$30M
Far belowFar above
$26.9M median
208.9M
Far aboveFar below
172.1M median
Jurisdiction
United States
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
N/A -- exploration/resource-definition stage, no active mine
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
11.7%
0%100%
19.3% median
This company's data hasn't been researched yet
169 kmfrom Freeport-McMoRan Inc.'s Bagdad
Outside typical bolt-on range
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Acquisition Susceptibility
2.9/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.

Overall Score Trend
+0% since 2026-08-26

Your Rankings

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Management Team

President and Director of Surge Copper Corp., and concurrently President, CEO and Director of CANEX Metals Inc. -- both confirmed current per each company's own corporate pages. Also a director of Jade Leader Corp. PhD in Geology from the University of Western Australia (1991-1995); over 30 years of gold, copper and base-metal exploration experience across North America, South America, Australia and Europe, including discovery involvement at the Bahuerachi copper deposit (Mexico), the Viking gold deposit (eastern Canada), and the West Seel Cu-Au porphyry (British Columbia). Registered Professional Geoscientist with APEGBC. Previously President & Director of Tyler Resources Inc. (Task #526 merge; sourced from Surge Copper's and CANEX Metals' own corporate/management pages.)

Vice President and Director of CANEX Metals Inc. Over 30 years in mineral exploration across 15+ countries and four continents. Previously President and Director of Tyler Resources Inc. (2001-2008), acquired by Jinchuan Group Ltd. for C$214 million. Currently also President and Director of Jade Leader Corp.

Chief Financial Officer and Corporate Secretary of Surge Copper Corp. Holds an accounting degree and CPA certification; 10 years of experience working in the public sector and serves as an officer of another public company.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
2/10

U.S. Global Investors' World Precious Minerals Fund, a real specialist gold-sector fund, holds a small 1.20% stake. Director Blair Schultz bought 55,000 shares on the open market in December 2025 -- a genuine, clean insider purchase with no offsetting selling found. No producer or strategic corporate backer is on record.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Gold Range / Gold Basin (Mohave County, Arizona): no formal NI 43-101 mineral resource estimate has been published for either property. CANEX completed 100% acquisition of Gold Basin Resources Corp on 10 Jun 2026 (controlling interest acquired 10 Feb 2026) and is now consolidating the two adjacent oxide-gold properties (combined >8km mineralized trend, 950+ historic/current drill holes) toward a maiden resource; a maiden MRE had not been delivered as of this pass (18 Aug 2026). ouncesFound left null -- genuinely no compliant resource exists yet. FLAG: worth a human recheck of the RESOURCE_DEFINITION stage tag given no MRE has ever been filed (out of scope to change here). [Task #317 stage correction, 2026-08-18]: Independent re-verification (WebSearch, 2026-08-18) confirms no NI 43-101 mineral resource estimate has been published for Gold Range, Gold Basin, or the Louise Copper-Gold Porphyry project (whose only figure is a large historic, non-compliant estimate, per this row's own pre-existing description). The prior FLAG above is resolved: stage corrected RESOURCE_DEFINITION -> GRASSROOTS.

No reports or presentations linked yet.