InvestSMART

PolarX Limited (ASX:PXX)

ALERT: Price-sensitive ASX Announcement for PXX
Current share price for PXX : $0.017 -0.003 (-15%)+
Announcement
Release
30 Apr 2026 1:41PM
Price at Release
$0.020
Full Release
download
Summary
PolarX Limited has announced that the Alaska Range Joint Venture, in collaboration with Northern Star Resources Limited, received a US$6 million contribution, equivalent to approximately A$8.5 million. This investment increases Northern Star's stake in the joint venture to 30% and fully funds the 2026 exploration program, valued at US$6.9 million. The exploration activities, anticipated to commence in mid-June 2026, represent the largest exploration season undertaken by PolarX.
Key Points
  • PolarX Limited and Northern Star Resources are partners in the Alaska Range Joint Venture.
  • Northern Star has contributed US$6 million as part of the joint venture agreement.
  • Northern Star's interest in the joint venture has increased to 30%.
  • The US$6.9 million exploration program for 2026 is fully funded.
  • Field activities are expected to begin in mid-June 2026.
  • This marks the largest exploration season for PolarX.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.