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PolarX Ltd ( (AU:PXX) ) has shared an announcement.
PolarX has confirmed that its Alaska Range Joint Venture with Northern Star Resources has now received the full US$6 million (about A$8.5 million) earn-in contribution from Northern Star, increasing Northern Star’s stake in the joint venture to 30 percent. The funding, combined with existing joint venture cash, fully covers a planned US$6.9 million exploration program for 2026, slated to begin around mid-June, marking the largest exploration season undertaken by PolarX and underscoring a significant scaling-up of activity at its Alaskan projects.
More about PolarX Ltd
PolarX Limited is an Australia-based mineral exploration company focused on copper and related metals, with its key assets located in the Alaska Range of the U.S. The Alaska Range Project comprises the Caribou Dome Copper, Senator and Stellar projects, positioning PolarX within the North American copper exploration space through an incorporated joint venture structure.
Average Trading Volume: 3,352,071
Technical Sentiment Signal: Buy
Current Market Cap: A$57.23M
Find detailed analytics on PXX stock on TipRanks’ Stock Analysis page.