Core Insights - Anterix has expanded its collaboration with Qualcomm to enhance the adoption of next-generation connectivity for utilities and critical infrastructure operators across the nation [1][2] - The partnership aims to provide a comprehensive private wireless connectivity platform that supports safer operations, greater resilience, and long-term grid modernization for the utility sector [2][3] Collaboration Details - The collaboration focuses on developing new industrial-grade IoT chipsets specifically optimized for utility use cases, including Qualcomm's Snapdragon SDX35-3 and SDX32-3 IoT Modems, which will enable 4G and 5G connectivity on Anterix's 900 MHz broadband platform [3][4] - Eight utilities have already chosen Anterix-enabled private wireless as the foundation for their next-generation grid connectivity [3] Strategic Importance - The partnership provides utilities with a scalable roadmap to 5G, delivering immediate operational value while supporting long-term network evolution [4] - The collaboration is positioned to future-proof the adoption of private wireless networks, enhancing operational efficiency and resilience in the energy sector [4]

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] Investment Focus - The company has diversified its investments across various sectors including banking, telecommunications, logistics, and hotels, indicating a strategic approach to portfolio management [1] - The entry into the US market in 2020 reflects a growing interest in international investment opportunities, particularly in sectors like banks, hotels, and shipping [1] Market Trends - The popularity of insurance companies in the Philippines since 2014 suggests a shift in investment preferences among local investors, moving towards more diversified financial products [1] - The trend of using platforms like Seeking Alpha for analysis indicates a growing reliance on data-driven investment strategies among investors in both the ASEAN and US markets [1]

Toronto, Ontario--(Newsfile Corp. - February 20, 2026) - ATEX Resources Inc. (TSXV: ATX) (OTCQB: ATXRF) ("ATEX" or the "Company") is pleased to announce, further to its announcement dated January 21, 2026i, that it has received proceeds of approximately $52.5 million from the exercise of all 21,057,477 common share purchase warrants of the Company ("Warrants"). The Warrants had an exercise price of $2.50 and were originally issued on November 1, 2024ii.Following the exercise of the Warrants, the Company ha ...

Core Insights - The FCC has unanimously adopted a Report and Order to expand the 900 MHz band for broadband deployment from 6 MHz to 10 MHz, which is expected to unlock significant opportunities for Anterix and its partners [1][2][3] Group 1: FCC Decision and Implications - The decision is a result of a joint petition by Anterix and a coalition of energy and technology organizations, aiming to enhance the 900 MHz broadband segment [2] - The FCC's action is anticipated to stimulate the American economy by fostering innovation in utilities and critical infrastructure sectors [3] - Anterix's Chief Regulatory and Corporate Communications Officer emphasized the importance of modern private broadband communications and the finite nature of high-quality, low-band spectrum [3] Group 2: Future Opportunities and Industry Impact - The expansion to 10 MHz is viewed as a significant advancement for mission-critical communications across various sectors, positioning the 900 MHz band as a gold standard for private connectivity [4] - Anterix's President & CEO highlighted that this spectrum expansion marks a new era for critical connectivity, enhancing operational sovereignty for industries that require reliable communications [4] - The company is focused on leveraging this unique spectrum to support digital transformation and resilience in critical infrastructure [6]

Financial Data and Key Metrics Changes - The company has reduced its operating expense run rate by 20% and is positioned for its first year of positive GAAP net income [9][10] - Projected cash proceeds for the current fiscal year have been raised to $120 million from the previous guidance of $100 million [11] - The balance sheet remains strong with approximately $30 million in cash and no debt, alongside over $80 million to be collected in the fourth quarter [10] Business Line Data and Key Metrics Changes - The CPS Energy agreement is a $13 million contract and represents the first commitment under the Anterix Accelerator Program, with favorable cash timing [9] - The company has delivered the highest number of licenses in a single year, indicating accelerated delivery of 900 MHz broadband spectrum to customers [9] Market Data and Key Metrics Changes - The company has established itself as a market leader with 8 flagship customers representing $400 million in contract value [5] - The foundational 900 MHz spectrum is now poised to cover more than 93% of the counties in Texas, reflecting strong market penetration [5] Company Strategy and Development Direction - The company has executed a complete refresh of its critical components, including reducing operating expenses and strengthening its balance sheet [3] - The strategy focuses on delivering durable, long-term value for customers and shareholders, with an emphasis on regulatory alignment and expanding commercial negotiations [8][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning and the importance of connectivity for utilities, highlighting the increasing pressure on utilities to modernize their grids [16][17] - The company is optimistic about upcoming regulatory developments that could enhance broadband deployment across the 900 MHz band [7][33] Other Important Information - The company has appointed Ross Sparrow as its first Chief Product Officer to enhance product offerings and address customer needs [7] - The FCC's plan to consider a report and order on broadband deployment is seen as a significant milestone for the company [8] Q&A Session Summary Question: Insights from Public Utility Commissioners on grid modernization - Management noted that commissioners are increasingly recognizing the importance of connectivity for utilities and the risks associated with not modernizing their grids [16][17] Question: Network effect of 900 MHz spectrum - Management compared the current situation to past experiences with Silver Spring Networks, emphasizing the established customer base and opportunities available now [20][21] Question: Revenue opportunities from product offerings - Management indicated that there is a significant revenue potential from products being developed, with a strong focus on recurring revenue and long-term margins [23][24] Question: Steps following favorable regulatory reports - Management expressed cautious optimism about upcoming regulatory developments and indicated plans to share more details post-announcement [33][34]

Financial Data and Key Metrics Changes - The company has reduced its operating expense run rate by 20% and is positioned for its first year of positive GAAP net income [9] - Projected cash proceeds for the current fiscal year have been raised to $120 million from the previous guidance of $100 million [11] - The balance sheet remains strong with approximately $30 million in cash and zero debt, with over $80 million to be collected in the fourth quarter [10] Business Line Data and Key Metrics Changes - The CPS Energy agreement is a $13 million contract and represents the first commitment under the Anterix Accelerator Program, with favorable cash timing [9] - The company has delivered the highest number of licenses in a single year, indicating accelerated delivery of 900 MHz broadband spectrum to customers [9] Market Data and Key Metrics Changes - The company has 8 flagship customers representing $400 million in contract value, establishing it as a market leader in utility private wireless [5] - The foundational 900 MHz spectrum is now poised to cover more than 93% of the counties in Texas, reflecting strong market penetration [5] Company Strategy and Development Direction - The company has executed a complete refresh of its critical components, including reducing operating expenses and strengthening its balance sheet [3] - The strategy focuses on expanding offerings to address a broader set of utility use cases and developing additional recurring revenue streams [10] - The appointment of a Chief Product Officer aims to ensure the product roadmap is grounded in real-world operational needs [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position, stating that the foundational work has been done and execution is accelerating [8] - There is a strong emphasis on the importance of connectivity for utilities, with regulators increasingly recognizing the need for modernization [17] - The company is optimistic about upcoming regulatory developments that could enhance broadband deployment capabilities [33] Other Important Information - The company has launched new products aimed at removing barriers to deployment and creating opportunities for annual recurring revenue [3] - The FCC's plan to consider a Report and Order on February 18th is seen as a significant milestone for broadband deployment [7] Q&A Session Summary Question: Insights from public utility commissioners regarding grid modernization - Management noted that utility commissioners are increasingly aware of the need for connectivity and modernization, with discussions reflecting a growing recognition of the importance of private broadband wireless [16][17] Question: Comparison of 900 MHz to network effect concepts - Management highlighted that the current environment is more favorable than past experiences, with existing customers advocating for the company's solutions, creating a strong network effect [20][21] Question: Revenue opportunities from product offerings - Management indicated that there is a significant revenue potential from products, with a ratio of approximately $8 for every $1 spent on the company's services historically [23][24]

Financial Data and Key Metrics Changes - The company has reduced its operating expense run rate by 20% and is positioned for its first year of positive GAAP net income [9] - Cash position remains strong with approximately $30 million as of December 31st, zero debt, and over $80 million to be collected in the fourth quarter [10] - Projected cash proceeds for the current fiscal year have been raised to $120 million from the previous guidance of $100 million [11] Business Line Data and Key Metrics Changes - The Anterix Accelerator Program has successfully launched, with a significant contract from CPS Energy valued at $13 million, marking the first commitment under this program [9] - The company has delivered the highest number of licenses in a single year, indicating strong commercial momentum [10] Market Data and Key Metrics Changes - The foundational 900 MHz spectrum is now poised to cover over 93% of counties in Texas, establishing the company as a trusted partner for utility private wireless [5] - The company has eight flagship customers representing $400 million in contract value, indicating strong market leadership [5] Company Strategy and Development Direction - The company is focused on scaling its operations and has established a clear strategy to deliver long-term value for customers and shareholders [8] - Recent product launches aim to address utility deployment challenges, enhancing the value delivered per megahertz [6][10] - The company is actively negotiating with a range of utilities, indicating a robust pipeline of opportunities [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning and the increasing recognition of the importance of private wireless broadband for utilities [8] - There is a growing urgency among utilities to modernize their grids, driven by increasing demands for connectivity [16][17] - The company is optimistic about upcoming regulatory developments that could further enhance its market position [7][34] Other Important Information - The company has appointed Ross Sparrow as the first Chief Product Officer to enhance product development and customer engagement [6] - The FCC is expected to consider a report that would enable broadband deployment across the full 10 megahertz of the 900 MHz band, which could significantly impact the company's operations [7] Q&A Session Summary Question: Insights from Public Utility Commissioners at NARUC - Management noted increasing pressure on utilities to modernize their grids, with discussions highlighting the importance of connectivity [14][16] Question: Network Effect of 900 MHz Spectrum - Management compared the current situation to past experiences with Silver Spring Networks, emphasizing the established customer base and market opportunities [20][21] Question: Product Opportunities Relative to Revenue - Management indicated that there is a significant revenue opportunity from products being developed, with a potential of $8 for every $1 spent on the company [24][25] Question: Steps Following Favorable Regulatory Report - Management expressed cautious optimism about upcoming regulatory developments and indicated plans to share more details post-February 18th [34][36]

Core Insights - ATEX Resources Inc. has reported significant drilling results from the Valeriano Copper-Gold Project, highlighting a high-grade interval of 56 meters at 2.36% CuEq within a broader interval of 592 meters at 1.04% CuEq, extending the high-grade core of the B2B Zone by approximately 100 meters to the north [1][6][3] Drilling Program Update - The Phase VI drill program is progressing ahead of schedule, with six diamond rigs having completed 19,800 meters, representing 80% of the targeted 25,000 meters [1][10] - Current drilling is focused on the B2B Zone, with follow-up drilling targeting extensions to the north and south [3][6] Technical Results - Hole ATXD32 intersected 56 meters of 2.36% CuEq (1.49% Cu, 0.78 g/t Au, 4.9 g/t Ag, 20.6 g/t Mo) within a broader interval of 592 meters at 1.04% CuEq (0.69% Cu, 0.29 g/t Au, 1.6 g/t Ag, 105.5 g/t Mo) [6][5] - Hole ATXD26B defined long high-grade intervals, intersecting 186 meters of 2.15% CuEq (1.33% Cu, 0.72 g/t Au, 4.0 g/t Ag, 80.8 g/t Mo) within a broader interval of 887 meters at 1.06% CuEq (0.65% Cu, 0.35 g/t Au, 2.1 g/t Ag, 87.6 g/t Mo) [6][5] Future Exploration - Follow-up drilling is targeting an area approximately 350 meters long by over 200 meters wide to further explore the B2B Zone [6][3] - The drilling program aims to test additional high-grade breccia targets nearby, with ongoing assays expected to provide further insights [10][11]

Investor Presentation Safe Harbor Statement FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation, other than historical information, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding: (i) our business plans, forecasts and projections; (ii) our ability to enter into lease agreements with our targeted customers on a timely basis and on commerc ...

Financial Performance - Net loss for the nine months ended December 31, 2025, was $6,601 thousand, compared to a net income of $72,115 thousand for the same period in 2024, reflecting a significant decline[15]. - The company reported a net loss of $6,601,000 for the three months ended December 31, 2025, compared to a net income of $7,710,000 for the same period in 2024[46]. - Net income for the nine months ended December 31, 2025, increased by approximately $92.7 million to $72.1 million from a net loss of $20.6 million for the same period in 2024[107]. - Net cash used in operating activities was approximately $10.0 million for the nine months ended December 31, 2025, compared to $12.7 million in 2024[110]. - Net cash used in investing activities was $5.6 million for the nine months ended December 31, 2025, compared to $12.7 million in 2024, primarily due to $19.8 million payments for wireless licenses, offset by $14.2 million from spectrum sales[115]. - Net cash used in financing activities decreased to $1.6 million in 2025 from $6.3 million in 2024, mainly for common stock repurchases of $1.0 million and withholding tax payments of $0.7 million[117]. Revenue and Expenses - Spectrum revenue for the three months ended December 31, 2025, was $1,573 thousand, slightly up from $1,566 thousand in the same period of 2024, indicating a 0.4% increase[15]. - For the nine months ended December 31, 2025, total spectrum revenue was $4,543,000, a decrease of 2.1% compared to $4,642,000 in the same period of 2024[38]. - Operating expenses decreased to $11,768 thousand for the three months ended December 31, 2025, down from $15,287 thousand in the same period of 2024, a reduction of 23.5%[15]. - Adjusted general and administrative expenses for the nine months ended December 31, 2025, were $19,656,000, down from $24,254,000 in the same period of 2024, a decrease of 18.5%[46]. - General and administrative expenses decreased by $0.5 million, or -6%, to $8.7 million for the three months ended December 31, 2025, compared to $9.2 million in 2024[105]. Assets and Liabilities - Total assets increased to $417,003 thousand as of December 31, 2025, up from $333,104 thousand on March 31, 2025, representing a growth of 25.2%[13]. - Total liabilities increased to $181,052 thousand as of December 31, 2025, compared to $176,503 thousand on March 31, 2025, an increase of 2.8%[13]. - The accumulated deficit improved to $(320,818) thousand as of December 31, 2025, from $(391,943) thousand on March 31, 2025, indicating a reduction of 18.2%[13]. - Cash and cash equivalents decreased to $29,534 thousand as of December 31, 2025, from $47,374 thousand on March 31, 2025, a decline of 37.6%[13]. - As of December 31, 2025, the total cash and cash equivalents were $29,534,000, down from $47,374,000 as of March 31, 2025, indicating a decrease of 37.6%[25]. Stock and Share Repurchase - The 2023 Share Repurchase Program allows the Company to repurchase up to $250 million of common stock by September 21, 2026, with $226.7 million remaining as of December 31, 2025[73][76]. - A total of 160,076 shares were issued during the nine months ended December 31, 2025, and 405,204 shares during the year ended March 31, 2025, under the 2023 Stock Plan[72]. - The company authorized a new 2023 Share Repurchase Program allowing for the repurchase of up to $250.0 million of common stock by September 21, 2026[146]. - As of December 31, 2025, the maximum dollar value of shares that may yet be purchased under publicly announced plans is $226,672[142]. - No shares were purchased in the open market or through privately negotiated transactions during the reporting period from October 1, 2025, to December 31, 2025[142]. Contracts and Agreements - The company launched a new turnkey tower service, TowerX, in collaboration with Crown Castle to assist utilities in accelerating buildout timelines[29]. - The relaunch of CatalyX, a turnkey SIM provisioning and connectivity management solution, aims to enhance efficiency for utilities[30]. - The Company entered into an agreement to retune and acquire wireless licenses for approximately $28.0 million in June 2025[50]. - The Company entered into a spectrum license sale agreement with CPS Energy for a total payment of $13 million on January 30, 2026[96][100]. - The company has a maximum potential liability of approximately $66.9 million under the Xcel Energy Agreement, with $74.7 million recorded in deferred revenue as of December 31, 2025[121]. Tax and Regulatory Matters - The Company recorded a total tax benefit of $2.1 million and total tax expense of $3.2 million for the nine months ended December 31, 2025[68]. - The effective income tax rates for the three months ended December 31, 2025, and 2024 were -24.4% and -25.1%, respectively, reflecting a decrease due to a lower state effective tax rate[69]. - Federal government shutdowns could adversely impact the company's ability to obtain broadband licenses from the FCC, affecting its commercialization efforts for 900 MHz spectrum assets[138]. Miscellaneous - The financial information for the quarter ended December 31, 2025, includes consolidated balance sheets and statements of operations[147]. - The report was signed by the President and Chief Executive Officer, Scott A. Lang, and the Chief Financial Officer, Elena Marquez, on February 11, 2026[151].