A geologist walking the red volcanic plateau of the Luna Roja project under a wide Patagonian sky

Exploring for gold and silver in Argentina's prolific Deseado Massif.

Lunex Metals' 2026 drill program at Luna Roja, in Santa Cruz, Argentina, intersected gold-silver mineralization at two centers along a 2.8 km structural corridor, as pro-mining reforms bring the country back as a leading exploration jurisdiction.

  • Permitted
  • Drilled
  • Listed on the TSXV: LUNX
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At a glance

The 2026 drill program, in numbers

2.8 kmstructural corridor along the Vía Láctea fault
2,517.5 mdrilled in 16 diamond holes in the first half of 2026
10,000 hain three contiguous mineral tenements
3targets drilled: Cruz del Sur, Orión and Estrella del Norte
Now trading on the TSX Venture Exchange: LUNXLunex Metals began trading on October 19, 2026. See investor information.

Why Lunex

A reopened jurisdiction, a prolific belt, a local team

Pro-mining reforms are driving Argentina’s re-emergence as a leading jurisdiction for mineral exploration. Luna Roja sits in the Deseado Massif, and the team behind it has worked there for over 15 years.

Read why

The Luna Roja plateau under a wide Patagonian sky

The Luna Roja project

Two mineralized centers, open to the north

Sixteen diamond holes and 2,517.5 m along the Vía Láctea corridor extended gold-silver mineralization at Cruz del Sur and established a second mineralized center at Estrella del Norte.

Explore the project

Aerial view of the Luna Roja property with a field vehicle on the plateau

The team

Built on the ground in Argentina, backed by capital markets

Lunex Metals has assembled a team positioned for exploration success in Argentina, blending discovery experience in the Deseado Massif with a track record of building listed companies.

Meet the team

Field team and vehicle on the open Patagonian steppe

Latest news

Follow the progress

Lunex Metals to open the market for the TSX Venture Exchange from Buenos Aires

TMX Group hosts Lunex in Buenos Aires on October 28, 2026 to open the market and celebrate its listing on the TSXV.

Read the release →

Lunex Metals begins trading on the TSX Venture Exchange

Lunex’s common shares commenced trading on the TSXV under the symbol LUNX at market open on October 19, 2026.

Read the release →

Final tranche of subscription receipt financing closed

Lunex Finance closed the fourth and final tranche and Lunex issued 1,018,519 option shares to Magna Terra Minerals.

Read the release →
All news releases Investor information

Why Luna Roja

Three reasons to look closely

01 · The jurisdiction

Argentina is open again

Pro-mining reforms and vast geological potential are driving Argentina's re-emergence as a leading jurisdiction for mineral exploration.

02 · The asset

A prolific gold-silver province

Luna Roja sits in the Deseado Massif, a >60,000 km² area in southern Argentina and one of the most prolific and productive precious-metal belts in the world, having yielded more than 600 million ounces of silver and 20 million ounces of gold since the 1990s. Production elsewhere in the district is not necessarily indicative of mineralization at Luna Roja.

03 · The team

Local ground, global capital

Over 15 years of on-the-ground experience in Argentina, combined with deep capital markets expertise across Canada, the U.S. and Latin America.

Why now

Jurisdictions rarely reopen. When they do, prepared projects move first.

Since 2023, Argentina has moved fast on mining reform: lower export taxes, streamlined regulation and a simplified licensing process under the Incentive Regime for Large Investments (RIGI). Luna Roja already has its environmental approval, a completed first drill program and a district of untested targets.

Tax incentives

Lower export and corporate taxes, with deductions for reinvestment.

Regulatory stability

Stable rules for projects and no surprise tax imposition.

Profit repatriation

Efficient transfer of earnings out of Argentina.

Lunex MetalsNext: Luna Roja

The Luna Roja project

Two mineralized centers, open to the north

A gold-silver project in Santa Cruz Province, about 30 km north-northwest of the Las Calandrias mining district.

2026 drill program complete: 16 holes, 2,517.5 mResults released July 2 and July 8, 2026. On October 19, 2026, Lunex began trading on the TSX Venture Exchange under the symbol LUNX.

What the 2026 drilling found

24.6 m@ 0.96 g/t Au

LR_DDH13: 24.6 m @ 0.96 g/t Au and 1.51 g/t Ag, including 9.1 m @ 2.16 g/t Au and 2.53 g/t Ag.

23.1 m@ 0.36 g/t Au

LR_DDH14: 23.1 m @ 0.36 g/t Au and 61.76 g/t Ag, including 2.0 m @ 1.15 g/t Au and 465.00 g/t Ag.

57.0 m@ 0.26 g/t Au

LR_DDH12: 57.0 m @ 0.26 g/t Au and 2.03 g/t Ag, including 27.0 m @ 0.39 g/t Au and 1.29 g/t Ag.

2ndcenter

A second mineralized center established at Estrella del Norte, approximately 2 km north of Cruz del Sur, where mineralization remains open to the north.

All three holes at Cruz del Sur. Source: Table 2, news release dated July 2, 2026. Intercepts are downhole lengths. True widths are not yet estimated.

Read the NI 43-101 Technical Report

Project status in Santa Cruz, updated January 2026. Luna Roja highlighted. Source: Magna Terra Minerals Inc. (magnaterraminerals.com/luna-roja), adapted by Lunex. Mineralization on nearby properties is not necessarily indicative of mineralization at Luna Roja. Click to enlarge.

The property

Location

Santa Cruz Province, Deseado Massif

Access

Year-round by road from Fitz Roy: 30 km on National Highway 3, then 70 km of dirt road, with brief weather-related interruptions

Tenure

Three contiguous mineral tenements (El Monte I, II and III) covering 10,000 ha, held by Magna Terra’s subsidiary Atala Resources S.A. and subject to Lunex’s option to acquire 100%

Neighbours

~30 km NNW of Las Calandrias and ~75 km NW of Cerrado Gold’s Minera Don Nicolás mine. Mineralization on nearby properties is not necessarily indicative of mineralization at Luna Roja

Ownership

Option to acquire 100% from Magna Terra for C$2,375,000 in staged cash and share payments, subject to a 1% NSR payable to Orogen Royalties Inc.

Untested targets

Ground magnetics (49 lines, 330 km) outline the Vía Láctea, Signos and El Monte fault systems. Five targets remain untested by drilling: Cae El Sol, Luna Creciente, Alpha, Lambda and Omega

Aerial view of the Luna Roja property with a field vehicle on the plateau
Outcrop and red volcanic soil on a Luna Roja hillside
Field team and vehicle on the open Patagonian steppe

Built on earlier work

AuEx Argentina began exploring Luna Roja in 2007, with Agnico Eagle as joint-venture partner until 2012. The project then passed to Magna Terra Minerals, which drilled it in 2019. Lunex optioned Luna Roja in October 2025 and completed its first drill program in 2026.

~4,000 mof trenching, 2007 to 2012
1,478rock samples, 2007 to 2012
715soil samples, 2007 to 2012
14 linesof IP survey at 150 m spacing, Quantec 2011
1,187.10 mof diamond drilling in 8 holes, 2019

Historical information. The 2007–2012 surface work (AuEx Argentina), the 2011 IP survey (Quantec, for AuEx Argentina) and the 2019 drilling (Magna Terra Minerals) were completed by previous operators. Source: NI 43-101 Technical Report on the Luna Roja Project, Sections 6, 9 and 10. Lunex’s qualified person has reviewed and verified the 2019 drilling data against the original ALS assay certificates, sampling records and core box photographs. The 2007–2012 surface data and the 2011 IP survey have not been independently verified by Lunex’s qualified person and should not be relied upon as current.

Lunex MetalsNext: Team

The team

Built on the ground in Argentina, backed by capital markets

Lunex Metals has assembled a team positioned for exploration success in Argentina, blending discovery experience in the Deseado Massif with a track record of building listed companies.

Management

Pablo Cortegoso

Pablo Cortegoso

CEO and Director

Civil engineer and mining executive with over 15 years of international experience. Co-founder and CTO of Stardust Power and CEO and co-founder of Andina 360.

Carlo Rigillo

Carlo Rigillo

CFO

Chartered Professional Accountant with over two decades of experience in risk management frameworks and business processes.

Joaquin Mignaquy

Joaquin Mignaquy

Vice President, Operations

Argentine business executive focused on mineral exploration and the development of mining opportunities in Argentina.

Ramiro Massa

Ramiro Massa

Vice President, Corporate Development

Mining executive with more than 20 years of experience across Latin America. Director and former President and CEO of Minsud Resources Corp.

Fernando Ganem

Fernando Ganem

Vice President, Exploration

Geologist and Qualified Person (AIPG, CPG-11859) with over 25 years in exploration across Latin America and Africa. Credited with more than 10 gold-silver discoveries in Patagonia; led Mina Martha into production.

Board of directors

Pablo Cortegoso

Pablo Cortegoso

Director, CEO

Registered Member of the Society for Mining, Metallurgy & Exploration and a Qualified Person under NI 43-101.

Joaquin Marias

Joaquin Marias

Director

Geologist with over 16 years of international experience. President, CEO and director of Argenta Silver Corp. (TSXV: AGAG).

Kurt Gattiker

Kurt Gattiker

Director

Finance professional involved in assessing gold, silver and lithium mining projects in Argentina.

Raymond D. Harari

Raymond D. Harari

Director

Founder of Canalis Capital. CEO and President of Argentina Metals Corp. (TSXV: VLLC).

Lewis Lawrick

Lewis Lawrick

Director

President, CEO and director of Magna Terra Minerals Inc. Founder of Signal Gold Inc.

Technical and advisory team

Isidoro Schalamuk

Isidoro Schalamuk

Technical Advisor

Directed the BID-CONICET/UNLP-FOMICRUZ program in Santa Cruz, leading to discoveries near Cerro Vanguardia.

Tomas de Pablos

Tomas de Pablos

Legal Advisor

Founding member of Exar S.A. (Lithium Americas) and Minera Cordillera S.A., with 19+ years in public affairs.

Zachary Goldenberg

Zachary Goldenberg

Capital Markets Advisor

Principal of Toronto-based Liberty Venture Partners and corporate lawyer on numerous TSX-V go-public transactions.

Juan Pablo Zagorodny

Juan Pablo Zagorodny, PhD, MBA

Environmental Specialist

Head of the MSc Program in Energy and Environment ITBA+KIT; former head of a lithium battery division.

Lucas Frana

Lucas Frana

Operations Manager

Co-founder of Andina 360 and specialist in mining project processes, due diligence and activity management.

Lunex MetalsNext: News

News

News releases

Every news release issued by the company, most recent first. Releases before December 15, 2025 were issued under the company’s former names.

All filings on the Lunex SEDAR+ profile
Lunex MetalsNext: Investors

Investors

Investor information

Lunex Metals’ common shares trade on the TSX Venture Exchange under the symbol LUNX since October 19, 2026 (CUSIP 55041X102 / ISIN CA55041X1024).

PresentationCorporate presentationOpen PDF → Technical reportNI 43-101 Technical Report on the Luna Roja ProjectOpen PDF → FinancialsFinancial statements and MD&AView reports ↓ GovernanceAGM and governance materialsView documents ↓ FilingsLunex Metals on SEDAR+Open profile →

Share capital

Capital structure

Shareholder# of shares% of basic
Founders & Insiders23,625,00063.2%
Magna Terra Minerals (Property Vendor)1,018,5192.7%
Other Investors / Public Shareholders12,717,22334.0%
Basic Shares Outstanding37,360,742100.0%
Options1,800,000
Finder Warrants213,131
Contingent Shares240,000
Fully Diluted Shares39,613,873

As at October 14, 2026, following the closing of the final tranche. Contingent shares are issuable under a consulting agreement.

Founders & Insiders: 23,625,000 shares, 63.2% of basic sharesMagna Terra Minerals (Property Vendor): 1,018,519 shares, 2.7% of basic sharesOther Investors / Public Shareholders: 12,717,223 shares, 34.0% of basic shares63.2%2.7%34.0%

Roadmap

From permit to discovery

Two stages done and Lunex is now listed on the TSX Venture Exchange. Phase I exploration comes next.

Complete
01

Permit and target

  • Nov-Dec 2025 field campaign: mapping, trenching and systematic sampling
  • High-resolution magnetometry to refine targets
  • Environmental approval (DIA) received
Complete
02

Drill and test

  • 16 holes, 2,517.5 m at Cruz del Sur, Orión and Estrella del Norte
  • Results released July 2 and July 8, 2026
  • Mineralization at two centers along the 2.8 km Vía Láctea structural corridor
In progress
03

List and expand

  • Listed on the TSX Venture Exchange on October 19, 2026 (symbol: LUNX)
  • Phase I exploration work plan to begin in Q4 2026
  • Phase II, including 3,000 m of drilling, recommended in the Technical Report and not contingent on Phase I

Financials

Financial reports

Financial statements and management's discussion and analysis, as filed. The fiscal year ends October 31.

Other filings on the Lunex SEDAR+ profile

Governance

AGM and governance

Shareholder meeting materials, voting results and board committee charters. Every document is also available on Lunex’s SEDAR+ profile.

  • Notice of meeting, management information circular and form of proxyTo be posted when filed
  • Report of voting results for each shareholder meetingTo be posted when filed
  • Audit Committee Charter and other board committee chartersTo be posted
  • Corporate governance, disclosure and insider trading policies, and code of conductTo be posted
All filings on the Lunex SEDAR+ profile
Lunex MetalsNext: Why Lunex

Legal

Privacy policy

How Lunex Metals collects, uses and protects personal information on this website.

Last updated: October 29, 2026

Who we are

Lunex Metals Corp. (“Lunex”, “we” or “us”) operates lunexmetals.com. This policy explains how we collect, use and protect personal information through this website, in accordance with applicable Canadian privacy laws, including British Columbia’s Personal Information Protection Act and, where applicable, the federal Personal Information Protection and Electronic Documents Act.

What we collect

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How we use it

We use your information only to send the news releases and corporate updates you asked for, to respond to your enquiries, to operate and secure this website, and to meet our legal obligations. We do not sell or rent personal information. We disclose personal information only to our service providers (below) and where required or permitted by law.

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Consent and unsubscribing

Subscriptions use double opt-in: you are added to the list only after you confirm by email. You can withdraw your consent at any time with the unsubscribe link in every email, or by writing to info@lunexmetals.com.

Retention and security

We keep personal information only as long as needed for the purposes above or as required by law, and we use reasonable safeguards to protect it. No transmission over the internet is completely secure.

Access and correction

You may ask to access or correct the personal information we hold about you, or ask questions about this policy, by writing to our privacy contact at info@lunexmetals.com or 2505-1177 West Hastings Street, Vancouver, British Columbia.

Changes

We may update this policy from time to time. The date above shows when it was last revised. We will not use your personal information for a new purpose without your consent, unless permitted by law.

Legal

Terms of use

The terms that apply to your use of lunexmetals.com.

Last updated: October 29, 2026

Acceptance

By using lunexmetals.com you agree to these terms. If you do not agree, please do not use this website.

Information only, not an offer

This website is provided for general information. It is not an offer to sell, or a solicitation of an offer to buy, any securities of Lunex Metals Corp. (“Lunex”) in any jurisdiction, and nothing on it is investment, legal, tax or financial advice. Readers should consult their own advisors before making any investment decision.

Public disclosure

Lunex is a reporting issuer in Canada. Information on this website summarizes Lunex’s public disclosure and is qualified in its entirety by the documents Lunex files on SEDAR+. If there is any inconsistency, the SEDAR+ filings prevail. Information is current only as of the date stated or the date it was posted, and Lunex does not undertake to update it except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the information on this website.

Technical information

Scientific and technical information on this website has been reviewed and approved by Fernando Ganem, CPG-11859, Vice President, Exploration of Lunex, a qualified person under NI 43-101 who is not independent of Lunex. Further information is in the NI 43-101 Technical Report on the Luna Roja Project, dated July 22, 2026 (effective June 10, 2026), filed on SEDAR+ and prepared by M. Antonio Celis C., P.Geo., of Motherlode Consulting, who is independent of Lunex.

Forward-looking information

This website contains forward-looking information that is subject to risks and uncertainties. See the forward-looking information notice at the foot of every page, which forms part of these terms. Readers should not place undue reliance on forward-looking information.

Third-party content and links

Links to third-party websites, including SEDAR+ and stock exchange sites, are provided for convenience. Lunex is not responsible for their content, and a link is not an endorsement.

Intellectual property

The content of this website, including text, images, maps, logos and documents, belongs to Lunex or its licensors. You may view and print it for personal, non-commercial use. Any other copying, reproduction or distribution requires Lunex’s prior written consent.

No warranty and limitation of liability

This website is provided “as is”. To the extent permitted by law, Lunex makes no warranty that it is accurate, complete or uninterrupted, and is not liable for any loss arising from its use or from reliance on its content.

Privacy

Our handling of personal information is described in our privacy policy.

Governing law

These terms are governed by the laws of the Province of British Columbia and the federal laws of Canada applicable there. The courts of the Province of British Columbia, sitting in Vancouver, have exclusive jurisdiction over any dispute arising from these terms or the use of this website.

Changes to these terms

Lunex may update these terms at any time by posting a revised version on this page. Your continued use of this website means you accept the revised terms.

Contact

info@lunexmetals.com

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