S2 Minerals Rebrands to FNX Inc., Overhauls Share Structure in Major Corporate Shake-Up

S2 Minerals Inc. (CSE: STWO) has cleared a significant corporate milestone. Shareholders voted to approve the company’s rebrand to FNX Inc. and major amendments to its share structure, effective December 5, 2025.

What’s Changing

The approval marks two major shifts:

Name and Trading Symbol: The company transitions from S2 Minerals to FNX Inc., with trading set to resume under ticker symbol “FNX” on December 5. The new CUSIP is 343921102, while the ISIN becomes CA3439211028.

Share Class Restructuring: The existing common shares get reclassified as “subordinate voting shares.” Simultaneously, the company is introducing a new class called “multiple voting shares,” fundamentally altering the voting structure. This dual-class setup is a common strategy for founders and insiders to maintain control while allowing broader equity participation.

No Immediate Action Required

Existing shareholders don’t need to do anything—the transition happens automatically. Share certificates remain valid; the structural change is administrative.

About the Company

S2 Minerals operates as a mineral exploration outfit headquartered in Canada, with primary focus on Northwest Ontario. The company’s flagship asset is the Sandy Lake project, spanning roughly 167,000 acres in the Sandy Lake Archean Greenstone Belt, positioned approximately 140 miles north of Red Lake, Ontario.

S2 controls 100% of mineral rights across about 137,000 acres, plus holds stakes in joint ventures: 50.1% of the 15,000-acre “Weebigee Joint Venture” and 50% of another 15,000 acres (Southern Block) through partnerships with Goldeye Explorations, now integrated into NexGold Mining Corp. The company also maintains claims within Eabametoong First Nation territories, with potential for portfolio expansion into other Canadian exploration-stage projects over time.

The Takeaway

The rebrand and share structure redesign signal S2’s evolution. The introduction of multiple voting shares typically indicates the company is positioning for future growth while preserving founder influence—a move often seen before major announcements or strategic pivots. Investors should monitor developments post-December 5 for potential catalysts in the exploration pipeline.