Touchstone Exploration Non-Executive Director Buys 250,000 Shares

Director dealing: Stanley T. Smith buys 250,000 TXP shares on the TSX

Touchstone Exploration has reported a director purchase. Non-Executive Director Stanley T. Smith bought a total of 250,000 common shares across five trades on 17-19 September 2025. The transactions were executed on the Toronto Stock Exchange.

Worth noting: despite the RNS headline referencing a sale, the detailed disclosure clearly records purchases. This is a straightforward director dealing notification under the UK Market Abuse Regulation.

The trades at a glance: dates, prices and totals

Here is the breakdown exactly as disclosed. The company also provided approximate sterling figures using an average rate of C$1.87 to £1.00.

Date	Volume	Price (C$)	Price (c£)	Consideration (C$)	Consideration (c£)	Venue
17 September 2025	38,000	C$0.265	c£0.141	C$10,070	c£5,634.94	Toronto Stock Exchange
17 September 2025	38,000	C$0.270	c£0.144	C$10,260	c£5,466.17	Toronto Stock Exchange
18 September 2025	40,500	C$0.270	c£0.144	C$10,935	c£5,848.22	Toronto Stock Exchange
18 September 2025	83,500	C$0.265	c£0.142	C$22,127.50	c£11,834.15	Toronto Stock Exchange
19 September 2025	50,000	C$0.265	c£0.143	C$13,250	c£7,136.70	Toronto Stock Exchange
Total	250,000	Weighted average about C$0.267 (c£0.144)	C$66,642.50	c£35,920.18

Why this insider buying matters for TXP shareholders

• Alignment with investors: When a director buys shares in the open market, it generally signals confidence and aligns interests with other shareholders. Here, five separate trades within three days suggest intent rather than a token purchase.
• Price context: All trades printed in a tight C$0.265-C$0.270 range, roughly c£0.141-c£0.144 per share. That gives a clear line in the sand for where at least one board member sees value.
• Liquidity and venue: Every trade was executed on the Toronto Stock Exchange, which is often the deeper pool for Canadian-domiciled dual-listed names like Touchstone. That can matter for execution quality and spreads.
• Size perspective: The aggregate consideration was C$66,642.50 (c£35,920.18). It is supportive, though not transformational in isolation. Investors tend to view repeat or wider board buying as a stronger signal, so any follow-on disclosures would be worth tracking.

Details investors should not miss in the RNS

• Person discharging managerial responsibilities (PDMR): Stanley T. Smith, Non-Executive Director.
• Instrument: Common shares of Touchstone Exploration Inc. ISIN CA89156L1085.
• Company identifiers: LEI 2138008URBSUC1J24J73; ticker TXP on the Toronto Stock Exchange and AIM.
• Currency note: Sterling figures are approximate, translated at an average rate of C$1.87 to £1.00 as stated by the company.
• Resulting holding: Not disclosed in the announcement.

What it could mean for the share price and sentiment

Insider buying does not guarantee future performance, but it often improves sentiment, especially when it lands at clear price points and shortly after or before newsflow. Here, the clustering of trades at about C$0.267 per share creates a reference level that other investors may watch.

Because the purchase is modest, I would characterise the signal as constructive rather than emphatic. If we see further director participation or a broader set of board members stepping in, that would strengthen the read-through.