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Vancouver, BC – TheNewswire - July 23, 2025
CSE: LUX Frankfurt/Stuttgart: NGO Pink: NWLXF
Board Site visit Operational Goals and Strategic Alignment
The new Management and Board members of Mr. MacDonald, Mr. MacKay and Mr. Benavides recent site visit provided a valuable opportunity to deliver technical feedback, validate operational strategies, and strengthen team alignment, ensuring consistent progress toward shared goals.
Plant 2: Nearing Commercial Production
Plant 2 is making significant strides toward operational readiness:
The ore feeder has been successfully installed and tested for optimal throughput.
Conveyor systems, crushing units, and discharge equipment are undergoing precise fine-tuning.
Comprehensive electrical system testing has been completed, confirming functionality and safety for startup.
In parallel, Newlox has launched a strategic initiative to secure optimal feedstock for Plant 2:
Systematic sampling across multiple zones of the mining concession prioritizes high-grade ore to maximize processing efficiency.
In collaboration with CIMEX at the National University of Colombia, the company conducted:
Chemical composition analyses of ore samples.
A granulometric study to optimize crushing and grinding processes.
Two 11 kg ore samples were submitted to CIMEX, with lab results indicating strong recovery rates and processing suitability for Plant 2.
Capital Raise and Production Goals
With the capital raise announced on July 22, 2025, Newlox plans to finalize its audit, fund ore acquisition, and secure materials for Plant 2’s commercialization. Initial production is targeted at 20 tonnes per day, with a goal to scale to 50 tonnes per day by year-end. Once stabilized, the resulting revenue will drive further optimization and scale-up within six months.
Team Performance and Management Support
The new management and board are highly impressed with the Costa Rica team’s expertise and are confident in their ability to optimize operations and unlock the full potential of Plant 2. Management’s commitment to allocating the majority of working capital and new funds to operational improvements and future production investments ensures the realization of this opportunity.
Expansion Plans
Newlox is actively exploring a second location in Costa Rica, conducting due diligence and feasibility studies on prospective sites to support long-term growth.
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. is an emerging precious metals producer dedicated to the recovery of gold and silver from artisanal and small-scale mining operations across Latin America. The Company leverages technology to recover precious metals while remediating historical mine waste and contributing to local economic development.
For further details, please contact:
647.848.5843
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “anticipated”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Newlox is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this release. Newlox cannot assure investors that actual results will be consistent with these forward-looking statements and Newlox assumes no obligation to update or revise the forward-looking statements contained in this release to reflect actual events or new circumstances.
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