NGEx Minerals Ltd. Announces Major Discovery in Argentina

Toronto, May 22, 2025 — NGEx Minerals Ltd., a Vancouver-based mining exploration company listed on the Toronto Stock Exchange, has reported a significant discovery of a copper-gold porphyry system at its Lunahuasi project in San Juan, Argentina. This announcement has led to a notable increase in the company’s share price.

Discovery Details

The discovery was made at the Lunahuasi high-grade copper-gold-silver project, which is fully owned by NGEx Minerals. The company successfully drilled 1,619.4 meters, achieving an average of 0.87% copper equivalent (CuEq). Notably, a section of 876.4 meters yielded an enhanced grade of 1.13% CuEq. This discovery aligns with NGEx’s interpretation of the geological setting of the Lunahuasi mineralization, confirming the potential for significant mineral resources.

Market Reaction

Following the announcement, NGEx shares experienced a surge, reflecting investor optimism about the project’s potential. The company’s close price on May 15, 2025, was CAD 12.02, with a 52-week high of CAD 14.91 and a low of CAD 7.82. The market capitalization stands at CAD 2.48 billion, despite a negative price-to-earnings ratio of -30.6, indicating the company’s current lack of profitability.

Company Overview

NGEx Minerals Ltd. specializes in the exploration of copper and gold deposits, serving clients globally. The company is listed on the TSX Venture Exchange and can be found at www.ngexminerals.com for more information on its operations and initiatives.

Industry Context

The announcement comes amid broader market volatility, with major losses reported across North American markets as investors awaited developments on a U.S. tax bill and trade negotiations. Despite these challenges, NGEx’s discovery has provided a positive outlook for the company.

Future Prospects

The discovery at Lunahuasi positions NGEx Minerals for potential growth, as the company continues to explore and define mineral resources. The project’s high-grade potential underscores the company’s strategic focus on copper-gold porphyry systems, which are known for their economic viability and scalability.

For further updates on NGEx Minerals Ltd. and its projects, stakeholders are encouraged to monitor the company’s communications and market developments.