NGEx Minerals Ltd. Announces Major Discovery and Sustainability Efforts
NGEx Minerals Ltd., a Vancouver-based mining exploration company, has made significant strides in both resource discovery and sustainability initiatives. The company, which specializes in uncovering mineral resources such as copper and gold, recently announced the discovery of a major copper-gold porphyry system at its Lunahuasi project in San Juan, Argentina.
Major Discovery at Lunahuasi
On May 21, 2025, NGEx Minerals revealed the discovery of a substantial copper-gold porphyry system at its 100% owned Lunahuasi high-grade copper-gold-silver project. The company reported drilling 1,619.4 meters at an average grade of 0.87% copper equivalent (CuEq), which includes a significant section of 876.4 meters at 1.13% CuEq. This discovery underscores the potential of the Lunahuasi project and aligns with NGEx’s strategic focus on high-grade mineral deposits.
The announcement was covered by multiple financial news sources, including The Deep Dive, Stock Watch, Newswire, CEO.ca, OTC Markets, Finanzen.net, and Minenportal.de, highlighting the significance of the find in the mining sector.
Sustainability Initiatives
In addition to the resource discovery, NGEx Minerals has been proactive in its sustainability efforts. On May 20, 2025, the company released its 2024 Sustainability Summary, which outlines its commitment to integrating sustainable practices into its operations. The summary was reported by Newswire, CEO.ca, Finanzen.net, OTC Markets, and Minenportal.de.
The 2024 Sustainability Summary emphasizes NGEx’s dedication to responsible mining practices as it advances projects like Lunahuasi and Lo. This initiative reflects the company’s broader strategy to balance resource development with environmental and social responsibilities.
Company Overview
NGEx Minerals Ltd. is listed on the Toronto Stock Exchange (TSX) and trades in Canadian dollars (CAD). As of May 15, 2025, the company’s close price was CAD 12.02, with a 52-week high of CAD 14.91 and a low of CAD 7.82. The company has a market capitalization of CAD 2.48 billion. However, it currently has a negative price-to-earnings ratio of -30.6, indicating that it is not yet profitable.
For more information about NGEx Minerals Ltd. and its operations, stakeholders can visit the company’s website at www.ngexminerals.com or follow its trading activities on the TSX Venture Exchange.