NGEx Minerals Ltd. Makes Significant Discovery at Lunahuasi

In a remarkable development for the mining sector, NGEx Minerals Ltd., a Vancouver-based mining exploration company, has announced the discovery of a major copper-gold porphyry system at its Lunahuasi project in San Juan, Argentina. This discovery, reported on May 21, 2025, marks a significant milestone for the company, which specializes in uncovering and defining mineral resources globally.

The discovery was confirmed through extensive drilling, totaling 1,619.4 meters, with an average copper equivalent grade of 0.87%. Notably, a section of 876.4 meters yielded an even higher grade of 1.13% CuEq. This promising find underscores the potential of the Lunahuasi project, which is entirely owned by NGEx Minerals.

The news has been widely covered by various financial and industry news outlets, including The Deep Dive, Stock Watch, Newswire, CEO.ca, OTC Markets, Finanzen.net, and Minenportal.de, all highlighting the significance of this discovery for the company’s future prospects.

Sustainability Efforts Highlighted

In addition to the exciting discovery, NGEx Minerals has also been proactive in its sustainability efforts. On May 20, 2025, the company released its 2024 Sustainability Summary, detailing its commitment to integrating sustainable practices into its operations. This initiative is part of NGEx’s broader strategy to advance its projects, including Lunahuasi and Lo, while maintaining a focus on environmental and social responsibility.

The Sustainability Summary was released across multiple platforms, including Newswire, CEO.ca, Finanzen.net, OTC Markets, and Minenportal.de, reflecting the company’s dedication to transparency and accountability in its business practices.

Financial Overview

As of May 15, 2025, NGEx Minerals’ stock was trading at CAD 12.02 on the Toronto Stock Exchange, with a market capitalization of CAD 2.48 billion. Despite a challenging year, with a price-earnings ratio of -30.6, the company’s recent discoveries and sustainability initiatives may positively influence investor sentiment.

The company’s 52-week high was CAD 14.91 on January 21, 2025, while the low was CAD 7.82 on July 1, 2024. These figures reflect the volatility in the mining sector, but the recent developments at Lunahuasi could provide a much-needed boost to NGEx Minerals’ market performance.

In summary, NGEx Minerals Ltd. is poised for growth with its significant discovery at Lunahuasi and its ongoing commitment to sustainability. As the company continues to explore and develop its projects, stakeholders will be keenly watching its progress in the dynamic materials sector.