Newlox Gold Update on Accounting

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Newlox Gold Update on Accounting

 

Vancouver, BC, 6 August 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt: NGO | PINK: NWLXF), reports that there has been a delay in the filing of its annual audited financial statements resulting in the issuance of a cease trade order (CTO) by the BC Securities Commission.

Management has been working closely with the Company’s independent auditing firm to expedite the filing, and no material issues have been found during the process. The audit is currently in the final stages, and management expects the auditing firm to complete the final review this week. However, given an independent accounting firm conducts the audit, the exact timing of the audit completion is beyond management’s control. Every effort is being made to support the auditors in their work and all requested documentation has been submitted.

Newlox Gold confirms that the Company operations are continuing as planned. As announced in July, Newlox’s operations have been advancing following the successful implementation of metallurgical optimization processes at its Costa Rican Operations earlier in the year. Looking forward, Newlox aims to continue making progress at Plants 1 and 2 in Costa Rica by boosting plant throughput and improving efficiency while exploring significant blue-sky opportunities in the Colombian market.

 

Forward-Looking Information

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward- looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. 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.

 

Technical Disclaimer

The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. James Turner, P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.

 

Contact Newlox Gold

Newlox Gold Ventures Corp.,

Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: +1 778 738 0546

Newlox Gold Closes Final Tranche of a Convertible Debenture Financing for Total Gross Proceeds of $2.34m

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Newlox Gold Closes Final Tranche of a Convertible Debenture Financing for Total Gross Proceeds of $2.34m

 

Vancouver, BC, 3 June 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt: NGO), announces that it has closed a final tranche of the previously announced unsecured non-brokered Convertible Debenture Financing (The “Offering”) for gross proceeds of $153,000. The total gross proceeds for all tranches is $2,340,000.

The debentures’ principal amount will become due in two years from the closing date and will carry an interest rate of 10% per annum, with interest payable semi-annually. Principle and any accrued interest are convertible at the option of the investor at a conversion price of $0.15 per common share (the “Conversion Price”) from the closing date until the day before maturity. On maturity, the Company will have the option to pay the principle and any accrued interest in cash or shares at the Conversion price.

As part of the final tranche closing of $153,000, the Company issued 1,020,000 Warrants. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.25 for two years from the closing of the Offering.

All securities are issued pursuant to the Offering will be subject to a 4-month hold period under applicable securities laws in Canada.

Newlox will use proceeds from the Offering to support operations, expansion and grow productivity.

 

About Newlox Gold Ventures Corp.

Newlox has identified a niche within the extractive industry where a clean-technology company can apply innovative processing techniques to not only recover precious metals but also affect positive change in the environmental and social landscape in its targeted jurisdictions of operations.

Contact Newlox Gold

Newlox Gold Ventures Corp.,

Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: +1 778 738 0546

Production Starts at Plant 2, the “Boston Clean Gold Project”

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Metallurgical Optimization Significantly Increases Gold and Silver Recovery Rates at Processing Facilities

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Metallurgical Optimization Significantly Increases Gold and Silver Recovery Rates at Processing Facilities

Vancouver, BC, 6 May 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF), A leader in the development and operation of environmentally responsible mineral processing.

Newlox is delighted to announce the favorable outcomes of its metallurgical optimization processes conducted at its Costa Rican Operations. Specifically, at its wholly owned Project 1. These advancements are poised to seamlessly transition to Newlox’s larger second precious metals recovery plant, which is currently in the final stage of commissioning (News Release 17 April 2024). The program, spearheaded by independent metallurgical consultants and subsequently validated by an external laboratory, marks a significant stride forward in Newlox’s commitment to operational efficiency and sustainable practices.

Key highlights from the metallurgical advancements include:

• Achieving consistent gold recovery rates of up to 93% at Project 1, signifying a notable enhancement over historical recovery rates.
• The adoption of new environmentally friendly chemicals, coupled with enhanced cost-effectiveness, has yielded superior recovery rates and lowered processing costs.
• The new process has allowed for reduced grinding requirements. This is a pivotal breakthrough that preserves our cost matrix without compromising efficiency or environmental integrity.

Looking forward, Newlox is poised to capitalize on these achievements as we pursue the following milestones and catalysts:

• Our research endeavours persist as we remain steadfast in our determination to significantly reduce material residency time within the circuit, thereby further enhancing efficiency and driving down costs across all existing and future operations.
• The main focus of the Plant 1 team currently is to take advantage of improved metallurgical efficiency and reduced operating inputs to deliver strong results over the coming quarters while making plans to commence production at Plant #2 with increased productivity.

The metallurgical optimization forms an integral component of our ongoing continuous improvement program, inaugurated last year. Under the guidance of Newlox Gold’s metallurgical Consultant, Eng. José Adán, the program not only introduced innovative processing methods but also imparted comprehensive training to our personnel, ensuring proficiency and efficacy in implementation. With these transformative advancements, Newlox Gold Ventures Corp. is steadfast in its commitment to revolutionizing the precious metals recovery industry and setting new benchmarks both environmentally and economically.

“These changes are expected to deliver significant production improvements in the near term, which should be compounded by favourable gold prices, will lead to increased revenue and profitability. What’s more, the processes are immediately transferrable to Plant 2 (the Boston Project), where commercial operations are expected to start at the end of commissioning,” commented Ryan Jackson, CEO of Newlox Gold Ventures Corporation.

Forward-Looking Information

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward- looking information. Forwardlooking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. 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).

Technical Disclaimer

The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. James Turner, P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.

On Behalf of the Board, Newlox Gold Ventures Corp.

Contact Newlox Gold

Newlox Gold Ventures Corp.,

Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493

Newlox Gold Announces First Mineralized Material Processed at Plant 2, “the Boston Clean Gold Project.”

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Newlox Gold Takes a Bold Leap Towards Sustainable Gold Mining in Antioquia, Colombia

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Newlox Gold Closes Forth Tranche of a Convertible Debenture Financing for Total Gross Proceeds of $2.1 Million

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Newlox Gold Closes Forth Tranche of a Convertible Debenture Financing for Total Gross Proceeds of $2.1 Million

Vancouver, BC, 1 March 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF), announces that it has closed a fourth tranche of the previously announced unsecured non-brokered Convertible Debenture Financing (The “Offering”) for gross proceeds of $564,000. The total gross proceeds for all three tranches is $2,120,000. The Company anticipates closing a final tranche within the next 45 days.

The debentures’ principal amount will become due in two years from the closing date and will carry an interest rate of 10% per annum, with interest payable semi-annually. Principle and any accrued interest are convertible at the option of the investor at a conversion price of $0.15 per common share (the “Conversion Price”) from the closing date until the day before maturity. On maturity, the Company will have the option to pay the principle and any accrued interest in cash or shares at the Conversion price.

As part of the fourth tranche closing of $564,000, the Company issued 3,760,000 Warrants. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of $025 for two years from the closing of the Offering.

Finder fees of $45,120 and 300,800 Broker Warrants for this tranche were issued at an exercise price of $0.25 per common shares for two years from the closing date.

All securities are issued pursuant to the Offering will be subject to a 4-month hold period under applicable securities laws in Canada.

Newlox will use proceeds from the Offering to support operations, expansion and grow productivity.

About Newlox Gold Ventures Corp.

Newlox has identified a niche within the extractive industry where a clean-technology company can apply innovative processing techniques to not only recover precious metals but also affect positive change in the environmental and social landscape in its targeted jurisdictions of operations.

 

Contact Newlox Gold

Ryan Jackson
Newlox Gold Ventures Corp., President Website:
Email: info@newloxgold.com
Phone: + 1 604 256 0493
www.newloxgold.com

 

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).

Newlox Gold Starts Commissioning at Plant 2

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Newlox Gold Completes Electrical Upgrades for Plant 2

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Newlox Gold Completes Electrical Upgrades for Plant 2

Vancouver, BC,  5 February 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF), is pleased to announce that it has successfully completed the planned electrical upgrade at its Boston Project (Plant 2) in Costa Rica. Technicians from the state-owned power company operated on-site during the last week of January 2024 to make the final connections and install the high-voltage electrical meter. With the power now connected, Newlox Gold has resumed the testing of Plant 2 in anticipation of starting operations shortly.

Over the holidays, Newlox Gold received and installed equipment to facilitate the start of operations at Plant 2. Of particular importance, given the global shortage of this equipment, was an electrical transformer, which was delivered and installed on site. The installation and connection of the power equipment represents a significant milestone in the Company’s operations. The Boston Project now benefits from connection to the Costa Rican grid, which is a stable and 98% renewable electricity system.

The Boston Project is slated to become the Company’s second environmentally and socially responsible precious metals project in Costa Rica. The Project will process feedstock newly extracted from the Boston Mine by the Company’s local mining partners. At full scale, Newlox will operate the new Boston mill to process 150 tonnes per day of material grading +- 15 grams per tonne gold with an anticipated gold recovery of 90%. All feedstock is to be provided by the Company’s mining partners, with profits to be split evenly between the parties.

“Management is delighted to report that the final electrical upgrades necessary to complete testing and begin operations at Plant 2 are now complete. The Company will be providing updates to the market as this procedure advances towards the start of commercial operations,” commented Ryan Jackson, CEO of Newlox Gold Ventures Corporation.

Forward-Looking Information

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure.

Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. 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).

Technical Disclaimer

The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. James Turner, P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.

Contact Newlox Gold

Ryan Jackson
Newlox Gold Ventures Corp., President Website:
Email: info@newloxgold.com
Phone: + 1 604 256 0493
www.newloxgold.com

Newlox Gold Closes Third Tranche of a Convertible Debenture Financing for Total Gross Proceeds of $1.5 Million

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Newlox Gold Closes Third Tranche of a Convertible Debenture Financing for Total Gross Proceeds of $1.5 Million

Vancouver, BC,  January 31 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF), announces that it has closed a third tranche of the previously announced unsecured non-brokered Convertible Debenture Financing (The “Offering”) for gross proceeds of $403,500. The total gross proceeds for all three tranches is $1,556,000. The Company anticipates closing a final tranche in February.

The debentures’ principal amount will become due in two years from the closing date and will carry an interest rate of 10% per annum, with interest payable semi-annually. Principle and any accrued interest are convertible at the option of the investor at a conversion price of $0.15 per common share (the “Conversion Price”) from the closing date until the day before maturity. On maturity, the Company will have the option to pay the principle and any accrued interest in cash or shares at the Conversion price.

As part of the Offering, the Company issued 2,690,000 Warrants. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of $025 for two years from the closing of the Offering.

A finder’s fee of $16,080 and 107,200 Broker Warrants were issued at an exercise price of $0.25 per common shares for two years from the closing date.

All securities are issued pursuant to the Offering will be subject to a 4-month hold period under applicable securities laws in Canada.

Newlox will use proceeds from the Offering to support operations, expansion and grow productivity.

About Newlox Gold Ventures Corp.

Newlox has identified a niche within the extractive industry where a clean-technology company can apply innovative processing techniques to not only recover precious metals but also affect positive change in the environmental and social landscape in its targeted jurisdictions of operations.

 

Contact Newlox Gold

Ryan Jackson
Newlox Gold Ventures Corp., President Website:
Email: info@newloxgold.com
Phone: + 1 604 256 0493
www.newloxgold.com