PPX Mining Corp. is pleased to announce that major plant equipment purchased from Shandong Xinhai Mining Technology & Equipment Inc. is now ready to ship. As disclosed in previous releases, PPX is currently building a 350 tpd CIL & Flotation plant at its Igor Project, located in Peru. The equipment includes: All crushing plant units, feeder, jaw crusher, cone crusher vibrating screen and conveyors. This equipment will [...]
PPX Mining Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to C$765,000 . The Offering involves the sale of up to 17,000,000 units at a price of C$0.045 per Unit for gross proceeds of up to C$765,000. Each Unit will consist of one common share of the Company and one common share purchase warrant, with each warrant entitling the holder to acquire [...]
PPX Mining Corp. is pleased to announce that RIVI Opportunity Fund LP has agreed to defer the maturity date of the convertible debenture that the Company issued on February 19, 2023, as part of the previously announced stream restructuring with RIVI, to December 31, 2026. The convert was originally due on February 19, 2026. Brian Imrie commented "we appreciate RIVI's ongoing support to PPX. This deferral will provide [...]
PPX Mining Corp. is pleased to announce that today it filed at SEDAR+ its fiscal Q1 2025 Interim Financial Statements, ending December 31, 2025, and MDA. This information is available at www.sedarplus.ca. About PPX Mining Corp: PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt [...]
PPX Mining Corp. is pleased to announce that exploration activities at Callanquitas Mine have resumed. On February 17, 2025, its mining partner in the Callanquitas Mine, Proyectos La Patagonia S.A.C. , concluded negotiations of a Drilling Contract with RAMPERU S.A.C. Servicios Generales . Under the terms of the Contract, RAM will perform 2264 meters of diamond drilling from underground. Highlights: 1043 meters will be [...]
PPX Mining Corp. is pleased to announce that it has closed the first tranche of its previously announced silver royalty with Silver Crown Royalties Inc. , pursuant to the silver royalty agreement dated December 13, 2024 between the Company and SCR , resulting in gross proceeds to the Company of US$1,000,000. Proceeds will support the Company's ongoing construction of the CIL and Flotation plant at the Company's Igor [...]
PPX Mining Corp. is pleased to announce that yesterday it filed at SEDAR+ its Annual Audited Financial Statements for the fiscal year ending on September 30, 2024 and MDA. This information is available at www.sedarplus.ca. About PPX Mining Corp: PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific [...]
PPX Mining is pleased to announce that yesterday the Company closed the second tranche of its construction facility, receiving US$1,200,000. Previously, on Sept 25, 2024 the Company announced the closing of the first tranche of the loan for US$1,800,000, from a total of US$6,000,000 structured in four tranches, subscribed with its major shareholder. Terms and conditions were disclosed in that press release. Further to [...]
PPX Mining is pleased to announce the signing of a definitive silver royalty agreement with Silver Crown Royalties Inc. last Friday Dec 13, 2024. The Agreement contemplates the sale of a royalty for up to 15% of the cash equivalent of silver produced from PPX's Mina Callanquitas at its Igor 4 mining concession, located in La Libertad, less customary deductions, for aggregate proceeds of US$ 2,470,000. The first tranche of [...]
PPX Mining is pleased to announce that on Dec 10, 2024 it signed a new assignment agreement with Proyectos La Patagonia until 2034 to operate the Callanquitas Mine in La Libertad, Peru. In addition, the Company settled all past legal claims with PLP, resetting completely its long-term working relationship. New Mining Assignment Agreement: Structured through two contracts, one that regulates the business relationship among [...]
PPX Mining is pleased to announce that a 2,222 DMT lot of sulfide ore from the Callanquitas Mine was sent to a local plant for processing by froth flotation. The lot also contained some oxidized mineral with an estimated grade of 3.38 gr/tn of gold and 243.85 gr/tn of silver. Laboratory test was carried out to establish the amount of collector and frother required for processing. The first batch of concentrate, amounting [...]
PPX Mining is pleased to announce the subscription of a contract with JPC EC for the construction of leaching tanks for the 350 tn. per day beneficiation plant that the Company started to build at the Igor Project. The agreement specifies the construction and assembly of seven 23'x 20' agitation tanks, one 23'x 20' oxidation tank, and two detoxification tanks. JPC EC completed the plant's engineering in 2023-2024 to [...]