PPX Mining Corp. is pleased to announce that RIVI Opportunity Fund LP has opted to convert additional US$250,000 principal amount of its current 5.00% secured convertible debenture of the Company, issued in connection with a restructuring of the Company's gold and silver purchase agreement with RIVI, as described below. The partial conversion will result in the issuance of 6.25 million common shares of the Company being [...]
PPX Mining Corp. is pleased to announce that yesterday it closed the third tranche of the construction facility provided by its major shareholder, receiving US$1,800,000. The creditor of the Loan is a control person of the Company. Accordingly, the Loan constitutes a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions . The Company is [...]
PPX Mining Corp. is pleased to announce a significant expansion of its ongoing diamond drilling campaign. The current program, originally planned for 2,300 meters, has been extended to a total of 4,200 meters. This extension aims to meaningfully increase the Company's mineral resource base at its Callanquitas Mine. Highlights: The decision to extend the drilling program was jointly made by PPX's geological team and their [...]
PPX Mining is pleased to announce that it continues advancing its 2,300 m diamond drilling program in coordination with Proyectos la Patagonia, a partner company. This drill program is carried out from inside the mine and the intercepts at Callanquitas West breccia from the second and third drillholes. Results in CA-25-13 show grades of 2.00 g/t Au over 32.35 m, including 12.98 g/t Au over 0.6 m, 11.48 g/t Au over 1.4 m [...]
PPX Mining is pleased to announce that it has commenced its 2,300 meters diamond drilling program in coordination with Proyectos la Patagonia. This drill program is carried out from inside the mine and the intercepts at Callanquitas West breccia from the first 2 drillholes are 2.00 m grading 3.83 g/t Au and included is 6.86 g/t Au over 0.8 meters in the drill hole CA-25-11, and in CA-25-12 grading 5.87 g/t Au over 1.9 [...]
PPX Mining Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on March 20, 2025 on an oversubscribed basis for aggregate gross proceeds of $802,303 . The Offering involved the issue of 17,828,945 units at a price of $0.045 per Unit for gross proceeds to the Company of $802,303. Each Unit consisted of one common share of the Company and one common share purchase warrant [...]
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 [...]