NGEx Releases 2024 Sustainability Summary
View PDF
Wojtek Wodzicki, President and CEO, commented, "At NGEx, we recognize that our role and impact extend beyond exploration. Our Lunahuasi and Los Helados projects are key assets within the broader Vicuña District, with the potential to become an important part of the global effort to transition to a low-carbon economy, and as our projects grow, so does our focus on environmental, social and governance initiatives. Our 2023 Sustainability Summary provided evidence of our commitment to sustainability, but this year's Summary underscores the significant progress we have made and reflects our ongoing commitment and efforts to conduct responsible mineral exploration and development. We are proud of our accomplishments this year and have identified areas for continuous improvement in 2025 and beyond."
Highlights from NGEx's 2024 Sustainability Summary:
Zero fatalities across all operations and consistent implementation of health and safety protocols.
Delivered 1,766 hours of safety training and awareness programs to employees and contractors in 2024.
Conducted a comprehensive materiality assessment, that directly informed the development of NGEx's Sustainability Framework, which serves as the foundation for integrating sustainability priorities across departments, embedding key actions into operations through a phased approach.
Established Board oversight and management accountability over sustainability matters and adopted a Responsible Mineral Exploration and Development Policy.
Employed over 95% of our Workforce 1 from Argentina, including 65% from the Province of San Juan, in 2024.
Joined the United Nations Global Compact ("UNGC"), committing to its ten principles and Sustainable Development Goals.
NGEx's Sustainability Summary is guided by its Sustainability Framework, which is aligned with the principles of the UNGC. As a participant of the UNGC, the 2024 Sustainability Summary is part of our Communication on Progress commitment.
NGEx's Sustainability Summary is available for download on the Company's website.
_____________________________
1 As defined in the 2024 Sustainability Summary
About NGEx Minerals
NGEx Minerals is a copper and gold exploration company based in Canada, focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project located approximately nine kilometres to the northeast in Chile's Region III. Both projects are located within the Vicuña District, which includes the Caserones mine, and the Josemaria and Filo del Sol deposits.
NGEx owns 100% of Lunahuasi and is the majority partner and operator for the Los Helados project, subject to a Joint Exploration Agreement with Nippon Caserones Resources LLC, which is the indirect 30% owner of the operating Caserones open pit copper mine located approximately 17 kilometres north of Los Helados. Lundin Mining Corporation holds the remaining 70% stake in Caserones.
The Company's common shares are listed on the TSX under the symbol "NGEX" and also trade on the OTCQX under the symbol "NGXXF". NGEx is part of the Lundin Group of Companies.
Additional information relating to NGEx may be obtained or viewed on SEDAR+ at www.sedarplus.ca.
Additional Information
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.
The information contained in this news release was accurate at the time of dissemination but may be superseded by subsequent news release(s). The Company is under no obligation, nor does it intend to update or revise the forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in the news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking information"). All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to, statements regarding: the emergence of the Vicuña District as a mining district of global significance and its role in the transition to a low-carbon economy; the potential importance or strategic value of the Company's assets in that context; the Company's continued participation in the United Nations Global Compact (UNGC); NGEx's goals and initiatives related to the environment, community engagement, and corporate governance; the ongoing integration of sustainability priorities into operations through NGEx's Sustainability Framework; the Company's commitment to maintaining strong health and safety practices, including workforce training and well-being initiatives; the Company's intention to uphold Board oversight and management accountability over sustainability matters; NGEx's ongoing commitment to responsible mineral exploration and development; and the Company's intention to pursue continuous improvement in its sustainability practices in 2025 and beyond.
Generally, this forward-looking information can frequently, but not always, be identified by use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "projects", "budgets", "assumes", "strategy", "objectives", "potential", "possible", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "should", "might" or "will be taken", "will occur" or "will be achieved" or the negative connotations thereof.
Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management including that NGEx can access financing, appropriate equipment and sufficient labour; assumed and future price of copper, gold, silver and other metals; anticipated costs; ability to achieve goals; the prompt and effective integration of acquisitions, systems and policies; that the political environment in which NGEx operates will continue to support the development and operation of mining projects; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by NGEx as at the date of this document, in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity performance or achievements of NGEx to be materially different from those expressed or implied by any forward-looking information and forward-looking statements. The following are among the factors that could cause actual results, performance or achievements to differ materially from the forward-looking information: volatility in metal prices, namely copper, gold and silver; volatility in interest, inflation and currency exchange rates; government regulation limiting the free flow of currencies; failure of exploration efforts to establish new Mineral Resources at NGEx's projects; unexpected changes in business and economic conditions, including, but not limited to, the impacts of regulatory, fiscal or policy reforms enacted by the current president of Argentina and his administration; volatility in the market price of the common shares of NGEx; the ability to arrange financing; the ability to obtain regulatory approvals, permits and licenses when required to conduct operations; high altitude operations in the Andes Mountains where climactic conditions are subject to unforeseen and severe changes and productivity can be affected by altitude related effects; weather, including excessive snowfall in the Andes Mountains; infectious diseases, pandemics and health crisis; war or other forms of conflict affecting operating jurisdictions directly or otherwise having a global impact, such as through supply chain and international trade disruptions and increased market volatility; carrying on business in an emerging market that may be impacted by government instability, civil turmoil and economic instability; measures required to protect endangered species; deficient or vulnerable title to mining concessions and surface rights; potential for litigation; difficulty complying with tax or other regulatory regimes in Chile and Argentina; environmental, governmental and sociopolitical factors, including climate change and carbon pricing; compliance with environmental laws and liability for environmental contamination; opposition to mining, including by local communities and non-governmental organizations; exploration and development activity; illegal mining; recruiting and retaining key qualified personnel; availability of, and ability to import, skilled personnel, contractors, materials, equipment, supplies, power and water; access to reliable infrastructure; potential ability to sell future products; competition in the mining industry; the inadequacy of insurance; compliance with anti-corruption and anti-bribery laws; limitations of disclosure and internal controls; regulatory compliance; cybersecurity; failure to adequately use generative artificial intelligence in the Company's operations; fraud; potential influence of large shareholders; potential conflicts of interest; and other risks and uncertainties, including but not limited to those described in the "Risk Factors" section of the Company's annual information form for the year ended December 31, 2024 and in the "Risk and Uncertainties" section of the Company's annual management discussion and analysis for the year ended December 31, 2024, which are available on the Company's website and SEDAR+ at www.sedarplus.ca under the Company's profile.
The forward-looking information contained in this news release is based on information available to the Company as at the date of this news release. Except as required under applicable securities legislation, the Company does not undertake any obligation to publicly update and/or revise any of the included forward-looking information, whether as a result of additional information, future events and/or otherwise. Forward-looking information is provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All the forward-looking information contained in this document is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.
SOURCE NGEx Minerals Ltd.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Market Online
3 hours ago
- The Market Online
Rob McEwen adds Norsemont Mining to his portfolio
Notable mining investor Rob McEwen, chairman of McEwen Mining (TSX:MUX), picked up shares in Norsemont Mining (CSE:NOM), a junior gold explorer advancing its flagship Choquelimpie project in Chile to bankable feasibility The project's resource is estimated at 2,184,000 gold equivalent ounces indicated and 557,000 gold equivalent ounces inferred Norsemont Mining stock has added 475 per cent year-over-year Notable mining investor Rob McEwen, chairman of McEwen Mining (TSX:MUX), picked up shares in Norsemont Mining (CSE:NOM), a junior gold explorer advancing its flagship Choquelimpie project in Chile to bankable feasibility. The project's resource is estimated at 2,184,000 gold equivalent ounces indicated and 557,000 gold equivalent ounces inferred. This content has been prepared as part of a partnership with Norsemont Mining Inc., and is intended for informational purposes only. McEwen made the lead order in the second tranche of an ongoing private placement, with the tranche closing on 2,320,000 units priced at C$0.60 for gross proceeds of C$1,392,000. Each unit consists of one common share and one-half of one warrant, with each warrant allowing the holder to acquire one share for C$0.75 for two years from the closing date, subject to acceleration as detailed in Monday's news release. 'I'm pleased to become a strategic shareholder in Norsemont Mining as they advance the Choquelimpie project in Chile,' McEwen noted. 'The project's scale, geological potential and existing infrastructure provide an excellent foundation for value creation. I look forward to supporting the team as they work to unlock Choquelimpie's full potential for the benefit of all shareholders.' Norsemont will allocate the proceeds to metallurgy, general working capital and phase 3 drill programs at Choquelimpie focused on copper porphyry, high-grade gold and oxide-leachable gold targets. Leadership insights 'We are deeply honoured and privileged to gain the support of legendary mining entrepreneur and investor, Rob McEwen, and we are excited to welcome him as a strategic shareholder in Norsemont,' Marc Levy, Norsemont Mining's chief executive officer, said in a statement. 'His commitment is a strong endorsement of our vision and provides valuable resources to advance the Choquelimpie project through our upcoming drilling and technical programs, positioning us to continue delivering value for all stakeholders.' About Norsemont Mining Norsemont is advancing its 100-per-cent-owned Choquelimpie gold, silver and copper project in Chile. The project is previously permitted, houses a 3,000-ton-per-day mill and offers robust exploration upside informed by more than 1,700 drillholes on the property to date. Norsemont Mining stock (CSE:NOM) is up by 2.99 per cent trading at C$0.69 as of 11:20 am ET. The stock has added 475 per cent year-over-year. Join the discussion: Find out what investors are saying about this gold, silver and copper stock on the Norsemont Mining Inc. Bullboard and make sure to explore the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Cision Canada
5 hours ago
- Cision Canada
Bruce Power renews 10-year MSA with AtkinsRéalis; expected to be for up to $1B in additional work Français
MSA will bolster orders to Canadian workers and manufacturing supply chain that supports Canadian-made CANDU reactors , Aug. 18, 2025 /CNW/ - Candu Energy Inc., an AtkinsRéalis company [AtkinsRéalis Group Inc.] (TSX: ATRL), has renewed a 10-year master services agreement (MSA) with Bruce Power — operator of eight CANDU® reactors at their Tiverton nuclear station, one of the largest in the world, that supplies Ontario with 30% of its power. 1 The MSA runs until 2035 and, subject to future Bruce Power contracting awards, covers possible future scopes of work for AtkinsRéalis expected to be worth up to $1 billion. 2 This new long-term collaboration with Bruce Power replaces the previous MSA signed in 2015 between the same parties, which was set to expire at the end of this year. "The renewal of this MSA is a testament to the strength of our relationship with Bruce Power, and the confidence they place in our work as the steward of CANDU technology," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "Our continued long-term support for their CANDU-powered station is critical to Ontario's energy security and clean power goals. 3 We look forward to many more years of collaboration together, building on the success of the prior MSA." Developed collaboratively with Bruce Power, the renewed MSA spans Candu Energy Inc.'s entire scope of capabilities, for future packages of work not covered by its existing life extension contracts through the Shoreline Power Group joint venture. 4 This includes all original equipment manufacturer services and innovation scopes that support the ongoing health and maintenance of the Bruce Power station, such as reactor core engineering, tooling and robotics, parts supply, nuclear safety and licensing, project management and controls, outages, reactor programs, and lifecycle management. The MSA will streamline future contract negotiations, allowing an even more efficient focus on cost and schedule delivery. "This is a homegrown partnership that aligns closely with Bruce Power's Canadian at our Core strategy that secures good jobs, strengthens the economy and builds on Ontario's position as a world leader in the production of clean energy and cancer-fighting medical isotopes," said James Scongack, Bruce Power Chief Operating Officer and Executive Vice-President. "These types of long-term frameworks recognize that our nuclear industry is successful when we plan for the long-term with rigor and certainty leading to high levels of safety, quality, schedule and cost performance." AtkinsRéalis, the original equipment manufacturer (OEM) of CANDU technology, has supported Bruce Power's $13 billion, on-time and on-budget life extension program over the past decade, ensuring six CANDU reactors at their station run until 2064. 5 The Company has also provided operational support, including mock-up facilities, waste storage, training, and lab spaces to Bruce Power. "As OEM of CANDU technology, our Nuclear sector has a strong reactor support capability in addition to our new build and life extension offering," said Joe St. Julian, President, Nuclear, AtkinsRéalis. "This makes us a trusted vendor to utilities worldwide for ongoing engineering, outage & field services, and spare parts support to the installed CANDU fleet. As Canada focuses on how to unlock economic growth through infrastructure megaprojects, we are privileged to support Bruce Power and its investment in the country's only domestically-designed and owned nuclear power technology; one that relies on approximately 89,000 jobs nationwide. 6" CANDU technology: making a difference for Ontario AtkinsRéalis has injected over $2.3 billion in purchase orders into the CANDU supply chain across roughly 550 companies in the last 19 months. 90% of this investment was issued to Canadian suppliers: highlighting the depth and breadth of the CANDU supply chain within Canada. 7 AtkinsRéalis has also deepened its long-standing involvement in the Bruce County region over the past year, including opening a modernized, larger office in Port Elgin. The Company is a founding member of the locally-based Nuclear Innovation Institute, and contributes to numerous initiatives in support of local communities of the Saugeen Ojibway Nation as well as community facilities in the region such as schools, food banks, and local employment institutes. About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us LinkedIn. About AtkinsRéalis' Nuclear Sector AtkinsRéalis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis' CANDU technology also allows for the co-production of medical radioisotopes for cancer detection and treatment. The company also supports cancer treatment through its partnership with TerraPower to extract isotopes from legacy nuclear material. Learn more on our Nuclear market page. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Uncertainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
The Market Online
5 hours ago
- The Market Online
Air Canada suspends plans to restart operations, claims CUPE defied 'return to work' directive
Air Canada delays flight resumption after CUPE flight attendants defied a Canada Industrial Relations Board (CIRB) order to return to work, continuing an illegal strike Approximately 240 flights cancelled on Sunday, adding to the 500,000 customers already affected since operations were suspended on August 16 Air Canada suspends financial guidance for Q3 and full-year 2025 due to the ongoing disruption, while offering refunds, credits, and limited rebooking options to affected passengers Air Canada stock (TSX:AC) opened trading at C$19.03 Air Canada (TSX:AC) has suspended its plan to resume limited operations by Air Canada and Air Canada Rouge, following what it described as an illegal directive by the Canadian Union of Public Employees (CUPE) instructing flight attendants to defy a return-to-work order issued by the Canada Industrial Relations Board (CIRB). This content has been prepared as part of a partnership with Air Canada and is intended for informational purposes only. The airline had intended to restart flights on Monday after all operations were grounded on August 16 due to a strike by CUPE, which represents approximately 10,000 flight attendants. However, the CIRB ruled on August 17 that the strike was unlawful and ordered CUPE leadership to instruct its members to immediately resume duties. Despite this directive, CUPE allegedly continued to encourage defiance, prompting Air Canada to delay its restart until tomorrow evening. As a result, approximately 240 flights scheduled for Sunday afternoon have been cancelled. Air Canada and Air Canada Rouge typically operate around 700 flights daily. The airline estimates that nearly 500,000 customers have been affected by cancellations since the strike began. Air Canada Express flights operated by Jazz and PAL continue to operate normally. In a statement, Air Canada expressed regret over the disruption and is offering affected customers full refunds, travel credits, or rebooking options on other carriers, though availability is limited due to the peak summer travel season. Customers are advised not to go to the airport unless they have confirmed bookings with other airlines. The CIRB's ruling included a clear mandate for CUPE and its members: CUPE and its officers must immediately cease all activities related to the unlawful strike and direct members to return to work. Individual union members are ordered to resume duties and refrain from further strike actions. CUPE must publicly revoke its strike authorization and notify members by 12:00 p.m. EDT today. Air Canada has also suspended its financial guidance for Q3 and full-year 2025, citing the significant operational and economic impact of the labour disruption. Air Canada is Canada's largest airline with a presence in more than 180 airports in Canada, the United States and internationally across six continents. Air Canada stock (TSX:AC) opened trading 3.74 per cent lower at C$19.03. Last week, its stock rose more than 3 per cent and it has flown 21.90 per cent higher since this time last year. Join the discussion: Find out what the Bullboards are saying about Air Canada and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
