Company: Newlox Gold Ventures Corp
\nListings : Canadian Securities Exchange, Frankfurt
\nTickers: LUX , NGO
\nMarket cap at time of publication: $ 45 MCAD
\nStock price at time of publication: $0.355 CAD
\nNumber of shares fully diluted 190,390,637
\nBusiness: Environmentally friendly and socially responsible gold mining
\nMarket Size: US$180bn
\nWebsite:\u00a0https:\/\/newloxgold.com\/<\/p>\n
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ESGFIRE comment:<\/strong>\u00a0We are pleased to see that Newlox is taking further steps to becoming even more ESG friendly as a company by upgrading their power usage to renewable energy. The company also states that this will also generate efficent operations and cost savings. Vancouver, BC, 4 November 2021 \u2013 Newlox Gold Ventures Corp. (\u201cNewlox\u201d or the \u201cCompany\u201d) Legal Disclaimer<\/strong><\/p>\n We own shares of these companies personally.<\/strong><\/p>\n Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n Companies may or may not be paying us for content posted on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":" Company: Newlox Gold Ventures Corp Listings : Canadian Securities Exchange, Frankfurt Tickers: LUX , NGO Market cap at time of publication: $ 45 MCAD Stock price at time of publication: $0.355 CAD Number of shares fully diluted 190,390,637 Business: Environmentally friendly and socially responsible gold mining Market Size: US$180bn Website:\u00a0https:\/\/newloxgold.com\/ ESGFIRE comment:\u00a0We are pleased […]<\/p>\n","protected":false},"author":1,"featured_media":1694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148,8,128],"tags":[],"class_list":["post-1693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-newlox-gold-ventures-corp","category-reports-news-interviews"],"yoast_head":"\n
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\n(CSE: LUX | Frankfurt\/Stuttgart: NGO | PINK: NWLXF) is pleased to announce that the Company\u2019s
\nprocessing plants have been approved for a major electrical upgrade by the Costa Rican national
\npower company. Both Plant 1 and the upcoming Boston Project will benefit from connection to
\nCosta Rica\u2019s high-tension three-phase electrical system. Significantly more efficient operations and
\ncost savings are anticipated.
\nNewlox Gold has always benefited from Costa Rica\u2019s robust infrastructure. The upgraded electrical
\nservice offered to the Company\u2019s processing plants will assist our goal of delivering low operational
\ncosts.
\nIn addition to the economic benefits of the new service, Newlox is pleased to report that Costa Rica
\nhas, for the seventh consecutive year, achieved 98% renewable energy in its electrical grid.
\nRecent analysis indicates that Costa Rica generates 73.39% of its energy from hydropower, 13.84%
\nfrom geothermal sources, 12.12% from wind and 0.63% from biomass and solar panels. Minister of
\nthe Environment and Energy Carlos Manuel Rodr\u00edguez adds that Costa Rica intends to continue to
\nadvance renewable energy development through modernization of the country\u2019s infrastructure,
\nincluding the transportation, waste, cattle, agriculture, construction and cargo industries.<\/p>\n
\nA Message from Ryan Jackson, President & CEO:
\n<\/strong>\u201cWe are delighted to report that our projects in Costa Rica will soon be linked to the country\u2019s hightension three-phase electrical system designed for industrial operations. Connection to this system
\nwill increase efficiency and reduce power consumption at Newlox\u2019s facilities, supporting the
\nCompany\u2019s ESG goals.
\nWhat\u2019s more, because the Costa Rican power grid is supplied with 98% renewable energy, Newlox\u2019s
\nprocessing plants are also run on 98% renewable electricity. Costa Rica\u2019s green power grid, a major
\nbenefit of operating in the country, substantially enhances Newlox Gold\u2019s ESG focus.
\nWe can not only operate more efficiently because of the upgraded electrical infrastructure but the
\nvast majority of the electricity we use will be generated from renewable sources.\u201d<\/p>\n