Company: Newlox Gold Ventures Corp
Listings : Canadian Securities Exchange, Frankfurt, US OTC
Tickers: LUX , NGO, NWLXF
Market cap at time of publication: $ 28,8 MCAD
Stock price at time of publication: $0.215 CAD
Business: Environmentally friendly and socially responsible gold mining
Market Size: US$180bn
Website: https://newloxgold.com/
ESGFIRE comments: It’s very exciting to see that Newlox projects in Brazil are moving ahead according to plan. It looks like the company will have it’s third project commencing in Brazil in 2022. It’s also very encouraging to see that Newlox is intensifying their communications with shareholders and becoming more transparent with ongoing activities.
Press release available below in full:
Vancouver, BC, 8 December 2021 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”)
(CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce that its planned
expansion into gold recovery in Brazil, comparable to its established operations in Costa Rica, has
advanced through initial due diligence and underlying legal organization.
The initiative has also been greatly enhanced by the news that the Research Center for Responsible
Mining of the Polytechnic School of the University of São Paulo (NAP.Mineração/USP) has received
expanded World Bank funding for its ASGM – Coexistence in Brazil Project being undertaken in
partnership with the Brazilian Cooperative Organization, various artisanal mining cooperatives, the
University of British Columbia, and Newlox Gold (Portuguese news release here).
Newlox Gold, as announced on June 16, 2021, has been working in partnership with
NAP.Mineração/USP, the centre for small-scale responsible mining at the University of São Paulo,
Brazil.
This centre supports dissemination of responsible mining practices to artisanal and small-scale
mining operations through applied research, training and education. The actions of NAP.Mineracao/USP
foster responsible and integrated management of mineral exploration, mine development, mining,
rehabilitation, governance, and sustainable development within the artisanal mining sector.
The objective is to “prepare miners for the long term by establishing safer and more efficient mining
models and disseminating mercury-free gold recovery techniques, practices and principles of health and
safety, ESG, economic management and gender equality”, commented Professor Giorgio De Tomi, the
director of NAP.Mineração/USP and Newlox Gold’s head of Brazilian Operations.
The fostering of partnerships between artisanal miners and private companies is a vital part of SGMCoexistence in Brazil initiative. Newlox Gold has been presented to the Brazilian artisanal sector as an
example of a company implementing mutually beneficial business models for improving the economic,
social, and environmental impacts of artisanal mining for all stakeholders. This is illustrated by Newlox
having developed successful partnerships with local miners in Costa Rica.
Two attractive artisanal mining projects in Brazil have emerged from the Company’s due-diligence work
over the fall. One of these provides a natural beachhead for Newlox Gold to expand into this vast and
exciting market. The Company is working with its local partners with whom it has established close
relationships. Newlox Gold looks forward to starting construction on its third project, and first in Brazil,
next year.
“Over the fall, we completed our initial due diligence work and identified a project in Brazil as an
obvious starting point in the country. Recently, several legal and regulatory prerequisites have been
successfully completed, allowing the Company to move into the final stages toward signing a definitive
agreement.”
“The Brazilian mining industry is several orders of magnitude larger than our operations in Costa Rica,
representing a massive opportunity for the growth of Newlox Gold,” commented CEO Ryan Jackson
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