PPX Closes Second Tranche of Construction Facility
NEWS RELEASE
PPX CLOSES SECOND TRANCHE OF CONSTRUCTION FACILITY
Toronto – January 16, 2025 – PPX Mining Corp. (TSX.V PPX; BVL PPX) (the “ Company ” or “ PPX ”,
including its Peruvian subsidiaries) is pleased to announce that yesterday the Company closed the seco nd
tranche of its construction facility, receiving US$1,200,000.
Previously, on September 25, 2024 the Company annou nced the closing of the first tranche of the loan f or
US$1,800,000, from a total of US$6,000,000 structur ed in four tranches, subscribed with its major
shareholder. Terms and conditions were disclosed in that press release. Further to that announce, on October
21, 2024 the Company signed an EPC contract to build PPX’s 350 tpd CIL and Flotation plant to process the
oxide and sulfide materials from its Igor Project in La Libertad, Peru. On November 14, 2024, PPX started
construction activities, ordered major components f or the plant and initiated additional detail engine ering.
As at to date, the Company is expecting plant equipment to be shipped by the end of February and engineering
work is being finalized. According to construction planning, the mobilization of the EPC contractor’s crew
and construction equipment is scheduled to arrive at site the last week of January, 2025.
About PPX Mining Corp
PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) 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 Nort hern
Peru gold belt in eastern La Libertad Department.
On behalf of the Board of Directors
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this
release.
Cautionary Statement
This press release contains forward-looking informa tion and forward-looking statements (collectively,
“ forward-looking statements ”) as such terms are defined by applicable securities laws, including, but not
limited to statements regarding test results, futur e plans or management estimates. Forward-looking
statements are statements that relate to future eve nts. In this context, forward-looking statements of ten
address expected future business plans and financia l performance and often contain words such as
“anticipate,” “believe,” “plan,” “estimate,” “expec t,” and “intend,”, statements that an action or eve nt
“may,” “might,” “could,” “should,” “would” or “will ” be taken or occur, or other similar expressions.
Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many
of which involve factors or circumstances that are beyond the Company’s control, and the Company’s actual
results could differ materially from those stated o r implied in forward-looking statements due to many
various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain
any required regulatory approvals, if applicable. A lthough the Company believes that the expectations
reflected in the forward-looking statements are rea sonable, the Company cannot guarantee that the even ts
and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of
events and circumstances and actual results could d iffer materially from those projected in the forwar d-
looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All
forward-looking statements contained in this press release are made as of today’s date, and the Compan y
undertakes no obligation to update or publicly revi se any forward-looking statements, whether as a res ult
of new information, future events or otherwise, unless required by law.