PPX Subscribes MOU with Cvc FOR Energy Supply
NEWS RELEASE; TSX.V PPX; BVL PPX
PPX SUBSCRIBES MOU WITH CVC FOR ENERGY SUPPLY
Toronto – July 22, 2024 – PPX Mining Corp. (the “ Company ” or “ PPX ”, including its Peruvian
subsidiaries) is pleased to announce that is has subscribed a Memorandum of Understanding with Consorcio
Eléctrico de Villacurí S.A.C. (“CVC”) in respect to a strategic collaboration to supply electricity at the CIL
and flotation plant that the Company intends to bui ld (the “Processing Plant”). The Processing Plant w ill
initially process oxide and sulphide ore from its Callanquitas Mine, located in La Libertad, Peru.
As part of the understanding, CVC will invest an amount equal to the cost of capital required to supply energy
at the Processing Plant and will lead the execution of the electrical interconnection project (the “Pr oject”).
In consideration for CVC´s commitment, both parties will subscribe an energy supply contract that will
enhance production capabilities of the Processing Plant.
CVC’s proposal was selected after analyzing others, including gas and diesel alternatives. The proposal not
only optimizes the processing operation, but also c onstitutes an efficiency and sustainability milesto ne for
the region. In addition, it reduces the pre-production capital cost to build the Processing Plant.
The Project will be evaluated during the following months with the objective to subscribe a final agreement
between the parties.
CVC is a well-known firm in Peru, focused in the energy sector and committed to innovation and sustainable
development.
John Thomas, CEO commented “we are very pleased to subscribe this MOU with CVC. This Project will
materially reduce our pre-production capex by increasing marginally our opex per tonne. It will also enhance
our processing capabilities using a responsible and sustainable source of energy”.
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
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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.