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Newlox Gold Ventures Corp C.LUX

Alternate Symbol(s):  NWLXF

Newlox Gold Ventures Corp. is a Canada-based environmental reclamation and mineral recovery company. The Company is engaged in the business of operating tailings remediation and gold recovery facilities in Costa Rica. The Company is focused on developing gold projects through precious metals recovery from mining waste. The Company produces gold through environmental remediation by recovering residual precious metals and contaminants from historical tailings. The reclamation process is designed to provide environmental remediation and gold production. The Company’s wholly owned subsidiary, Oro Roca, S.A., has built an environmental reclamation facility in Central America.


CSE:LUX - Post by User

Bullboard Posts
Post by kijijion Jun 13, 2020 6:16pm
191 Views
Post# 31147352

suspends operations

suspends operations
NEWLOX OPERATIONS INTERRUPTION AND PROPOSED EXPANSION
 
Newlox Gold Ventures Corp. has suspended operations at its first environmental remediation and precious metal production facility.
 
Due to an alarming increase in COVID-19 infections, the local municipality has been designated as a quarantine zone.
 
Fortunately, in the interim, management continues to advance negotiations and due-diligence work on its proposed second clean technology gold production facility, as announced March 12 th , 2020. Newlox has completed legal due-diligence on this second clean technology project and is moving towards a definitive agreement.
 
A Message from Ryan Jackson, President & CEO:
"We are thankful and fortunate to be able to report that there are currently no known cases of COVID-19 amongst any of our employees, contractors, or their families. We seek to prioritize health and safety in our communities.
 
While the interruption to operations is a temporary setback, Newlox continues to make progress advancing its business model. We will overcome these obstacles and emerge with enthusiasm to grow the current operation and expand at the new project."
Bullboard Posts