sur PPX Mining Corp (CVE:PPX)
PPX Mining Corp. Secures Second Tranche of Construction Financing
PPX Mining Corp. has announced the successful closure of its second tranche of a construction financing facility. The Toronto-based company received US$1,200,000, adding to a previous US$1,800,000 tranche completed in September 2024. This financing is part of a US$6,000,000 structured loan provided by its major shareholder.
On October 21, 2024, PPX signed an Engineering, Procurement and Construction (EPC) contract to facilitate the construction of a 350 tpd CIL and Flotation plant. This plant is designed to process materials from the Igor Project located in La Libertad, Peru. Construction began in November 2024, with major plant components already ordered and additional engineering underway.
The company anticipates the delivery of plant equipment by the end of February. Additionally, the construction crew and equipment are expected to arrive at the project site by the last week of January 2025.
R. E.
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