NGEx Minerals Business Summary

NGEx Minerals Ltd. (NGXXF) is a Canadian-based mineral exploration and development company that operates within the Lundin Group of Companies. The firm does not currently generate operational revenue; instead, its business model focuses on creating shareholder value through the discovery, definition, and advancement of world-class copper-gold-silver deposits in South America’s Vicuña District. Its primary business segments are centered on its 100%-owned Lunahuasi project in Argentina, which recently yielded ultra-high-grade drill results, and its majority interest in the Los Helados project in Chile. The company sustains operations through strategic equity financing, notably from the Lundin Family Trusts, and recently optimized its portfolio by spinning out its royalty interests into LunR Royalties Corp. Within the competitive landscape, NGEx positions itself as a high-reward explorer and developer, often compared to peers such as Foran Mining, Hudbay Minerals, and Americas Gold and Silver, distinguishing itself through its unique access to the emerging Vicuña District and its proven track record of resource discovery. NGEx was established in 2019 as a spin-out from Josemaria Resources and is led by President and CEO Dr. Wojtek Wodzicki, a veteran geologist with over 30 years of experience who received the 2024 PDAC Thayer Lindsley Award for his role in discovering the Vicuña District. The executive team includes CFO Jeff Yip, a Chartered Professional Accountant with extensive experience in the Lundin Group, and Vice Presidents Robert Carmichael (Exploration) and Arndt Brettschneider (Operations & Projects), both of whom bring decades of international mining expertise. The Board of Directors is chaired by William Rand and includes prominent industry figures such as Adam Lundin and Alessandro Bitelli. The company’s leadership is deeply integrated with the Lundin Group’s pedigree, providing a significant competitive advantage in capital markets and technical execution as they advance their flagship projects toward potential production or M&A exits.