- Business
- Newlox Gold Ventures Corp. operates as an environmental remediation and mineral recovery company focused on recovering residual gold and silver from historical artisanal mine tailings in Latin America; it employs proprietary technologies including Organic Aqua Regia for gold extraction and low-energy mercury remediation systems to process contaminated waste while producing precious metals; through its wholly owned subsidiary Oro Roca S.A., the company runs processing plants in Costa Rica that remediate tailings from over a century of inefficient small-scale mining, targeting local mining cooperatives and formalized artisanal operators as feedstock suppliers. Newlox Gold maintains operations primarily in Costa Rica with expansion plans into Colombia, Ecuador, Brazil, and other Latin American jurisdictions; it was founded in 2011 and maintains headquarters in Vancouver, British Columbia, Canada; the company trades on the Canadian Securities Exchange under ticker LUX.CN, Frankfurt under NGO, and OTC under NWLXF. Recent developments include a July 2025 capital raise of up to $3 million to fund Plant 2 commercialization, ore acquisition, and audit finalization, targeting initial throughput of 20 tonnes per day scaling to 50 by year-end; Plant 2 advances with installed ore feeders, conveyors, and electrical systems tested, supported by lab analyses from CIMEX at the National University of Colombia confirming high recovery rates; April 2025 operational updates highlight 90% recovery and 86% plant availability at the existing facility amid working capital improvements post-cease trade order revocation, alongside due diligence for a second Costa Rica site and management transitions including new CEO Gary MacDonald.