Newlox Gold Ventures Corp. Announces 10-Year Joint Venture in Costa Rica, a New Framework for Responsible Processing Services.

Executive Summary

• Newlox Gold Ventures Corp. entered into a definitive 10‑year joint‑venture agreement (with optional five‑year extensions) with the legal operator of a strategic mining concession in Costa Rica, establishing a scalable “processing‑as‑a‑service” model for artisanal and small‑scale mining (ASM).
• The JV provides Newlox funding for exploration, resource development, and construction/operation of company‑owned, mercury‑free processing facilities; revenues from precious‑metal sales will be shared per the agreement, and Newlox’s advances will be repaid from JV cash flows.
• Management change announced: CFO Jeffrey Benavides departs; Alex MacKay assumes the CFO role.

Key Details

• Joint Venture Term: Initial 10‑year term with options for successive five‑year extensions.
• Scope of Partnership: Newlox will supply strategic capital to support expanded exploration, ore resource development, and build/operate state‑of‑the‑art processing plants owned by Newlox.
• Processing Technology: Mercury‑free, environmentally responsible technologies designed for ASM operators; aims to improve economics and reduce health/environmental risks.
• Revenue Sharing: Sale proceeds from recovered gold/silver will be distributed between Newlox and the concession operator according to commercial terms of the JV.
• Repayment Structure: Funds advanced by Newlox are to be repaid from JV cash flows, creating a sustainable financial arrangement for both parties.
• Strategic Intent: The Costa Rica JV serves as a template for future partnerships with licensed ASM concession operators in other jurisdictions; Newlox plans to announce additional JVs in upcoming quarters pending due‑diligence and regulatory approvals.
• Operational Update Expected: Management indicated an operational update will be released soon, following a review of the Costa Rican assets and facility upgrades.
• Management Change: Director and CFO Jeffrey Benavides has departed; Alex MacKay appointed as new Chief Financial Officer.

Notable Quotes

“This agreement in Costa Rica marks the launch of our broader strategy to become the leading provider of responsible, optimized, processing and development services to legal ASM operators across multiple jurisdictions,” – Gary MacDonald, CEO, Newlox Gold Ventures Corp.