Company Overview

NGEx Minerals Ltd. is a Canadian mineral exploration company focused on the discovery and development of large-scale copper, gold, and silver deposits in South America. The company operates primarily in the mining and natural resources sector, with a strategic emphasis on high-grade copper-gold systems associated with the Andean copper belt. NGEx Minerals is publicly traded in Canada and the United States and is affiliated with the Lundin Group of Companies, a network of resource-focused businesses with a long history in international mining development.

The company’s principal assets are advanced-stage exploration projects in Argentina and Chile, most notably the Lunahuasi Project and the Los Helados Project. NGEx Minerals generates value primarily through mineral exploration, resource expansion, and project advancement rather than producing operating revenue from mining activities. Its strategic positioning is tied to ownership of large-scale copper exposure in regions viewed as increasingly important to global electrification demand and long-term energy transition supply chains. NGEx Minerals evolved from earlier Lundin-affiliated exploration structures and was formed to consolidate and advance specific South American copper-gold exploration assets.

Business Operations

NGEx Minerals conducts exploration and development activities through its principal mineral property holdings in the Andes region. Its operating focus centers on the advancement of the Lunahuasi copper-gold-silver project in Argentina and its interest in the Los Helados copper-gold project in Chile. The company’s business model involves geological exploration, drilling programs, resource delineation, metallurgical studies, and technical assessments designed to increase asset value and support future development decisions. Revenue generation is currently tied to capital market financing rather than commercial production.

The company operates internationally, with activities concentrated in South America, particularly along the Argentina–Chile border region known for major porphyry copper systems. NGEx Minerals benefits from technical expertise and strategic relationships associated with the Lundin mining ecosystem. The company also participates in project partnerships and shared infrastructure discussions related to regional mining development. Its assets include mineral concessions, exploration data, drilling infrastructure, and geological intellectual property associated with high-altitude Andean exploration projects.

Strategic Position & Investments

NGEx Minerals’ strategic direction is centered on expanding and advancing copper and precious metals resources that may become economically significant under long-term global demand scenarios for electrification and industrial metals. The company has prioritized aggressive drilling campaigns at Lunahuasi, where exploration results have indicated high-grade mineralization potential. It also maintains exposure to the larger-scale Los Helados deposit, which has been studied as part of a broader district-scale mining opportunity in cooperation with regional stakeholders.

The company’s growth strategy relies on continued exploration success, resource expansion, and technical de-risking of its core assets. NGEx Minerals is also positioned within the broader Lundin Group network, which historically has supported exploration financing and project advancement across the mining industry. Its investment focus remains concentrated on copper-related assets due to expected long-term demand growth associated with renewable energy systems, electric vehicles, and global infrastructure modernization. Data regarding future production timelines or definitive development outcomes remains inconclusive based on available public sources.

Geographic Footprint

NGEx Minerals is headquartered in Canada, with operational activities concentrated in the Andes region of South America. Its primary exploration properties are located in Argentina and Chile, two of the world’s most significant copper-producing jurisdictions. The company’s projects are situated in high-altitude mining districts that host several globally important copper and gold deposits.

The company maintains a regional presence through exploration offices, field operations, contractors, and geological teams operating near its project sites. Its international influence is primarily tied to mineral exploration investment rather than diversified commercial operations across multiple continents. NGEx Minerals’ assets are strategically located within established mining corridors that benefit from existing regional expertise and proximity to other major mining developments.

Leadership & Governance

NGEx Minerals is led by executives and directors with significant experience in international mining exploration, project development, capital markets, and geological sciences. The company’s governance structure reflects strong ties to the Lundin Group tradition of resource entrepreneurship and long-term mineral asset development. Leadership has consistently emphasized disciplined exploration, technical excellence, and the advancement of district-scale copper opportunities in South America.

Key executives include:

• Wojtek Wodzicki – President and Chief Executive Officer
• Michele Della Libera – Chief Financial Officer
• Paul Conibear – Chairman
• Hans Backman – Director
• Braj K. Singh – Director
• Daniel Fitzgerald – Director

Management strategy has focused on systematic exploration drilling, capital allocation toward high-priority targets, and maintaining exposure to long-term copper market fundamentals. The company’s leadership philosophy emphasizes geological discovery potential and value creation through staged project advancement rather than near-term production.