PPX Subscribes MOU With CVC for Energy Supply

PPX Mining Corp. has signed a Memorandum of Understanding with Consorcio Eléctrico de Villacurí S.A.C. (CVC) for electricity supply at its planned CIL and flotation plant in La Libertad, Peru. The plant will process ore from the Callanquitas Mine.

CVC will cover the capital required for the energy supply and will manage the electrical interconnection project. This partnership aims to enhance the plant's production capabilities through a sustainable energy source.

CVC's proposal was chosen over gas and diesel alternatives, optimizing operations and reducing pre-production capital costs. The final agreement is expected in the coming months.