NGEx Taps Lundin Mining as New Partner at Los Helados Copper-Gold Project

NGEx Minerals ( (TSE:NGEX) ) has issued an announcement.

NGEx Minerals has welcomed Lundin Mining as its new minority partner at the Los Helados copper-gold project in Chile, following Lundin Mining’s agreement to acquire JX Advanced Metals’ 30.9% interest in the joint exploration agreement. NGEx remains the majority partner and operator with a casting vote on key decisions, positioning the venture to explore development synergies with Lundin’s nearby Caserones facilities.

Management highlighted that Los Helados hosts a large, higher-grade copper, gold, and silver resource compared with Caserones, and metallurgical work indicates it can produce a high-quality, precious metal-rich copper concentrate. The project’s scale, grade profile, and proximity to existing infrastructure are presented as making Los Helados one of the strongest advanced-stage copper development opportunities, potentially enhancing NGEx’s growth prospects and strategic standing in the copper sector.

The most recent analyst rating on (TSE:NGEX) stock is a Hold with a C$31.00 price target. To see the full list of analyst forecasts on NGEx Minerals stock, see the TSE:NGEX Stock Forecast page.

Spark’s Take on TSE:NGEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:NGEX is a Neutral.

The score is held back primarily by weak financial performance (no revenue, widening losses, and heavy cash burn), despite low leverage. Offsetting factors include supportive technical positioning and a favorable run of corporate updates (funding secured, positive exploration results, and the LunR Royalties spinout/listing). Valuation remains difficult to support using earnings metrics due to ongoing losses.

To see Spark’s full report on TSE:NGEX stock, click here.

More about NGEx Minerals

NGEx Minerals is a Canadian exploration and development company focused on large-scale copper, gold, and silver deposits in South America. Its flagship Los Helados project in Chile’s Region III is one of the largest undeveloped copper-gold resources globally, positioned near existing operations and infrastructure, including Lundin Mining’s Caserones mine and the Josemaria project.

Average Trading Volume: 449,668

Technical Sentiment Signal: Buy

Current Market Cap: C$5.86B

See more insights into NGEX stock on TipRanks’ Stock Analysis page.