NewGenIvf Group announces proposed reverse merger with SAXA

NewGenIVF announced the execution of a non-binding term sheet regarding a proposed reverse merger with SAXA, an international holdings company focused on mining and processing operations. To facilitate the due diligence process, the Company has engaged with an international mining consultancy firm, with over thirty years of global experience in the mining industry and operations across Asia, Africa and the Americas, to conduct a technical review of the mining projects involved in the Proposed Transaction. The Proposed Transaction is expected to provide NewGen with access to SAXA’s portfolio of mining assets originally valued at US$11 billion, including an NI 43-101 validated gold and silver mine with 1.9 million ounces of gold and 4.4 million ounces of silver in measured reserves. A planned G.E.M.S. dual processing facility, designed as a US$1.5 billion state-of-the-art integrated hub for processing both precious metals and rare earths, positions the combined entity to capitalize on the growing demand for critical minerals essential to U.S. national security and industrial applications.