NEWLOX GOLD VENTURES CO. WKN: A1XFBG ISIN: CA65151R1001 Kürzel: LUX Forum: Aktien Thema: Hauptdiskussion

„Thank you for reaching out and for your interest in Newlox Gold. As you are aware, we have had some struggles with the state-owned electrical company over the summer, which has been holding us up. However, we do have approval on an expedited plan to resolve the electrical issue and implementation of that plan is now underway. With stable power at plant 1 and 2, we expect to return to the program on production growth shortly. We have already paid for the equipment for the power upgrades and should have all the equipment delivered very soon. Regarding the transformer, we were able to secure one for immediate delivery and will be announcing the start of installation shortly. You are correct that transformers are hard to come by these days, and considerable effort was taken to ensure we have one for our use. We will be making an announcement when all the equipment is in hand and, of course, another announcement when Plant 2 begins operating.“