On August 11, 2023, NGEx Minerals Ltd. completed a non-brokered private placement of 13,178,460 common shares at a price of $6.50 per common share for aggregate gross proceeds of approximately $85.7 million.

The financing was met with overwhelming demand, led by the Lundin Family and institutional investors, prompting the company to increase the overall raise from $40 million to over $85 million. The net proceeds are intended to support exploration programs in Chile and Argentina, as well as for general corporate and working capital purposes.