Interview with Wojtek Wodzicki, President & CEO of NGEx Minerals (TSX-V: NGEX)

Our previous interview: https://www.cruxinvestor.com/posts/ng...

Recording date: 15th March 2024

Copper is poised to be a key player in the global shift towards clean energy, and NGEx Minerals (TSX: NGEX) is well-positioned to capitalize on this opportunity. With two high-quality copper projects in the prolific Vicuña district of Chile and Argentina, a strong management team, and a healthy balance sheet, NGEx Minerals offers investors a compelling opportunity to gain exposure to the growing demand for copper.

As countries around the world set ambitious targets to reduce greenhouse gas emissions and combat climate change, the demand for copper is expected to soar. Renewable energy technologies such as wind and solar require significantly more copper compared to traditional energy systems. The rapid adoption of electric vehicles (EVs) is also driving copper demand, as EVs use up to four times more copper than conventional internal combustion engine vehicles.

Wojtek Wodzicki, CEO of NGEx Minerals, highlights the potential supply gap: "Copper is definitely going to be one of the assets that we need over the next couple of years. Argentina's got some great projects that will be unlocked with some of the changes that he's proposing. We're very optimistic about Argentina."

NGEx Minerals' portfolio includes two main projects: Lunahuasi and Los Helados. Lunahuasi is a new high-grade copper discovery still in the early stages, with potential for significant value creation as the resource is defined. Los Helados is a more advanced copper-gold-silver deposit with a large resource, providing additional value to the company.

The company's management team has a track record of successful exploration and value creation through spin-outs in the Vicuña district. This experience and expertise position NGEx Minerals to maximize shareholder value as they advance their projects.

As of December 31, 2023, NGEx Minerals had approximately $70 million in cash, providing ample resources for exploration and development. This strong financial position allows the company to aggressively pursue its exploration plans and create value for shareholders.

Wodzicki emphasizes the value creation potential in copper exploration: "The inflection point in that curve is really right after you make your initial discovery and... a lot of the value, not just for exploration companies, but really if you look at the overall mining industry, that is where a lot of the value is created, is between that initial discovery hole and when you define the resource and start working on your engineering study."

NGEx Minerals offers investors a compelling opportunity to gain exposure to the growing demand for copper driven by the green energy transition. With high-quality assets, an experienced management team, and a strong balance sheet, the company is well-positioned to create value for shareholders as they advance their projects.

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