NovX21 Provides Update After $3 Million Financing

NovX21 (TSXV:NOV) provided an update on its corporate and operational activities: currently, discussions are underway with banks and institutional funds for the financing of the construction and start-up of a first commercial plant. At the St-Augustin facility, modifications are presently being made to help reduce the capital and operating costs associated with the proposed plant.

Modifications are presently being made to the St-Augustin facility so that some of the equipment can be reused in the new plant, thus reducing the capital and operating costs associated with the proposed plant.

Construction of the 200 tonne-per-year plant will allow NovX21 to showcase the capabilities of its alternative process for producing platinum group precious metals and demonstrate the profitability of future operations.

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