News

JEX to commence work at Ma’aden, a company owned by the Kingdom of Saudi Arabia, to deploy its Hydro-JEX® Technology at Ma’aden’s large gold mine in Saudi Arabia.  JEX expects to be able to commence work in August and to continue a multi unit engagement after a successful initial deployment.  
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After successful initial deployment of its Hydro-JEX® service, Phase II was initiated on March 27, 2026, and is currently ongoing at the world’s 7th largest copper mine.
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Following the highly successful completion of the initial deployment of the first phase of JEX operations at Heliostar Metals La Colorada gold mine, Heliostar has agreed to move to expanded operations with JEX - and doubling JEX operations at La Colorada mine.
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Cyprium announced that JEX would be treating the first 50% of its current 20 million ton  pad that is under redevelopment, starting in May, 2026 under a previously signed Master Services Agreement with continuation to other pads anticipated.
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Austral Resources announced in that it would be employing JEX to recover the remaining inventory at its Lady Annie in northern Queensland.  Austral intends to harvest unreachable inventory with JEX’s unique technology, with work commencing in June 2026 and  with intent to treat all of Austral’s Pads.
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Freeport McMoran increased its investment in JEX common stock bringing its total investment to $11 million.
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JEX has entered into a contract to deploy the Hydro-JEX® Technology at Heliostar’s La Colorada gold mine in Sonora, Mexico.  The initial deployment is to be followed by industrial scale implementation. 
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JEX has commenced the initial phase of injection operations at Nevada Gold Mines’ Gold Quarry Mine in Nevada.  Nevada Gold Mines is a joint venture between Barrick Gold and Newmont. 
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Cerro Verde is a large coper mine owned and operated by Freeport McMoran Inc. The deployment is a part of JEX’s relationship with Freeport and under its overall Master Services Agreement structure.
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Investment totaled $22.5 million in JEX common stock at $5 share.
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Operations produce 3 million pounds of copper at a marginal cost of $.082 per pound and positions JEX for larger freeport deployment.
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In furtherance of its announcements made dated February 20, 2024, JEX began its initial deployment of the Hydro-JEX® Technology. The initial deployment includes injection services at a number of the leach pads at the Morenci mine in Arizona, one of the largest and oldest copper operations in the United States. 
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Freeport McMoran Inc. (“Freeport”) has entered into an equity Investment Agreement and a Research and Development Collaboration Agreement (“Collaboration Agreement”) with JEX in a significant move forward for the Company. The Collaboration Agreement provides a means for Freeport to utilize JEX in the global deployment of the Hydro-JEX® Technology. 
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Sumitomo Corporation completed an equity investment into JEX common stock. In addition to the investment, JEX and Sumitomo will cooperate on strategic matters relating to the growth of JEX and plans to enter into a comarketing agreement to leverage the position of Sumitomo in the resource industry around the world.  
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JEX has entered into a Master Services Agreement (“MSA”) with Freeport McMoran Inc. in order to contract to provide its Hydro-JEX® services and operations on Freeport sites.  The MSA will be the form to be used in work performed by JEX at all of the Freeport operations in the United States, and elsewhere in the world.  
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JEX’s first operations in a low grade sulfide stockpile were successfully carried out with a number of deep injection wells at Anglo American’s Los Bronces Mine.  The material was of run of mine size and involved a valley fill operation, opening up a significant market segment for the Hydro-JEX® Technology.
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A demonstration injection project at Chuquicamata proved the beneficial impact of JEX’s Hydro-JEX® technology.  A total of 18 wells were injected resulting with significant additional recovery of copper.  In just 44 days of effective injection, 26.3% of the copper remaining in the pad after previous leaching was recovered yielding additional copper at an economic benefit to the operation. 
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JEX completed a successful initial injection project at the Shahuindo Mine of Pan American Silver in Peru late June, 2022, while rinses of the injected area continued.  The project was the subject of a paper presented by Pan American at the PERUMIN conference in October.  With rinses still ongoing, the paper reported an increase of 2,110 ounces of gold and 10,241 ounces of silver at a cost of $600 per ounce of gold equivalent, while the stability of the pad was increased due to the removal of trapped solution.   Phase II involved the production of an expected 2,500 ounces of gold and 3,100 ounces of silver.
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A large demonstration project yielded successful gold recovery results in a low grade, previously-leached project at the Newcrest mine in Australia. 
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