# NewGen announces proposed reverse merger with SAXA in $5 billion mining asset deal

NewGenIVF Group Limited announced a non-binding term sheet for a proposed reverse merger with SAXA, Inc., involving mining assets valued at US$11 billion, including a gold and silver mine and a planned G.E.M.S. processing facility.

- Type: Acquisition
- Announced: 2025-06-30
- Value: $5.00B
- Status: announced
- Products: gold, silver, rare earth minerals
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [NewGenIVF Group Limited](https://endata.com/companies/85692.md) (acquirer)
- [SAXA, Inc.](https://endata.com/companies/85693.md) (target)

## Sources

- [markets.financialcontent.com](https://markets.financialcontent.com/concordmonitor/article/gnwcq-2025-11-3-newgen-announces-proposed-reverse-merger-with-saxa-inc-in-a-5-billion-mining-asset-acquisition-deal-involving-gold-silver-and-rare-earth), 2025-06-30: "This potential transaction represents a transformational strategic opportunity that will create massive shareholder value, and we believe it aligns perfectly with our vision of diversification and the pursuit of new opportunities across industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.