Energy Today completes plant design for Palmichala gold project

Energy Today Corp. says it has finished engineering and design work for a new processing plant at its Palmichala Gold Project in Remedios, Colombia. The company says the facility could lift monthly ore throughput from 400 tonnes to 6,000 tonnes and sharply increase gold output if it is commissioned. Why it matters: - Energy Today says the new plant could lift monthly ore processing capacity by 15x, from 400 tonnes to 6,000 tonnes. - The company says that scale-up could materially increase gold output and reduce reliance on third-party processing facilities. - The project sits in Remedios, Antioquia, one of Colombia’s historic gold-producing districts. What happened: - Energy Today Corp. completed the engineering and design phase for a new processing plant at the Palmichala Gold Project in Remedios, Antioquia, Colombia. - The plant was designed by a specialized Chinese engineering firm. - Management framed the design completion as a key step in the company’s production expansion plan. The details: - Current operations process about 400 tonnes of ore per month. - Current output is estimated at 17.78 kilograms of gold per month, with gross production value of about US$1.45 million. - The company also cited first production of 127.68 tonnes of ore, generating 5.93 kilograms of gold and a gross production value of about US$482,526. - Upon commissioning, the new facility is expected to process about 6,000 tonnes of ore per month. - Energy Today says that throughput increase would represent a 1,400% gain. - Based on current production metrics, the company estimates monthly gold output could rise to 266.8 kilograms. - Energy Today estimates gross monthly production value could exceed US$21.7 million. - The company says the expanded infrastructure is intended to support future growth and improve operational flexibility. Between the lines: - The design milestone matters more for what it signals than what it guarantees: the project is still moving toward commissioning, not full commercial operation. - The scale of the projected increase suggests management is positioning Palmichala as a much larger production asset if financing, approvals and execution line up. - The release also links the mining project to broader regional development and shareholder value themes, which is typical for resource companies seeking support for expansion plans. What’s next: - Energy Today said it expects the new processing facility to be commissioned after the design phase. - The company did not provide a construction timeline in the release. - QED Connect said it intends to provide shareholders with updates on project milestones and strategic developments as initiatives evolve. The bottom line: - Energy Today has cleared a key engineering step for a major capacity expansion at Palmichala, but the investment case now depends on execution, funding and eventual commissioning.