EnviroLeach Technologies Inc. (CSE:ETI) (OTCQB:EVLLF), is pleased
to announce that it has entered into a strategic global partnership
with Jabil Inc. (NYSE:JBL). As part of the partnership, Jabil
will utilize EnviroLeach’s patent-pending formula and processes for
the recovery of metals from circuit boards and electronic waste
(e-waste). The innovative new process will first operate at Jabil’s
650,000-sq. ft. facility located in Memphis, Tennessee.
EnviroLeach’s cyanide-free and acid-free based
chemical formula operates at ambient temperature and at near
neutral pH. The eco-friendly process helps responsibly manage the
fastest growing waste stream in the world - electronics.
Further to the news release of August 30, 2017,
EnviroLeach reports that they and Jabil are developing an initial-5
tonne per day pilot plant for the processing of E-Waste at the
Memphis facility. The plant will encompass all aspects of the
recycling process, including the de-manufacturing, milling and the
chemical extraction of metals. The plant will be built in
Vancouver, BC. Jabil and EnviroLeach will be contributing to the
costs of development. The financial terms of the relationship are
not considered material at this time. As previously announced,
EnviroLeach has partnered with MineWorx Technologies (TSX-V:MWX) on
the design, engineering and specifications and testing of this
revolutionary technology.
“Jabil is pleased to introduce this
environmentally-conscious and sustainable solution into our
extensive portfolio of capabilities,” said Eric Austermann, Jabil’s
Vice President of Social and Environmental Responsibility. “For
over 50 years Jabil has provided manufacturing and supply chain
solutions to some of the world’s largest brands. The
challenge of responsibly disposing of e-waste has persisted, until
now. With this solution, we have an opportunity to be on the
forefront of sustainably disposing of the world’s fastest growing
waste stream.”
Duane Nelson, EnviroLeach CEO, said they are
also exploring the use of the chemical formula into the recovery of
rare earth metals and the recycling of lithium ion batteries with
Jabil. “We are thrilled to partner with Jabil and feel honored that
they chose our process as the foundation to build upon,” said
Nelson. “With Jabil, we hope to expand this truly remarkable
solution globally,” Nelson concluded.
About EnviroLeach
EnviroLeach Technologies (CSE: ETI, OTCQB:
EVLLF) is a science and technology company engaged in the
development and commercialization of environment-friendly formulas
and technologies for the treatment of materials in the mining and
E-Waste sectors. Using its proprietary non-cyanide, non-acid based
process, EnviroLeach extracts precious and base metals from ores,
concentrates, e-waste and tailings. Further information is
available on EnviroLeach’s website: EnviroLeach.com
About Jabil
Jabil (NYSE: JBL) is a product solutions company
providing comprehensive electronics design, production and product
management services. Headquartered in St. Petersburg, Florida,
Jabil is the third-largest manufacturing services provider in the
world; operating over 100 locations in 28 countries; and serving
the healthcare, packaging, mobility and wearables, aerospace,
enterprise, digital home, point-of-sale, automotive, printing and
energy industries. Further information is available on Jabil's
website: jabil.com
EnviroLeach Forward-Looking
Statements
This News Release contains “forward-looking
information” and “forward looking statements” within the meaning of
applicable Canadian and United States securities legislation.
Statements contained herein that are not based on historical or
current fact, including without limitation statements containing
the words “anticipates,” “believes,” “may,” “continues,”
“estimates,” “expects,” and “will” and words of similar import,
constitute “forward-looking statements” within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking information may include, but is not limited to,
information with respect to our Research and Development
activities, the accuracy of our capital and operating cost
estimates; production and processing estimates; the results, the
adequacy of EnviroLeach’s financial resources and timing of
development of ongoing research and development projects, costs and
timing of future revenues or profits and adequacy of financial
resources. Wherever possible, words such as “plans”, “expects”,
“projects”, “assumes”, “budget”, “strategy”, “scheduled”,
“estimates”, “forecasts”, “anticipates”, “believes”, “intends”,
“targets” and similar expressions or statements that certain
actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved, or the negative forms of any
of these terms and similar expressions, have been used to identify
forward-looking statements and information. Statements concerning
future revenue or earnings estimates may also be deemed to
constitute forward-looking information.
Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance are not statements of historical fact and may be
forward-looking information. Forward-looking information is subject
to a variety of known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ from
those expressed or implied by the forward-looking information.
Forward-looking information is based on the expectations and
opinions of EnviroLeach’s management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may
prove to be imprecise. We do not assume any obligation to update
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
applicable law. For the reasons set forth above, prospective
investors should not place undue reliance on forward-looking
information. The CSE has not approved or disapproved of the
information contained herein.
Contact Information:
EnviroLeach, Inc.
Duane Nelson
CEO
info@enviroleach.com
JABIL, Inc.
Beth Walters
SVP, Communications & Investor Relations
Beth_walters@jabil.com
Jabil (NYSE:JBL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Jabil (NYSE:JBL)
Historical Stock Chart
From Apr 2023 to Apr 2024