EnviroLeach Technologies Inc. (the "Company" or "EnviroLeach"),
(CSE:ETI) (OTCQB:EVLLF), in conjunction with Mineworx Technologies
(“Mineworx”), (TSXV:MWX), (OTCQB:MWXRF), are pleased to provide the
following corporate Year-End update on their activities.
2017 was a pivotal year for both EnviroLeach and
Mineworx. The companies successfully advanced their proven chemical
formulas and mechanical processes with several additional
proprietary and patent-pending breakthroughs. These new discoveries
include significant enhancements to the proven EnviroLeach E-Waste
process with respect to improved leach kinetics, improved
recoveries, metal complex stability, element selectivity, metal
precipitation and the reusability of the primary solution.
EnviroLeach will continue to investigate
additional applications of its formula to enhance its future
offerings. The Company plans to expand its reach into the
recoveries of strategic metals including lithium and cobalt from
lithium ion batteries and the recovery of select rare earth
elements.
EnviroLeach and Mineworx completed a series of
successful pilot scale tests throughout 2017 and completed the
design and engineering and construction of the first production
scale, 10 tonne per day E-Waste processing plant which was
installed on-schedule and on-budget at the Memphis, Tennessee
facility. Both EnviroLeach and MineWorx employees continue to
work diligently at the Memphis location with full-scale trials
expected to continue into late January 2018. The anticipated
environmental footprint of this plant will be almost zero, with no
water effluent, off-gassing or landfilled tailings. The plant will
produce precious metals at a much-reduced carbon footprint to that
of conventional mining.
About the E-Waste Management Sector
According to the Global E-Waste Monitor 2017,
released by ITU, the UN University (UNU) and the International
Solid Waste Association (ISWA), in 2016, 44.7 million metric tonnes
of E-Waste were generated, an increase of 3.3 million metric
tonnes, or 8 per cent, from 2014. Experts foresee e-waste
increasing a further 17 per cent to 52.2 million metric tonnes by
2021. In 2016, only about 20 per cent, or 8.9 million metric
tonnes, of all e-waste was recycled.
Low recycling rates can have a negative economic
impact. In 2016, it was estimated that e-waste contained rich
deposits of gold, silver, copper, platinum, palladium and other
high value recoverable materials, whose total value is estimated at
$65 billion, a figure exceeding the gross domestic product of many
countries in the world.
Duane Nelson, EnviroLeach CEO, states,
"According to Apple’s latest sustainability report, just 100,000
iPhone 6 devices contain, 1.3 kg Gold, 7 kg of silver, 0.4 kg
platinum group metals, 550 kg cobalt and 800 kg of copper worth
some $102,000 or approximately $7,900 per tonne. Compared to
today’s conventional mining, where the world’s average current gold
grade is worth some $43.00 per tonne, the financial metrics of
urban-mining (E-Waste) are compelling." The Company also reports it
has received inquiries from over 20 countries regarding potential
partnerships on E-Waste processing plants world-wide.
About the Mining Sector
The hydrometallurgical extraction of gold from
ores, concentrates, and tailings in a cost effective and
environmentally safe manner offers an interesting
challenge. Conventional gold mining operations rely
heavily on cyanide leaching as the predominant method for
recovering gold from ores and concentrates. Cyanide has been the
leach reagent of choice in gold mining because of its high gold
recoveries, robustness and relatively low cost.
A recent study by SME (Society for Mining,
Metallurgy and Exploration) indicates that over 76% of gold is
produced using cyanide extraction. The gold mining sector uses
approximately 66,000 tons of sodium cyanide
worldwide. Although cyanide has been safely used on
hundreds of mines worldwide, both the use, disposal and social
implications of cyanide present significant safety, permitting and
environmental risks.
The EnviroLeach process provides a
cost-effective alternative to cyanide offering similar or improved
leach kinetics on most ores and concentrates (including ores that
contain arsenic, copper, sulfides etc.). The reagent is
environmentally-friendly, safe, stable, has a broad applicability
spectrum making it an ideal alternative to cyanide in vat leaching
operations worldwide.
The Company has completed thousands of tests and
assays on a variety of ores, concentrates and tailings with very
positive results and continues to work with select mining companies
to advance the chemistry and processes within this sector. To-date,
EnviroLeach and Mineworx have received inquiries from over 100
mining companies in over 20 countries worldwide.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology company
and near-term gold producer that is engaged in the development and
commercialization of environmentally-friendly formulas and
technologies for the treatment of materials in the mining and
E-Waste sectors. Using its proprietary non-cyanide, water-based,
near neutral pH treatment process, EnviroLeach extracts precious
metals from ores, concentrates, and E-Waste using only FDA approved
additives to ambient temperature water.
Backed by the momentum of a first-class
staff of scientists and engineers, tens of thousands individual
assays, independent validations and strategic partners,
EnviroLeach’s technology will become the standard for the provision
of eco-friendly methods for the hydrometallurgical extraction of
precious metals in both the conventional mining and E-Waste
sectors.
Further information is available on the
EnviroLeach web site: https://enviroleach.com
About Mineworx
Mineworx is positioned for growth through
partnerships with advanced mining and E-Waste opportunities
utilizing the EnviroLeach precious metals extraction process and
patent-pending portable extraction technologies. These innovations
will increase and enhance business opportunities by deploying cost
effective, environmentally friendly extractive metallurgy
solutions.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Further information is available on the Mineworx
web site: https://mineworx.net
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 Technologies Inc.
Duane Nelson
President & CEO
info@EnviroLeach.com
Mineworx
Technologies Ltd. Rick Gliege, V.P. Corporate
Development250-751-3661rick@mineworx.net
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