Mineworx Provides Update on E-Waste Concentration Plant
October 04 2018 - 8:30AM
Mineworx Technologies Ltd., (the
"
Company" or "
Mineworx") (TSXV:
MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3), a leading provider of
proprietary, cost-effective, and non-toxic precious metals
extraction solutions to the E-Waste and mining industries is
pleased to announce, along with its JV partner EnviroLeach
Technologies, the completion of construction of the new proprietary
three-stage concentration plant located in our new 13,600
square-foot facility in Vancouver, B.C.
As outlined in EnviroLeach’s Corporate Update,
over the last 2 weeks approximately 10 tonnes of printed circuit
boards were successfully processed to test the performance of the
installation. The line ran at a sustained rate of 900 kg per
hour and produced a very high-quality, pure metal concentrate which
is saleable to one of our refining partners. The company
projects an initial production rate of 10 tonnes per day and plans
to add an additional shift when appropriate, increasing production
to the designed rate of 20 tonnes per day.
To accommodate the processing of larger scale
E-Waste such as complete power supplies, computer servers,
telecommunication components and cable/satellite set top boxes, an
additional large 4 cubic meter pre-shredder is being added to the
line. The new pre-shredder is expected to be fully
operational by October 15th.
The first load of 40 tonnes of printed circuit
boards recently arrived and the Company has secured an additional
400 tonnes of low to mid-grade circuit boards, cable boxes, modems
and PC/server power supplies which will be processed through
October and November.
The new concentration plant allows for the
economic extraction of all valuable metals from a significantly
wider variety of E-Waste than was initially targeted. The
process is able to separate, extract and monetize 4
fractions. The copper based precious metals concentrate will
be sold to refiners while a ferrous metal and aluminum fraction
will be sold to recyclers. The final light substrate fraction
which contains approximately 50% of the precious metals value will
be processed with the EnviroLeach formula.
The post-leached substrate material, or
tailings, will be repurposed for use in construction
materials. This new utilization of the tailings combined with
the reduction of carbon emissions from smelting plus the
EnviroLeach formula’s reusability will create the world’s only zero
emission E-Waste recycling process.
The new “Dry Side” process, combined with the
proprietary “Wet Side” leaching system, utilizing the eco-friendly
patent-pending EnviroLeach formula, now delivers significant
improvements in performance. The combined process results in
estimated metal recovery rates in the 90% to 95% range.
The intention is to produce and ship 20 tonnes of the light
substrate fraction from the Vancouver plant to the Jabil Memphis
facility in November for full-scale tank leaching. This is being
done to prove the feasibility of the complete processing cycle
which incorporates the Company’s new concentrate methods.
“Both the Mineworx and EnviroLeach teams are to be commended for
their achievements in the design and construction of the
concentration plant,” commented Greg Pendura, President and
CEO. The new modular plant was created in the new Vancouver
facility in less than three months and the enhancements to the
revised system cannot be overstated.”
About Mineworx
Mineworx is positioned for growth through
partnerships with advanced mining and E-Waste opportunities
utilizing its licensed non-toxic, cyanide-free precious metals
formula and the proprietary and patent pending, environmentally
friendly, portable extraction technologies. These innovations will
increase and enhance business opportunities by deploying cost
effective, 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.
This press release contains certain statements
which constitute forward-looking statements or information
(“forward-looking statements”), including statements regarding
Mineworx’s business. Such forward-looking statements are subject to
numerous risks and uncertainties, some of which are beyond
Iberian’s control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices,
currency fluctuations, environmental risks, operational risks in
exploration and development, competition from other industry
participants, the lack of availability of qualified personnel or
management, stock market volatility and the ability to access
sufficient capital from internal and external sources. Although
Mineworx believes that the expectations in the forward-looking
statements are reasonable, they are based on factors and
assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently
available information. Such statements are subject to known and
unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to
differ materially from those stated, anticipated or implied in the
forward-looking information. As such, readers are cautioned not to
place undue reliance on the forward-looking information, as no
assurance can be provided as to future results, levels of activity
or achievements. The forward-looking statements contained in this
document are made as of the date of this document and, except as
required by applicable law, Mineworx does not undertake any
obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this
cautionary statement.
For further information, go to www.mineworx.net
For further information
contact:
MINEWORX TECHNOLOGIES
LTD. Rick
Gliege, V.P. Corporate Development250-751-3661rick@mineworx.net
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