EnviroLeach Completes E-Waste Plant Commissioning - Preliminary Production Commences ...
November 21 2019 - 8:00AM
Mineworx Technologies Ltd., (the
"
Company" or "
Mineworx") (TSXV:
MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announce that the
Company, in conjunction with it’s majority JV partner, EnviroLeach
Technologies Inc. (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) has
completed the commissioning of its Greater Vancouver E-Waste
recycling plant.
Preliminary commercial production has commenced
at the EnviroCircuit E-Waste processing facility located in Surrey,
BC, Canada. Starting with a single shift per day, the Company will
incrementally increase process throughput to 5 tonnes per day of
printed circuit boards by January 1, 2020. Additional shifts will
be added to achieve the targeted plant capacity of 20 tonnes per
day (6,000 tonnes per year) by end of June 2020.
During commissioning, EnviroLeach has also
successfully implemented improved mechanical processes and systems,
which enable the treatment of complete IT components, such as set
top boxes, modems, power supplies, switches and routers. The
Company has also completed the installation of a new patent pending
process for the enhanced recovery of chemical ingredients and rinse
water treatment. This newly developed process not only optimizes
economics, it also ensures a sustained zero water effluent
operation.
EnviroLeach management continues to focus on
establishing additional key partnerships for both high value
E-waste feedstock and joint ventures worldwide. Over the last eight
weeks, management has generated measurable interest from several
domestic and international OEM’s and E-waste recyclers.
Duane Nelson, President and CEO comments: “We
are excited to enter the revenue stage of our operations and the
positive response from global electronics manufacturers, OEM’s and
recyclers is very encouraging. We are in a unique situation within
a rapidly expanding and under-developed sector. The results of our
extensive commercial market analysis demonstrate a vast emerging
global market now estimated to exceed 110 million tonnes annually
by 2026. OEM’s and E-waste recyclers worldwide are increasingly
seeking economic and sustainable E-waste processing solutions.
EnviroLeach’s proprietary, patent pending technology suite offers
the only true cost-effective, environmentally friendly and
sustainable solution. Our team’s priorities are to secure immediate
full capacity feedstock contracts for our initial plant and
determine the location and capacity of our next facility.”
“This is a significant milestone for the
EnviroCircuit facility, positioning it at the forefront of
commercial viability and environmentally-friendly E-Waste
recycling,” commented Greg Pendura, President and CEO of Mineworx.
“I want to acknowledge and congratulate the dedicated team efforts
of all the technical teams in realizing this achievement.”
About Mineworx
Mineworx is positioned for growth through
partnerships with advanced mining projects as well as E-Waste
opportunities through its collaboration with EnviroLeach
Technologies. By utilizing its patented and patent pending
environmentally friendly portable extraction technologies along
with its licensed non-toxic, cyanide free precious metals formula
these innovations will increase and enhance business opportunities
by deploying cost effective, extractive metallurgical
solutions.
About EnviroLeach Technologies
Inc.
EnviroLeach Technologies is a technology Company
engaged in the development and commercialization of environmentally
friendly formulas and technologies for the treatment of materials
in the mining and recycling sectors. Using its proprietary
non-cyanide, water-based, neutral pH treatment process, the
EnviroLeach formula extracts precious metals from ores,
concentrates, and E-Waste using only FDA approved additives and
ambient temperature water.
EnviroLeach has formed an unincorporated joint
venture with Mineworx Technologies Inc. to build and operate the
EnviroCircuit E-Waste recycling plant. EnviroLeach is the operator
and has control over the decision-making process of the joint
venture and will share in the profits or losses of the joint
venture on an 80% basis.
Backed by the momentum of a first-class staff of
scientists and engineers, tens of thousands individual assays,
independent validations and strategic partners and over $15 Million
dollars in research and development, 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
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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