EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”),
(CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) is pleased to report that
advances in its formula have resulted in the selective dissolution
of Palladium (Pd) from multi-metal sources into aqueous solution.
Recent test work on samples, using modified
conditions of Enviroleach’s proprietary chemistry, was carried out
to evaluate the extraction of palladium from ceramic based
catalytic converters. Initial testing showed approximately
90% recovery of the contained palladium was achieved in less than 2
hours. Some of the early results are provided in the table
below.
|
Cal Head(g/t Pd) |
Assayed (g/t Pd) |
Residue (g/t Pd) |
Recoveries (%) |
Test |
30 min |
60 min |
90 min |
120 min |
CZ301 |
3,170 |
3,300 |
339 |
73.7 |
76.5 |
76.7 |
90.1 |
CZ302 |
3,390 |
3,300 |
287 |
79.8 |
89.5 |
- |
92.0 |
Initial electrowinning tests on the recovery of
Palladium from solution was also positive. One sample, with an
initial SOL grade of 159 PPM Pd, attained an 83% recovery of metal
from solution within 40 minutes of the electrowinning process.
Further internal testing is planned to optimize
the chemistry and leach conditions. Validation work will be
contracted to an external lab after the internal development and
optimization has been completed. Additional studies are also being
performed on the effectiveness of our modified solution on the
other Platinum Group Metals including Platinum (Pt). The
Company is currently investigating the potential of pilot scale
testing in Q3/Q4 of this year.
Duane Nelson, President and CEO of EnviroLeach,
states; “I am very pleased that our environmentally friendly
chemistry and process can be modified to extract palladium. This is
another important breakthrough by our brilliant team of scientists
and provides EnviroLeach with strategic access to another
multibillion-dollar market sector”.
A catalytic converter is an automotive device
used to convert toxic vehicle emissions to less harmful
substances by way of catalyzed, or accelerated, chemical reactions.
Most present-day vehicles that run on gasoline, including
automobiles, trucks, buses, trains, motorcycles, and planes, have
exhaust systems employing a catalytic converter.
The current price of Palladium has now surpassed
gold and is trading at $1,563 per ounce. Recent Automotive
Catalytic Converter Market report by Allied
Market Research, projects that the global automotive
catalytic converter market size is expected to reach $183.4 billion
by 2022, registering a CAGR of 7.7% from 2016 to 2022.
According to the “2017 PGM Market Report” from
Johnson Matthey, throughout the last six years, the global shortage
of platinum averaged 346,600 ounces annually, while the shortage of
palladium was 806,300 ounces annually. These shortages highlight
the need for auto catalyst recycling. It is estimated that up
to 30 percent of PGMs will come from the recycling industry by
2021.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology company
that is engaged in the development and commercialization of
environmentally-friendly technologies for the recovery of precious
metals in the mining and E-Waste sectors. Using its proprietary
non-toxic, water-based, and near neutral pH treatment process,
EnviroLeach extracts precious metals from mining ores,
concentrates, and E-Waste using only FDA approved additives at
ambient temperatures.
Backed by a staff of highly experienced
scientists and engineers, and based on years of research, including
independent validations and pilot scale test programs,
EnviroLeach’s technology is poised to become the world standard in
eco-friendly 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
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:
Todd BeavisEnviroLeach Technologies Inc.
info@EnviroLeach.com
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