Mineworx Receives Notice of Allowance for New U.S. Patent
September 25 2018 - 6:00AM
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 that the U.S. Patent and Trademark Office has
recently issued a Notice of Allowance for the Mineworx patent
application number 14/097,889 pertaining to “A Portable Mining
Apparatus and Methods of Use”.
The technology for which the Notice of Allowance
has been issued is the Company’s HM X-tract mobile modular
mining/extraction process.
“Our HM X-tract proprietary mining technology,
combined with a unique operational system results in an
environmentally responsible, non-toxic process for precious metal
reclamation which requires no tailings ponds and consumes 80% less
water.”, commented Greg Pendura, CEO. “The system is capable of
high efficiency recoveries from both alluvial and crushed hard rock
deposits as well as being able to process old tailings for
remaining value. The new technology allows us to deploy rapidly,
process efficiently and decommission quickly in an environmentally
sound manner with little capital expenditure and significantly
reduced permitting process.”
The HM X-tract will target:
- Deposits previously not minable due to environmental
concerns.
- Smaller deposits where large capital expenditures are not
justified.
- Deposits in areas where permitting and lack of water prohibit
mining.
- On site cleanup of contaminants and hazardous metals such as
lead and depleted uranium on military sites and firing ranges.
- Cleanup of any other metallic solids soil contamination.
The Company will be applying to the TSX Venture
Exchange for approval to extend the expiry date of 10,491,667
outstanding common share purchase warrants that were issued as part
of a non-brokered private placement completed by the company on
January 2014. The warrants are exercisable for common shares of
Solid Resources and Iberian Minerals (now Mineworx) at a price of
26 cents per share and were previously extended to the current
expiry of November 7, 2018. The company is proposing to extend the
expiry date of the warrants to 4:30 p.m., Edmonton, Alta., time on
January 7, 2019, at such time they will terminate. All other
terms and conditions of the warrants, including the exercise price
and the accelerated expiry provision, will remain the same. The
proposed extension of the expiry is conditional upon the receipt of
exchange approval.
Additional details of the warrants are provided
in the company's press release dated Jan. 7, 2014.
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.netTel:
(250) 751-3661
Mineworx Technologies (TSXV:MWX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mineworx Technologies (TSXV:MWX)
Historical Stock Chart
From Apr 2023 to Apr 2024