Mineworx Provides Further Update on Corporate E-Waste Concentration Plant
December 11 2018 - 6:30AM
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 provide, along with its JV partner EnviroLeach
Technologies, an update on the JV Corporate plant in Vancouver,
B.C.
As outlined in in EnviroLeach’s new release of
today, Phase 2 of the JV Vancouver E-Waste processing plant is now
underway. This phase includes the development of version 2.0 of
chemical treatment plant.
This phase of the plant will consist of the
continuous chemical treatment of the organic/light fraction
produced by the current concentrate line, followed by secondary
density separation, proprietary attrition scrubbing, agitation,
dissolution of the metals into aqueous solution, solid/liquid
separation and finally the extraction of the precious metals from
the pregnant solution. The barren solution is then regenerated and
reused. The resulting dried tailings will be shipped to our partner
and will be repurposed in the manufacturing of cement products.
Many improvements and enhancements have been
made to the chemical formula and processes leading to a
significantly reduced leach cycle time, lower chemical consumption
and improved recoveries.
The entire process operates in a near zero
environmental footprint with no landfilling of waste, no
atmospheric off-gassing and no water effluent. This results in the
most economic and ecologically friendly Printed Circuit Board “PCB”
recycling process in the world.
The anticipated completion date of Phase 2 is
estimated for Q2 2019.
Greg Pendura, President and CEO commented, “I
want to commend both the Mineworx and EnviroLeach teams on the
successful launch of the JV’s proprietary concentration plant. This
has now paved the way for the addition of a chemical treatment line
allowing us to maximize the recovery of precious metals from the
organic/light fraction following concentration. We look forward to
showcasing our complete plant as an eco-friendly solution to our
current and future potential partners in the E-Waste sector.”
The capital investment for the process plant is
comparatively low, the entire Vancouver facility is projected to
cost $4 million USD with a designed capacity of 20 tonnes of PCB
per day. This plant offers the exclusive ability to concentrate
low-grade boards without loss of precious metals in the
organic/light fraction and produce a high-grade metal, low-grade
organic based concentrate appealing to all smelters and
refiners.
As part of the E-Waste JV agreement with
EnviroLeach, Mineworx will be providing 20% of the funding towards
this development. All the Mineworx design and fabrication resources
continue to be entirely devoted to the completion of the fully
functional Vancouver facility.
Mineworx, which holds a license in perpetuity for use in mining
applications from EnviroLeach Technologies for their
patent-pending, environmentally-friendly leach, will also continue
to develop its opportunities in the traditional mining sector by
utilizing the Company’s business model for smaller, high grade gold
deposits, providing a solution to property owners experiencing
permitting issues with respect to toxic cyanide leaching or seeking
an environmentally-friendly alternative to cyanide through its
current technologies.
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.
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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