Mineworx Announces Process Breakthrough
August 23 2022 - 4:30AM
Mineworx Technologies Ltd., (the
"
Company" or "
Mineworx") (TSXV:
MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) is pleased to announce
that in addition to Platinum and Palladium the Company is now able
to recover Rhodium successfully from used catalytic converters.
During the past year, the Mineworx team has been
diligently working on research projects that has the potential to
increased value to the Company. One of these projects was a new
method that now allows for the recovery of Rhodium (Rh) in addition
to Platinum (Pt) and Palladium (Pd).
Rhodium is a highly valued commodity that is
present in many catalytic converters. The average spot price for Rh
in the previous thirty (30) days is approximately $13,680.00 USD
per ounce.
During research and trials conducted in
Tennessee, it was determined the existing Mineworx pilot plant
would be capable of recovering Rhodium by utilizing the newly
developed techniques. Modifications to the pilot plant required to
implement the new process were completed and did not adversely
impact the operating efficiency or processing costs of the existing
process for Pt and Pd.
The Company now plans for a full-scale set of
tests utilizing the pilot plant to confirm the commercial viability
of the initial results.
Greg Pendura, President and CEO stated, “This is
exciting news for the Company as it allows us to source a broader
range of feedstock and to recover a highly valued metal. We have a
talented research team whose efforts continue to deliver new
opportunities for the Company.”
About Mineworx
Mineworx is positioned for growth in the
catalytic converter sector through the development and
commercialization of its environmentally friendly processing
technologies for the recovery of precious metals. Initial focus is
the extraction of platinum and palladium from diesel catalytic
converters supplied by its business partner Davis Recycling Inc.
For further information, please visit www.mineworx.net
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.
For further information contact:
MINEWORX TECHNOLOGIES LTD.Greg PenduraPresident & CEO780
800-0726greg@mineworx.net
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