Vivakor Unveils Scaled-Up Precious Metals Extraction Machine
June 04 2014 - 5:32PM
Marketwired
Vivakor Unveils Scaled-Up Precious Metals Extraction Machine
IRVINE, CA--(Marketwired -
June 04, 2014) - Vivakor Inc. (PINKSHEETS: VIVK) unveiled today its newest
version of the scaled-up precious metals extraction
machine. The achievement of this milestone as it relates to
Vivakor's business model roadmap illustrates once again the
Company's ability to execute on schedule the specific objectives
they defined over 18 months ago.
This latest machine is capable of processing up to 20 tons of
ore per day through the highly productive efficiency of Vivakor's
proprietary, industry disruptive technology and methodology for
extraction of Precious Metals. This unit will be enhanced
during the quality control and assurance phase and will greatly
boost the overall yield per tonnage processed. Yield estimates
for the new machine are for processing in a range between 5-10
times current production levels. This positive momentum in
production output will continue for Vivakor in the form of lower
costs per ton processed and improved yield over time as the company
adds to its ever expanding asset accumulation with two machines
processing ore on a daily basis out of its operations facility in
Henderson, NV.
Chairman and CEO Matt Nicosia stated, "We are always excited
about our continued ability to increase value for shareholders as
we position the metals extraction business for greater
growth. Higher operational capacity and production output
increases asset growth for the company.
The continued addition of extraction units this year is
solidifying Vivakor's vision of strong, long-range positioning in
the Precious Metals markets and we're highly enthusiastic about the
release of our new machine to that effort!"
Vivakor realizes a very strong gold equivalent yield per ton
through highly efficient and optimized precious metals extraction
process with a low cost basis per ton of ore processed from claims
in Arizona and Colorado.
ABOUT VIVAKOR, INC.
Vivakor, Inc. (VIVK) is an Asset Acquisition company that
develops and acquires resources that generate revenue currently or
in the near term. The Company acquires technologies and assets
primarily in the field of Natural Resources. Vivakor has
several mineral assets that have great value and create a cash flow
and a long term revenue stream for the Company. Additionally,
the Company has effectively acquired positions in other Green
Energy companies. For more information please visit
www.vivakor.com.
FORWARD-LOOKING STATEMENTS This press release may contain
forward-looking statements, including, but not limited to,
statements regarding Vivakor's products and their related market
potential. Forward-looking statements may be identified by the
use of the words "anticipates," "expects," "intends," "plans,"
"should," "could," "would," "may," "will," "believes," "estimates,"
"potential," or "continue" and variations or similar
expressions. These statements are based upon the current
expectations and beliefs of management and are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking
statements. These risks and uncertainties include, but are not
limited to, risks and uncertainties discussed in Vivakor's filings
with the Securities and Exchange Commission, which factors are
incorporated herein by reference. Readers are cautioned not to
place undue reliance on any of these forward-looking
statements. Vivakor undertakes no obligation to update any of
these forward-looking statements to reflect events or circumstances
after the date of this press release or to reflect actual
outcomes.
Contact: Vivakor Investor Relations (949) 281-2606
irpr@vivakor.com