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EESTech (OTC:EESH) announced that its Registration Statement on Form 10 will become effective on April 15, 2023. This reestablishes EESTech as a reporting company under the SEC, resuming its obligation to file periodic reports, enhancing transparency for investors. CEO Murray Bailey emphasized that this is a critical step towards accountability. Furthermore, EESTech plans to apply for uplisting to the OTCQB within 60-90 days. The company, specializing in sustainable technologies for mining, aims to generate income by selling recovered materials, significantly reducing the carbon footprint of mineral processing.
EESTech (OTC:EESH) has developed a proprietary process to transform mine site and process slag waste into high-grade sand products, addressing the growing global sand shortage. The company has secured a 10+ year contract with Samancor Chrome to reclaim 10 million tons of FeCr slag, significantly contributing to environmental sustainability. EESTech's products, ThermaSand and ThermaPrills, cater to various industrial applications, including foundry and green cement markets, projected to reach $18.265 billion by 2023. This innovation offers eco-friendly solutions while reducing carbon emissions.
On July 14, 2021, EESTech (OTC: EESH) announced the submission of its Environmental Impact Assessment (EIA) for a ferrochrome slag reclamation project in partnership with Samancor Chrome, the largest FeCr producer globally. After 12 months of delays due to COVID-19, EESTech confirms that its environmental engineering firm has completed the necessary documents for government review. Upon approval, EESTech will process over 700,000 tons of FeCr slag annually, aiming to recover up to 99% as concentrate and produce metal for Samancor, while tailings will be marketed under the name ThermaSand.