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EnviroMetal Technologies Inc. reports developments tied to its proprietary non-cyanide gold recovery process, including pilot plant work, metallurgical process optimization, reagent-use research, and patent protection for precious metal recovery technology.
Company news also covers EnviroMetal's completed exit from electronic waste processing, its focus on licensing the EnviroMetal Process to gold miners, governance and management updates, disclosure clarifications, and the settlement of prior disputes with Regenx Tech Corp.
EnviroMetal Technologies Inc. (CSE:ETI)(OTCQB:EVLLF) announced new test results showcasing the economic advantages of its patented, cyanide-free gold recovery process. Recent bulk tests revealed that gold grades from the EnviroMetal Process exceeded standard assay estimates by up to 43 grams per tonne. Key findings indicated:
- Gold recovered was 58 grams more than purchased from a 1,671 kg sample.
- Final calculated gold grade reached 485 gpt, compared to an assayed grade of 450 gpt.
- This indicates a potential revenue increase of around US$2,100 to US$2,550 per tonne.
The results highlight the risks of relying on conventional assay methods and underscore the need for miners to adopt the EnviroMetal Process.
EnviroMetal Technologies Inc. (CSE:ETI, OTCQB:EVLLF, FSE:7N2) has announced an agreement with Jemini Capital for strategic investor relations and financial communications services. Jemini, a merchant bank with experience in natural resources and tech sectors, will receive a monthly fee of $3,000 and stock options for 200,000 shares at $0.15 each, subject to vesting and regulatory approval. Additionally, the company issued convertible notes totaling CA$215,200 at 12% interest, maturing in 120 days. If an equity financing occurs before maturity, notes convert to equity; if not, they convert to units at maturity, including common shares and warrants.
EnviroMetal Technologies Inc. (CSE:ETI)(OTCQB:EVLLF) announced the immediate resignation of Mr. Duane Nelson as a director. The company expressed gratitude for his contributions. Additionally, EnviroMetal granted 350,000 incentive stock options to a consultant at an exercise price of $0.25, valid for two years under the Company's Stock Option Plan. EnviroMetal focuses on developing eco-friendly technologies for the primary and secondary metals industries, using a non-cyanide, water-based process to extract precious metals from various sources. For further details, visit EnviroMetal.com.
EnviroMetal Technologies has secured advisory services and R&D funding of up to $100,000 from the National Research Council of Canada under the Industrial Research Assistance Program (NRC IRAP). This funding aims to advance their proprietary gold recovery technology, enhancing process optimization and operational parameters, with a focus on improving metal recovery and reducing reagent consumption. The project runs until March 31, 2024. Wayne Moorhouse, President and CEO, emphasized the importance of this support for driving innovation and economic performance while minimizing environmental impact for precious metal mining.
EnviroMetal Technologies has issued a clarification concerning its recent news release on January 18, 2023. Key metrics include a reagent cost of US $0.26 per gram of gold recovered and processing costs of US $83 per tonne of concentrate, both with adjusted wash water pH. The company achieves 88% - 92%+ gold recovery from concentrates of 150um size, with 98.7% recoverability of primary reagents for reuse. Additionally, the effectiveness of the lixiviant remains stable across multiple leach cycles, indicating potential for commercial application.
VANCOUVER, BC / ACCESSWIRE / January 18, 2023 - EnviroMetal Technologies Inc. announced positive results from tests on its non-cyanide gold recovery process, affirming its commercial viability. The average reagent cost was US $0.64/gram of gold recovered, dropping to US $0.43 with pH optimization. Notably, the process achieved a 98.7% recovery rate for primary reagents and gold recoveries exceeding 92%. The tests utilized high-grade concentrates, averaging 418 grams of gold per tonne, confirming the potential for high economic returns. President and CEO Wayne Moorhouse highlighted these findings as a sign of the EnviroMetal Process' readiness for market adoption.
EnviroMetal Technologies Inc. announced a non-brokered private placement of up to 25 million units at $0.08 per unit, aiming for gross proceeds of $2 million. Each unit includes one common share and a purchase warrant, allowing investors to buy additional shares at $0.15 for the first year and $0.24 for the second year. Funds will support engineering studies and the deployment of the company's sustainable gold recovery technology. The offering is expected to close on December 16, 2022, pending regulatory approvals.
EnviroMetal Technologies Inc. announces it has received funding of up to $1,743,000 from the Mining Innovation Commercialization Accelerator (MICA) Network. The funding covers 30% of costs for their gold recovery pilot plant, set to run for approximately 2.5 years starting in Q4 2022. This project aims to commercialize their non-cyanide technology. The funding highlights the technology's potential to transform gold recovery processes. Company President Wayne Moorhouse expressed enthusiasm about the recognition from MICA, indicating broader industry potential and support.
EnviroMetal Technologies (OTCQB:EVLLF) provided a corporate update for Q3 2022, focusing on its metal recovery technology in mining and electronic waste (E-Waste) processing. The company aims to license the EnviroMetal Process to gold miners to enhance profitability while minimizing environmental impact. New strategies involve transitioning from E-Waste material processing to offering consulting and licensing opportunities. Recent tests affirm the process's effectiveness compared to sodium cyanide. New objectives include relocating the mining pilot plant and expanding marketing efforts.
EnviroMetal Technologies Inc. announces the appointment of Wayne Moorhouse as CEO, succeeding Duane Nelson, who remains as Co-Chairman. Moorhouse, with over 20 years in mining, aims to advance EnviroMetal's gold recovery technologies. His leadership is expected to enhance strategic priorities and revenue generation. Nelson expressed honor in the transition, emphasizing his ongoing strategic role as the company advances towards its commercial phase. The company is known for its environmentally friendly metal extraction processes.