Envirometal Technologies Inc Stock Price, News & Analysis

EnviroMetal Technologies Inc. has successfully completed the second tranche of its non-brokered private placement, raising $284,114 by issuing 1,136,456 units at $0.25 per unit. The total gross proceeds from the offering amount to $3,540,614 from 14,162,456 units. Each unit comprises one common share and one warrant, priced at $0.50 until March 31, 2024. Funds will support acquisitions for processing facilities, development, and working capital, with final acceptance pending from the Canadian Securities Exchange.

EnviroMetal Technologies has announced positive results from their collaboration with Group 11 Technologies on environmentally friendly gold recovery processes. In a six-month research program, gold recoveries from uncrushed half-core samples ranged from 15.9% to 77.5%, averaging 48.2%. Meanwhile, crushed sample tests yielded recoveries between 38.3% and 89.5%, averaging 61.4%. These results demonstrate potential for in-situ recovery (ISR) applications and align with Group 11's goal to create sustainable extraction methods, signaling promising future commercialization efforts.

EnviroMetal Technologies has successfully closed the first tranche of its non-brokered private placement, raising $3,256,500 through the issuance of 13,026,000 units at $0.25 per unit. The placement was over-subscribed, prompting the company to increase its size, with a final tranche expected by March 11, 2022. Each unit includes one common share and one share purchase warrant at $0.50 with an expiration date of February 18, 2024. Funds will support the acquisition of feedstock and ongoing development projects.

EnviroMetal Technologies Inc. (CSE:ETI, OTCQX:EVLLF) has successfully extracted 221 ounces of gold from high-grade materials, netting US $397,859 (CA $496,687). The gold was recovered using a proprietary reagent from baghouse filters sourced from a Canadian gold producer, indicating the effectiveness of EnviroMetal's non-cyanide, water-based process. The company's environmentally friendly approach highlights sustainability and efficiency, with further processing of high-grade gold materials currently underway.

EnviroMetal Technologies Inc. has announced a non-brokered private placement of up to 10 million units at $0.25 per unit, aiming for gross proceeds of $2.5 million. Each unit comprises a common share and a warrant exercisable at $0.50 for 24 months. Proceeds will support the acquisition of feedstock for the company's processing facility, upgrades to mine pilot plants, and general working capital. Closing is expected around February 4, 2022, pending regulatory approvals. The company may increase the offering size subject to regulatory approval.

EnviroMetal Technologies has appointed Wayne Moorhouse as Interim Chief Financial Officer, succeeding Nathalie Pilon, who has resigned. Moorhouse, a CFA charterholder with over 15 years of experience, previously served as CFO for other publicly listed companies. The company is actively seeking a permanent CFO to assist in commercializing its gold extraction technology. CEO Duane Nelson expressed gratitude for Pilon's contributions over the past two years.

EnviroMetal Technologies announces successful results from tests of its proprietary gold recovery technology. Utilizing the Albion Process, the company achieved a remarkable 96.7% gold recovery from pretreated concentrates within 24 hours. Tests indicated that leaching was nearly complete in just 5.25 hours, demonstrating fast kinetics and effective recovery even at reduced reagent strength. CEO Duane Nelson highlighted the potential for this eco-friendly technology to enhance the treatment of refractory gold ores, positioning EnviroMetal as a leader in sustainable gold extraction.

EnviroMetal Technologies Inc. (OTCQX:EVLLF) has announced positive results from independent tests by SGS, confirming the effectiveness of its environmentally-friendly gold extraction technology. Tests on high-grade samples showed over 96% and 94% gold recoveries within two hours. Notably, using just 10% of standard reagent concentrations still achieved around 95% recovery, suggesting significantly reduced costs. The company's EVP, Ish Grewal, expressed optimism for new opportunities in the gold sector, driven by these encouraging results.

EnviroMetal Technologies Inc. has reported promising gold recovery results from its tests on mineralized material from P2 Gold's Gabbs Project in Nevada. The tests revealed approximately 90% gold recovery from two samples processed with EnviroMetal's proprietary eco-friendly lixiviant. The successful results indicate a strong potential for the extraction process, prompting P2 Gold to consider it for future operations. This development showcases EnviroMetal's innovative technology aimed at enhancing sustainable gold extraction.