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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. has granted 5,575,000 stock options to its employees, directors, and a consultant, at an exercise price of $0.25, valid for two years. Following this grant, the total stock options issued are 9,935,000, representing 9.2% of the company's share capital. EnviroMetal specializes in eco-friendly metal extraction technologies for the mining and E-Waste industries, using a proprietary non-cyanide process. This development reflects the company’s commitment to its workforce and the advancement of its environmentally friendly practices.
EnviroMetal Technologies (OTCQX: EVLLF) announced a successful recovery of 1,221 troy ounces of gold during Q1 2022, valued at over US $2.35 million. This achievement stemmed from the treatment of cathode mesh residue utilizing their patented non-cyanide gold recovery process at their Surrey, BC facility. Management sees potential in processing more gold-bearing materials. President Duane Nelson highlighted the team's success in demonstrating the efficiency and sustainability of their technology, which targets both primary mining and electronic waste extraction.
EnviroMetal Technologies Inc. has revised its previously announced private placement. The second tranche now consists of 1,206,456 units issued at $0.25 each, raising $301,614. Overall, the company secured 14,232,456 units for $3,558,114.
Each unit comprises one common share and one warrant at $0.50 until March 31, 2024. Proceeds will fund feedstock acquisition, processing plant development, and general working capital, pending final acceptance by the Canadian Securities Exchange.
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.