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EnviroLeach Technologies has announced a significant contract with Ocean Partners USA Inc., leveraging its patented eco-friendly metal extraction process to extract gold from gold mine by-products. The initial shipment consists of materials with gold grades up to 40,000 grams per tonne, processed at EnviroLeach's Vancouver facility. Ocean Partners, a prominent trading company, trades over 2 million tonnes of materials valued at approximately US$3 billion annually, indicating a robust market for EnviroLeach's services.
EnviroLeach Technologies Inc. (OTCQB:EVLLF) has announced promising results from its recent research on extracting platinum and palladium from spent catalytic converters. Conducted over 14 months, the tests achieved typical recoveries exceeding 90% of both metals in under 2 hours. Key results include the highest recovery of 98.1% for platinum and 98.7% for palladium from a sample with a head grade of 5,920 g/t and 4,044 g/t, respectively. Future plans include optimizing recovery methods and launching a pilot plant phase.
EnviroLeach Technologies has made significant strides in recovering tin from low-grade printed circuit board assemblies (PCBAs). Recent tests showed an average tin recovery of 84.2% over 16 cycles, reducing reagent consumption and costs. The R&D program aims to create a pilot-scale plant for bulk processing, enhancing economic viability. With tin prices at ten-year highs and increased demand outpacing supply, this breakthrough positions EnviroLeach favorably within the electronics recycling market, contributing to sustainable practices and potentially higher operating margins.
EnviroLeach Technologies Inc. has initiated a civil action against Mineworx Technologies Ltd. in the Supreme Court of British Columbia to safeguard its intellectual property (IP). The lawsuit claims that Mineworx misappropriated EnviroLeach's IP related to eco-friendly chemical technologies for precious metal recovery. EnviroLeach contends that Mineworx's ongoing utilization of its IP violates multiple agreements, leading to a request for damages and an injunction against future use. EnviroLeach has invested over $30 million in developing these technologies.
EnviroLeach Technologies has announced advancements in its patented gold recovery technologies, resulting in improved efficiencies and significant reductions in reagent costs. Recent optimizations to its proprietary lixiviant have achieved higher gold recoveries and reduced leach times by 33%, from 24 hours to less than 16 hours. The introduction of an alternate secondary reagent further diminishes primary reagent usage, enhancing cost-effectiveness. These innovations position EnviroLeach competitively in the gold recovery industry, emphasizing both economic viability and environmental sustainability.
EnviroLeach Technologies Inc. has resumed operations at its EnviroCircuit E-Waste processing facility as of February 24, 2021, following COVID-19 related shutdowns. In Q1 2021, the company processed 57.4 tonnes of printed circuit board assemblies (PCBA), yielding 13.6 tonnes of high-grade concentrates. The company secured an additional 157 metric tonnes of PCBA for processing in April and May. Efforts are underway to enhance production efficiency and upgrade equipment, with expected improvements by early Q3 2021. EnviroLeach aims to strengthen its supply chain amid ongoing challenges from the pandemic.
EnviroLeach Technologies Inc. (OTCQB:EVLLF) will present at the 33rd Annual Roth Conference from March 15th to 17th, 2021. On March 17th, EnviroLeach's President & CEO, Duane Nelson, will join a panel on Electronics Recycling: Technology & Emerging Trends from 1:00 to 2:00 PM EST. The event highlights the company's proprietary, environmentally sustainable technology for extracting valuable metals from gold ores and E-Waste, using a water-based treatment process. More details can be accessed on the Roth Conference website.
EnviroLeach Technologies Inc. (OTCQB:EVLLF) has completed its continuance from Alberta to British Columbia, approved by shareholders on November 24, 2020. The transition aligns with the company's focus on environmentally sustainable technologies for precious metal extraction from gold ores and electronic waste. Their proprietary water-based process offers a cost-effective alternative to traditional cyanide methods, supported by extensive research and development. Further details are available on their website.
EnviroLeach Technologies has announced an increase in its non-brokered private placement financing from 10 million to 17.5 million units at a price of $0.30 per unit, aiming for gross proceeds of up to $5.25 million. Each unit includes one common share and one purchase warrant priced at $0.50 for two years. The proceeds will finance feedstock for its PCB assembly processing facility and general working capital. The closing is expected by December 15, 2020, pending regulatory approvals.
EnviroLeach Technologies Inc. has announced a non-brokered private placement to raise up to $3 million by offering 10 million units at a price of $0.30 per unit. Each unit consists of one common share and one purchase warrant, allowing the purchase of additional shares at $0.50 over 24 months. Proceeds will fund feedstock acquisition for its Vancouver processing facility and general working capital. The private placement is expected to close on December 15, 2020, pending necessary approvals.