Welcome to our dedicated page for Envirometal Technologies news (Ticker: EVLLF), a resource for investors and traders seeking the latest updates and insights on Envirometal Technologies stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Envirometal Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Envirometal Technologies's position in the market.
EnviroLeach Technologies has announced the purchase of 42.5 tonnes of end-of-life printed circuit board assemblies (PCBAs) from a Middle Eastern supplier. This acquisition includes 15 tonnes of high-grade and 27.5 tonnes of low-grade PCBAs, which will support their processing facility in Vancouver. The company aims to foster relationships in the MENA Region for potential monthly feedstock of over 500 tonnes. CEO Duane Nelson highlighted this as a crucial step towards achieving revenue targets and ensuring financial sustainability.
EnviroLeach Technologies Inc. (CSE:ETI, OTCQB:EVLLF) has secured a 100 tonne per month waste PCB supply agreement with a European supplier, marking a significant step in its E-Waste processing efforts. With over 25 years of experience, the supplier has established key relationships in the recycling industry across Europe and Asia. CEO Duane Nelson expressed confidence that this agreement indicates a recovery in the E-Waste sector post-COVID-19, and anticipates further contracts in the future. The technology used is eco-friendly, presenting a cost-effective alternative to traditional smelting methods.
EnviroLeach Technologies provided a corporate update on its electronic waste and mining initiatives. The company processed over 215,900 lbs of E-Waste, achieving metal recovery rates exceeding 90%, including 196 ounces of gold and 1,360 ounces of silver. In 2020, gold-bearing concentrates yielded over 95% recovery, producing 462 ounces of gold. Despite promising results, the COVID-19 pandemic disrupted operations, impacting supply chains and production rates. EnviroLeach is actively seeking to expand its supply network amid the ongoing crisis.
EnviroLeach Technologies has partnered with Group 11 Technologies to develop innovative in-situ gold mining technologies using EnviroLeach's eco-friendly metal extraction solutions. In this agreement, EnviroLeach acquires a 40% stake in Group 11, receiving royalty payments for metal produced and fees for technical support. Group 11 will focus on sustainable mining practices and has secured initial funding of $750,000 from enCore Energy. This collaboration aims to revolutionize gold extraction methods, potentially enhancing profitability and environmental sustainability.
EnviroLeach Technologies Inc. will present at the LD 500 investor conference on September 1, 2020, at 10:00 AM PST. Led by President & CEO Duane Nelson, the presentation will cover the Company's technology, business strategy, and recent developments. The LD 500 runs from September 1 to 4, emphasizing virtual access amidst COVID-19. EnviroLeach specializes in eco-friendly extraction of precious metals using non-cyanide processes. More details and registration can be found at LD Micro.