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Mineworx Technologies Ltd.

Mineworx joint venture with EnviroLeach begins second phase of electronic waste concentration plant

Mineworx holds a license for EnviroLeach’s patent-pending alternative to widely used toxic methods of extracting gold from ore and electronic waste

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Mineworx says its Vancouver plant is an eco-friendly approach to disposing electronic waste

Mineworx Technologies Ltd (CVE:MWX) (OTCMKTS:MWXRF) said Tuesday that it has begun phase 2 of the Vancouver waste processing plant that it operates with EnviroLeach Technologies Inc.

Vancouver-based Mineworx holds a license for Burnaby, British Columbia-based EnviroLeach’s patent-pending alternative to widely used toxic methods of extracting gold from electronic waste and ore. Many miners rely on cyanide- and acid-based leaching to recover precious metals. 

READ: Mineworx Technologies gets US patent for gold mining extraction process

Improvements and enhancements have been made to the chemical formula and processes leading to a significantly reduced leach cycle time, lower chemical consumption and improved recoveries, according to Mineworx.

“We look forward to showcasing our complete plant as an eco-friendly solution to our current and future potential partners in the electronic waste sector," Mineworx CEO Greg Pendura said in a statement.

The company said the Vancouver facility is projected to cost US$4 million with a designed capacity of 20 tons of printed circuit boards per day.

Shares of Mineworx advanced C$0.01 to C$0.13 in Tuesday’s Canadian trading. They were little changed at US$0.10 on the OTC Markets.

Last month, Mineworx announced that US Patent and Trademark Office had issued a patent covering the company's HM X-tract mobile modular mining-extraction process.

Enviroleach traded at C$0.85 in Canada and climbed US$0.01 to US$0.64 on the OTC markets on Tuesday.

 

Contact Dennis Fitzgerald at [email protected]

Quick facts: Mineworx Technologies Ltd.

Price: $0.11

Market: TSX-V
Market Cap: $32.66 m
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Mineworx Technologies Ltd (TSXV:MWX, OTCQB:MWXRF) President Greg Pendura tells Proactive's Christine Corrado the electronic waste technology company is ramping up pre-production at its e-waste plant in Vancouver. Pendura says the new concentration plant allows for the economic extraction...

on 24/10/18

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