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.
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]