Mineworx Technologies Ltd (CVE:MWXRF) CEO Greg Pendura tells Proactive Investors that the company, alongside its partner EnviroLeach Technologies Inc, is tackling 'urban mining' as it helps recycle e-waste material. Pendura says the company is focused on recycling IT materials.
According to Pendura, e-waste recycling is a nearly $20 billion annual business but is projected to expand rapidly to as much as $49 billion by 2020. Pendura says e-waste is one of the most significant challenges for municipalities.
Pendura says the mining technology company is commissioning its first production plant in Memphis, TN.