VANCOUVER, BC / ACCESSWIRE / November 21, 2019 / EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE:ETI) (OTCQB:EVLLF) (7N2:FSE), a global leader in innovative and eco-friendly precious metal extraction from E-Waste and mineral ores, together with it's minority JV partner Mineworx Technologies (MWX), announces the completion of commissioning of the EnviroCircuit E-Waste recycling plant.
Preliminary commercial production has commenced at the EnviroCircuit E-Waste processing facility located in Surrey, BC, Canada. Starting with a single shift per day, the Company will incrementally increase process throughput to 5 tonnes per day of printed circuit boards by January 1, 2020. Additional shifts will be added to achieve the targeted plant capacity of 20 tonnes per day (6,000 tonnes per year) by end of June 2020.
During commissioning, EnviroLeach has also successfully implemented improved mechanical processes and systems, which enable the treatment of complete IT components, such as set top boxes, modems, power supplies, switches and routers. The Company has also completed the installation of a new patent pending process for the enhanced recovery of chemical ingredients and rinse water treatment. This newly developed process not only optimizes economics, it also ensures a sustained zero water effluent operation.
EnviroLeach management continues to focus on establishing additional key partnerships for both high value E-waste feedstock and joint ventures worldwide. Over the last eight weeks, management has generated measurable interest from several domestic and international OEM's and E-waste recyclers.
Duane Nelson, President and CEO comments: “We are excited to enter the revenue stage of our operations and the positive response from global electronics manufacturers, OEM's and recyclers is very encouraging. We are in a unique situation within a rapidly expanding and under-developed sector. The results of our extensive commercial market analysis demonstrate a vast emerging global market now estimated to exceed 110 million tonnes annually by 2026. OEM's and E-waste recyclers worldwide are increasingly seeking economic and sustainable E-waste processing solutions. EnviroLeach's proprietary, patent pending technology suite offers the only true cost-effective, environmentally friendly and sustainable solution. Our team's priorities are to secure immediate full capacity feedstock contracts for our initial plant and determine the location and capacity of our next facility.”
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology Company engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process, the EnviroLeach formula extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.
EnviroLeach has formed an unincorporated joint venture with Mineworx Technologies Inc. to build and operate the EnviroCircuit E-Waste recycling plant. EnviroLeach is the operator and has control over the decision-making process of the joint venture and will share in the profits or losses of the joint venture on an 80% basis.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations and strategic partners and over $15 Million dollars in research and development, EnviroLeach's technology will become the standard for the provision of eco-friendly methods for the hydrometallurgical extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on the EnviroLeach web site:https://enviroleach.com
Forward Looking Statements
This News Release contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continues,” “estimates,” “expects,” and “will” and words of similar import, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our Research and Development activities, the accuracy of our capital and operating cost estimates; production and processing estimates; the results, the adequacy of EnviroLeach's financial resources and timing of development of ongoing research and development projects, costs and timing of future revenues or profits and adequacy of financial resources. Wherever possible, words such as “plans”, “expects”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of EnviroLeach's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. The CSE has not approved or disapproved of the information contained herein.
VP Communications and Shareholder Relations
EnviroLeach Technologies Inc.
SOURCE: EnviroLeach Technologies Inc.
View source version on accesswire.com: