VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE:ETI) (OTCQB:EVLLF), is pleased to announce it was selected as one of the four finalists for #DisruptMining 2018, an innovation accelerator, sponsored by Goldcorp and KPMG, which is designed to encourage new technologies and ideas to solve the biggest challenges in mining.
The sold-out live finale took place on Sunday, March 4, 2018 at the Rebel Entertainment Complex in Toronto during the Prospectors and Developers Association of Canada (PDAC) convention. The #DisruptMining finale showcased the biggest innovators in mining in front of the industry’s leading decision-makers and peers where the four finalists pitched their concepts in a "shark-tank" style event for a CAD$1 million capital opportunity to help bring their disruption to mining.
Over 100 submissions were entered, representing completely new ideas and disruptive technologies to help benefit the mining industry. The field was narrowed down to twelve semi-finalists from which the final four were selected to compete in the finale. The four finalists included EnviroLeach Technologies, Acoustic Zoom Inc., LlamaZOO and Open Mineral.
Duane Nelson, CEO, states; “We were very excited and honored to compete as a finalist in this challenge. We consider our unique formulas and technologies to be among the most innovative and disruptive new technologies ever introduced to the mining and urban mining sectors and will continue to push the boundaries to create eco-friendly solutions for this sector. The EnviroLeach team congratulates Acoustic Zoom for winning the prestigeous event.”
The Company would like to thank Goldcorp, KPMG, our fellow finalists and semi-finalists, the judges and all the other organizers and sponsors that made this event a special one to showcase to the mining and resources community the disruptive power of EnviroLeach’s formula and processes.
EnviroLeach has successfully developed a unique, cost effective, and environmentally friendly alternative to cyanide and strong-acid based processes currently used for the extraction of precious metals from mineral ores, concentrates, tailings and E-Waste. The Company looks forward to further implementing its disruptive technology in the mining and E-Waste sectors throughout 2018, with announcements to follow.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology company and near-term gold producer that is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the mining and E-Waste sectors. Using its proprietary non-cyanide, water-based, near neutral pH treatment process, EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives to ambient temperature water.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations and strategic partners, 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
Founded in 2017 by Goldcorp and Integra Gold, #DisruptMining is a catalyst to accelerate innovation – to encourage new ideas, generate new opportunities and tackle problems more efficiently, and to bridge the gap between mining and technology. It’s a platform for entrepreneurs working with disruptive and exponential technologies to highlight their application across the entire sector. From exploration and mine closure to financing and sustainability, #DisruptMining engages people with exponential technologies and rogue ideas, and provides a CAD$1 million capital opportunity to bring their disruption to mining. More information on the #DisruptMining Challenge can be found here: http://www.disruptmining.com/
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.
EnviroLeach Technologies Inc.
President & CEO