VANCOUVER, British Columbia, May 29, 2018 (GLOBE NEWSWIRE) -- EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE:ETI) (OTCQB:EVLLF) (FSE:7N2). is pleased to provide the following corporate update:
Update on Operations:
Our unique, environmentally friendly formulas and processes for the extraction of precious metals from conventional mining processes and electronic waste (E-Waste) continues to receive great attention and accolades worldwide. We have received requests from hundreds of mining and recycling companies around the world, expressing interest in our Eco-friendly alternatives to the current extraction methods used today.
Our E-Waste division continues with the advanced pilot line development, installation and testing at the Jabil facility in Memphis. We have successfully demonstrated the scalability and re-usability of our non-toxic formula, with over 60 consecutive pilot-scale uses on numerous types of printed circuit board feed material with no effluent or waste water.
The installation and testing phases have been delayed due to higher than anticipated metal content in some of the pilot plant feed stock which adversely affects subsequent downstream processes such as agitation, pumping and filtration. We have determined the necessary modifications to the line and are currently installing new equipment to resolve these outstanding issues.
Duane Nelson, President and CEO, states; “We are very pleased with the leach performance in the pilot plant. Mechanical challenges are common in the development of any new process, especially when the feed material is highly variable. We are confident that, based on the latest lab results and analysis, these new modifications and enhancements will not only significantly improve the overall performance but will also surpass the recovery rates and economics of the original process”. We fully expect that the pilot plant will be operating at the designed specifications once the modifications have been completed”.
The Company’s mining division continues to be very active with the testing of numerous ores and concentrates for several of the world’s largest gold producers. We continue to receive numerous inquiries from the mining sector globally. We are also in discussions with several major gold producers for the development of pilot scale test facilities.
Additional Team Members:
As we continue to expand the EnviroLeach brand, two key positions have now been filled.
Todd Beavis joins us as our new Vice President, Corporate Development. Todd has an extensive experience in the wholesale and retail electronics and consumer goods industries and is known for his ability to cultivate and build authentic trusting relationships which are important as we look to expand in North America and across the globe.
Alex Lum, P.Eng has joined EnviroLeach as Senior Process Engineer and has over 18 Years of experience working on metallurgical analysis, process development, research and detailed laboratory test work. He will be key in research & process development and focus on the mining industry. Alex holds a B.A.Sc. in Metallurgical Engineering from UBC.
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, non-strong acid 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
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.
EnviroLeach Technologies Inc.