VANCOUVER, September 9, 2020 - EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (CSE:ETI)(OTCQB:EVLLF)(FSE:7N2) is pleased to provide the following corporate update regarding its electronic waste and mining business initiatives.
EnviroLeach continues to pursue and develop commercial relationships in the primary and secondary metals sectors for its patented metal recovery technology. In the primary metals sector the Company is focused on opportunities for the recovery of gold from concentrates and ores including In-Situ Recovery. In the secondary metals sector the focus is the recovery of gold and other metals from electronic waste ("E-Waste").
Bulk Test Results on E-Waste Material
Between December 2019 and June 2020, the Company processed 32 individual test lots of E-Waste with a combined weight of over 215,900 lbs at its processing facility. The results of these tests confirmed:
- The efficacy of the EnviroLeach processes with average metal recoveries in excess of 90%;
- Reagent consumption and processing costs; and
- Plant processing capacity at the targeted rate of 1 tonne per hour.
As a result of this test, the following target metals recovered and shipped to smelters and refiners:
- 196 troy ounces of Gold
- 1,360 troy ounces of Silver
- 25 troy ounces of Palladium
- 15.7 tonnes of Copper
Test Results on Mining Concentrates
In 2020, the Company has processed gold bearing concentrates for a number of mining clients. These tests demonstrated the efficacy and scalability of the EnviroLeach leach process and the recovery and reusability of the leach solution. The tests resulted in the production of 462 ounces of gold from concentrates with gold recoveries over 95%.
Commercial Relationships and Partnerships
Further to EnviroLeach's June 15th Corporate Update, the Company continues to develop commercial relationships for the application of its technology and is in discussions with numerous potential suppliers, licensees, partners and gold mining companies worldwide.
COVID-19 Pandemic Effects
The COVID-19 pandemic has had a devastating effect on the E-Waste recycling sector. The global E-Waste supply chain has been severly disrupted due to decreased access to supply and logistics challenges. This global disruption impacted EnviroLeach's operations, notably the previously announced staged production rate increase to full plant capacity.
In response to this unprecedented operating environment, EnviroLeach is working to expand its supply chain with marketing initiatives targeting domestic and international recyclers. Due diligence is now underway with several potential suppliers in accordance with E-Waste recycling industry best practices.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the primary and secondary metals sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroLeach extracts precious metals from ores, concentrates, and E-Waste.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual tests and assays, independent validations, strategic partners and tens of thousands of hours in research and development, EnviroLeach's technology is emerging as a potential new standard for the provision of eco-friendly methods for the hydrometallurgical extraction of precious metals in both the mining and E-Waste sectors. Further information is available on the EnviroLeach web site: https://EnviroLeach.com
This News Release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and the 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 Corporate Development
EnviroLeach Technologies Inc.
SOURCE: EnviroLeach Technologies Inc.