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EnviroMetal Technologies Inc. (EVLLF) is a technology company focusing on environmentally friendly precious metal recovery technologies. They have completed the closure of their electronic waste processing facility, EnviroCircuit, and are now focusing on licensing their patented metal recovery technology. This strategic shift has allowed them to realize over CA $1,000,000 in net proceeds, reduce costs, and allocate capital towards commercializing the EnviroMetal Process through demonstration programs and licensing agreements. With a recent European patent approval for their metal recovery process, EnviroMetal is expanding its market presence in gold-producing regions and pursuing licensing opportunities with European-based companies. Their gold recovery pilot plant in Metro Vancouver is set to support ongoing research initiatives and process optimization programs. EnviroMetal Technologies is actively engaging with mining companies seeking to reduce costs and environmental impact.
EnviroMetal Technologies announced several management and board changes effective June 1, 2024. Jason Leikam, previously VP Business Development, has been appointed CFO, replacing Nathalie Pillon who resigned in January 2023. Additionally, board members Court Anderson and Alexander Ruckdaeschel have resigned. EnviroMetal specializes in non-cyanide, water-based metal recovery technologies for the gold mining sector, aiming to reduce both operational costs and environmental impact.
EnviroMetal Technologies Inc. (CSE:ETI)(OTCQB:EVLLF) announced new test results showcasing the economic advantages of its patented, cyanide-free gold recovery process. Recent bulk tests revealed that gold grades from the EnviroMetal Process exceeded standard assay estimates by up to 43 grams per tonne. Key findings indicated:
- Gold recovered was 58 grams more than purchased from a 1,671 kg sample.
- Final calculated gold grade reached 485 gpt, compared to an assayed grade of 450 gpt.
- This indicates a potential revenue increase of around US$2,100 to US$2,550 per tonne.
The results highlight the risks of relying on conventional assay methods and underscore the need for miners to adopt the EnviroMetal Process.
EnviroMetal Technologies Inc. (CSE:ETI, OTCQB:EVLLF, FSE:7N2) has announced an agreement with Jemini Capital for strategic investor relations and financial communications services. Jemini, a merchant bank with experience in natural resources and tech sectors, will receive a monthly fee of $3,000 and stock options for 200,000 shares at $0.15 each, subject to vesting and regulatory approval. Additionally, the company issued convertible notes totaling CA$215,200 at 12% interest, maturing in 120 days. If an equity financing occurs before maturity, notes convert to equity; if not, they convert to units at maturity, including common shares and warrants.
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