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ENVIROMETAL TECHN INC - EVLLF STOCK NEWS

Welcome to our dedicated page for ENVIROMETAL TECHN news (Ticker: EVLLF), a resource for investors and traders seeking the latest updates and insights on ENVIROMETAL TECHN stock.

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.

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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.

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EnviroMetal Technologies Inc. (ETI) Announces Closing of Non-Brokered Private Placement
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EnviroMetal Technologies Inc. (ETI) announces a process breakthrough in gold recovery, potentially reducing reagent consumption and operating costs. The company's proprietary non-cyanide leaching agent, the EnviroMetal Process, has demonstrated effectiveness in extracting gold from high grade ores and concentrates, with recovery levels and process costs similar to conventional cyanide leach processes. The latest breakthrough involves using a revised lixiviant formulation, reducing primary leach reagent consumption by up to 80% and lowering operating costs. This development expands processing applications to include lower grade gold ores and concentrates.
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EnviroMetal Technologies Inc. announces the commissioning of its gold recovery pilot plant in Metro Vancouver. The pilot plant will support ongoing process optimization programs and research initiatives to reduce operating costs and broaden the applicability of EnviroMetal's gold recovery process. It has the capacity to process up to 250 kilograms of gold concentrates or ores at one time.
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EnviroMetal Technologies Inc. announces a non-brokered private placement of up to 20,000,000 units at a price of $0.05 per unit for gross proceeds of up to $1,000,000. The proceeds will be used for engineering and design studies, project development, and general working capital. The Private Placement is subject to closing conditions and regulatory approval.
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EnviroMetal Technologies Inc. has been awarded a European patent for its process for precious metal recovery, providing additional patent protection in 23 countries. This strengthens the company's intellectual property and allows for licensing opportunities in Europe and gold producing regions. The expanded market presence is expected to increase confidence in the company's technology.
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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.

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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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FAQ

What is the current stock price of ENVIROMETAL TECHN (EVLLF)?

The current stock price of ENVIROMETAL TECHN (EVLLF) is $0.008 as of October 15, 2024.

What is the market cap of ENVIROMETAL TECHN (EVLLF)?

The market cap of ENVIROMETAL TECHN (EVLLF) is approximately 908.9K.

What is the focus of EnviroMetal Technologies Inc. (EVLLF)?

EnviroMetal Technologies Inc. is focusing on environmentally friendly precious metal recovery technologies.

What recent milestone did EnviroMetal achieve?

EnviroMetal has completed the closure of their electronic waste processing facility, EnviroCircuit, and shifted focus to licensing their patented metal recovery technology.

What benefits has the closure of EnviroCircuit provided to EnviroMetal?

The closure has allowed EnviroMetal to reduce costs, realize over CA $1,000,000 in net proceeds, and focus on commercializing the EnviroMetal Process.

How is EnviroMetal expanding its market presence?

EnviroMetal has received a recent European patent approval, enabling them to pursue licensing opportunities with European-based companies and expand their market presence in gold-producing regions.

What is the purpose of EnviroMetal's gold recovery pilot plant?

The pilot plant supports ongoing research initiatives, process optimization programs, and bulk sample tests on client material for their gold recovery process.

How is EnviroMetal engaging with mining companies?

EnviroMetal is actively engaging with mining companies seeking to reduce costs and environmental impact while providing commercial, operational, and environmental advantages.

ENVIROMETAL TECHN INC

OTC:EVLLF

EVLLF Rankings

EVLLF Stock Data

908.86k
0.6%
0.01%
Gold
Basic Materials
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United States of America
Burnaby