EnviroLeach Secures Long-Term PCB Supply Agreement
EnviroLeach Technologies Inc. (CSE:ETI, OTCQB:EVLLF) has secured a 100 tonne per month waste PCB supply agreement with a European supplier, marking a significant step in its E-Waste processing efforts. With over 25 years of experience, the supplier has established key relationships in the recycling industry across Europe and Asia. CEO Duane Nelson expressed confidence that this agreement indicates a recovery in the E-Waste sector post-COVID-19, and anticipates further contracts in the future. The technology used is eco-friendly, presenting a cost-effective alternative to traditional smelting methods.
- Secured a long-term PCB supply agreement, cementing supply for the EnviroCircuit facility.
- Indicates potential industry recovery post-COVID-19, aligning with increased adoption of eco-friendly technologies.
- None.
VANCOUVER, BC / ACCESSWIRE / October 6, 2020 / EnviroLeach Technologies Inc. ("EnviroLeach"), (CSE:ETI)(OTCQB:EVLLF)(7N2:FSE) is pleased to announce it has signed a 100 tonne per month waste printed circuit board (or "PCB") feedstock supply agreement with a European based supplier.
With over 25 years experience in the E-Waste sector, the supplier has an extensive network of recycler and aggregator relationships across European and Asian markets.
Duane Nelson, President and CEO comments, "I am very pleased we have secured our first long-term waste PCB supply agreement to provide feed for our EnviroCircuit E-Waste processing facility. I am confident this is the first of many such agreements to be signed over the coming months. The supply agreement is positive evidence that the E-Waste sector is recovering from the negative effects of COVID 19. The industry is starting to adopt our disruptive technology and recognize it as an environmentally friendly, cost-effective alternative to the conventional smelting of waste PCBs."
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
Forward-Looking Statements
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.
Contact Information:
Jason Leikam
VP Corporate Development
EnviroLeach Technologies Inc.
info@EnviroLeach.com
(604) 282-0601
SOURCE: EnviroLeach Technologies Inc.
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