EnviroMetal Recovers Over 1,220 Ounces of Gold Valued at US $2.35 Million

Rhea-AI Summary

EnviroMetal Technologies (OTCQX: EVLLF) announced a successful recovery of 1,221 troy ounces of gold during Q1 2022, valued at over US $2.35 million. This achievement stemmed from the treatment of cathode mesh residue utilizing their patented non-cyanide gold recovery process at their Surrey, BC facility. Management sees potential in processing more gold-bearing materials. President Duane Nelson highlighted the team's success in demonstrating the efficiency and sustainability of their technology, which targets both primary mining and electronic waste extraction.

Positive

• Recovered 1,221 troy ounces of gold valued at over US $2.35 million.
• Successful application of proprietary non-cyanide gold recovery technology.
• Management exploring further opportunities for gold recovery from similar materials.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / May 11, 2022 / EnviroMetal Technologies Inc. ("EnviroMetal" or the "Company") (CSE:ETI); (OTCQX:EVLLF); (FSE:7N2), a technology company specializing in precious metal extraction processes with applications in the primary and secondary metals industries, is pleased to report sales from the recovery of 1,221 troy ounces of gold, valued at over US $2.35 million, from high-grade mine products during the first quarter of 2022.

The gold was recovered from cathode mesh residue at the Company's facility in Surrey, BC using the EnviroMetal's patented gold recovery process and technology. The EnviroMetal process offers miners a safe and efficient option for the primary recovery of gold from gold ores and concentrates or the secondary recovery of gold from materials such as cathode residues and dusts generated using conventional recovery processes (for additional information see the Company's news release dated February 8, 2022). Management is encouraged by the anomalous revenues attributable to the treatment of gold bearing residues and dusts during the quarter and is exploring options to treat similar materials in the future.

Duane Nelson, EnviroMetal President, and CEO stated, "I am proud of our technical team's continued achievements. We have consistently showcased the applicability, efficiency, and sustainability of our proprietary gold recovery technology to a broad range of clients. We look forward to the next steps in client engagement and additional technical demonstration of our technology."

About EnviroMetal Technologies Inc.

EnviroMetal 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 industries. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroMetal extracts precious and non-precious metals from ores, concentrates, and electronic waste ("E-Waste"). Backed by a first-class staff of scientists and engineers, tens of thousands of individual tests, independent validations, and countless hours in research and development, EnviroMetal's technology is emerging as a potential new eco-friendly standard for the hydrometallurgical extraction of precious metals in both the mining and E-Waste industries. For more information please visit www.EnviroMetal.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. 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. 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:
Jason Leikam, VP Business Development
EnviroMetal Technologies Inc.
info@EnviroMetal.com
(604) 428-2400 x. 104

SOURCE: EnviroMetal Technologies Inc.

View source version on accesswire.com:
https://www.accesswire.com/700849/EnviroMetal-Recovers-Over-1220-Ounces-of-Gold-Valued-at-US-235-Million

FAQ

What did EnviroMetal Technologies announce regarding their gold recovery on May 11, 2022?

EnviroMetal Technologies announced the recovery of 1,221 troy ounces of gold valued at over US $2.35 million during Q1 2022.

How does EnviroMetal recover gold from materials?

EnviroMetal utilizes a patented non-cyanide, water-based gold recovery process to extract gold from ores, concentrates, and electronic waste.

What are the potential future plans for EnviroMetal regarding gold recovery?

Management is exploring options to treat additional gold-bearing residues and dusts in the future.

What is the stock symbol for EnviroMetal Technologies?

The stock symbol for EnviroMetal Technologies is EVLLF.