EnviroMetal Technologies Makes Process Breakthrough

Rhea-AI Summary

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.

VANCOUVER, BC / ACCESSWIRE / November 16, 2023 / EnviroMetal Technologies Inc. ("EnviroMetal" or the "Company"), (CSE:ETI)(OTCQB:EVLLF)(FSE:7N2) is pleased to announce a process breakthrough which potentially reduces reagent consumption and operating costs while maintaining high levels of gold recovery. This lab scale discovery is a result of the ongoing development of EnviroMetal's proprietary non-cyanide leaching agent and gold recovery process (the "EnviroMetal Process").

Lab and pilot scale testing of the EnviroMetal Process have repeatedly demonstrated its effectiveness for extracting gold from high grade gold ores and concentrates at recovery levels and process costs similar or superior to those of a conventional cyanide leach process. EnviroMetal's latest process breakthrough involves using a revised lixiviant formulation requiring up to 80% less primary leach reagent in combination with reduced agitation. By lowering the concentration of reagents in the leaching agent, EnviroMetal was able to correspondingly lower the initial cost of the lixiviant and operating costs related to reagent losses. These cost reductions expand processing applications to include lower grade gold ores and concentrates.

EnviroMetal's President and CEO, Wayne Moorhouse, stated "We are extremely encouraged with our latest breakthrough; it has the potential to drastically reduce the key cost of our simple gold recovery solution, an obvious benefit for miners seeking sustainable gold recovery and an improved bottom line. The ability to economically process lower grade ores and concentrates also significantly expands EnviroMetal's potential market. We look to confirm and building on this latest breakthrough in future pilot scale and client work."

About the EnviroMetal Process

The EnviroMetal Process deploys a patented lixiviant within a proprietary, closed-loop processing circuit combining both proprietary equipment and readily available ancillary equipment that can be locally sourced in most jurisdictions. The EnviroMetal Process incorporates straightforward steps to produce precious metal doré as a final product without the need for additional, post-leach downstream processing and reagent destruction systems typically associated with cyanidation processes. EnviroMetal's technology is highly scalable and can be installed as a bolt-on solution for mining operations producing gravity or flotation gold concentrates, or as a standalone alternative for whole ore processing.

About EnviroMetal Technologies Inc.

EnviroMetal Technologies is commercializing highly effective precious metal recovery technologies. EnviroMetal's proprietary non-cyanide, water-based, neutral pH and closed-circuit treatment process is proven to extract precious metals from ores and concentrates at lab and pilot scale. The Company's technologies provide both operational and environmental advantages to gold mining companies. EnviroMetal is actively engaging with mining companies that are seeking to reduce the costs and environmental impact of their mining operations while strengthening their bottom line. For more information please visit:https://EnviroMetal.com

Contact Information:

Jason Leikam
VP Corporate Development
EnviroMetal Technologies Inc.
info@EnviroMetal.com
(604) 428-2400 x 104

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 concerning our Research and Development activities, the accuracy of our capital and operating cost estimates; production and processing estimates; the results, the adequacy of EnviroMetal'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 concerning 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 EnviroMetal'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.

SOURCE: EnviroMetal Technologies Inc.

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FAQ

What is the latest breakthrough announced by EnviroMetal Technologies Inc.?

EnviroMetal Technologies Inc. has announced a process breakthrough in gold recovery, potentially reducing reagent consumption and operating costs.

What is the name of EnviroMetal Technologies Inc.'s proprietary non-cyanide leaching agent?

The proprietary non-cyanide leaching agent is called the EnviroMetal Process.

Who is the President and CEO of EnviroMetal Technologies Inc.?

The President and CEO of EnviroMetal Technologies Inc. is Wayne Moorhouse.

What are the stock symbols for EnviroMetal Technologies Inc.?

The stock symbols for EnviroMetal Technologies Inc. are CSE:ETI, OTCQB:EVLLF, and FSE:7N2.

What is the potential market expansion for EnviroMetal Technologies Inc.?

The ability to economically process lower grade ores and concentrates significantly expands EnviroMetal's potential market.