Envirometal Technologies Inc - EVLLF STOCK NEWS

EnviroMetal Technologies has secured advisory services and R&D funding of up to $100,000 from the National Research Council of Canada under the Industrial Research Assistance Program (NRC IRAP). This funding aims to advance their proprietary gold recovery technology, enhancing process optimization and operational parameters, with a focus on improving metal recovery and reducing reagent consumption. The project runs until March 31, 2024. Wayne Moorhouse, President and CEO, emphasized the importance of this support for driving innovation and economic performance while minimizing environmental impact for precious metal mining.

EnviroMetal Technologies has issued a clarification concerning its recent news release on January 18, 2023. Key metrics include a reagent cost of US $0.26 per gram of gold recovered and processing costs of US $83 per tonne of concentrate, both with adjusted wash water pH. The company achieves 88% - 92%+ gold recovery from concentrates of 150um size, with 98.7% recoverability of primary reagents for reuse. Additionally, the effectiveness of the lixiviant remains stable across multiple leach cycles, indicating potential for commercial application.

VANCOUVER, BC / ACCESSWIRE / January 18, 2023 - EnviroMetal Technologies Inc. announced positive results from tests on its non-cyanide gold recovery process, affirming its commercial viability. The average reagent cost was US $0.64/gram of gold recovered, dropping to US $0.43 with pH optimization. Notably, the process achieved a 98.7% recovery rate for primary reagents and gold recoveries exceeding 92%. The tests utilized high-grade concentrates, averaging 418 grams of gold per tonne, confirming the potential for high economic returns. President and CEO Wayne Moorhouse highlighted these findings as a sign of the EnviroMetal Process' readiness for market adoption.

EnviroMetal Technologies Inc. announced a non-brokered private placement of up to 25 million units at $0.08 per unit, aiming for gross proceeds of $2 million. Each unit includes one common share and a purchase warrant, allowing investors to buy additional shares at $0.15 for the first year and $0.24 for the second year. Funds will support engineering studies and the deployment of the company's sustainable gold recovery technology. The offering is expected to close on December 16, 2022, pending regulatory approvals.

EnviroMetal Technologies Inc. announces it has received funding of up to $1,743,000 from the Mining Innovation Commercialization Accelerator (MICA) Network. The funding covers 30% of costs for their gold recovery pilot plant, set to run for approximately 2.5 years starting in Q4 2022. This project aims to commercialize their non-cyanide technology. The funding highlights the technology's potential to transform gold recovery processes. Company President Wayne Moorhouse expressed enthusiasm about the recognition from MICA, indicating broader industry potential and support.

EnviroMetal Technologies (OTCQB:EVLLF) provided a corporate update for Q3 2022, focusing on its metal recovery technology in mining and electronic waste (E-Waste) processing. The company aims to license the EnviroMetal Process to gold miners to enhance profitability while minimizing environmental impact. New strategies involve transitioning from E-Waste material processing to offering consulting and licensing opportunities. Recent tests affirm the process's effectiveness compared to sodium cyanide. New objectives include relocating the mining pilot plant and expanding marketing efforts.

EnviroMetal Technologies Inc. announces the appointment of Wayne Moorhouse as CEO, succeeding Duane Nelson, who remains as Co-Chairman. Moorhouse, with over 20 years in mining, aims to advance EnviroMetal's gold recovery technologies. His leadership is expected to enhance strategic priorities and revenue generation. Nelson expressed honor in the transition, emphasizing his ongoing strategic role as the company advances towards its commercial phase. The company is known for its environmentally friendly metal extraction processes.

EnviroMetal Technologies Inc. has granted 5,575,000 stock options to its employees, directors, and a consultant, at an exercise price of $0.25, valid for two years. Following this grant, the total stock options issued are 9,935,000, representing 9.2% of the company's share capital. EnviroMetal specializes in eco-friendly metal extraction technologies for the mining and E-Waste industries, using a proprietary non-cyanide process. This development reflects the company’s commitment to its workforce and the advancement of its environmentally friendly practices.

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.