Mineworx Relocates Pilot Plant

Rhea-AI Summary

Mineworx Technologies Ltd (OTCQB: MWXRF) has successfully relocated its 100L pilot plant to Tennessee for the Process Optimization phase following the completion of Stage 3 testing. This stage verified system processes using platinum and palladium feedstocks, yielding consistent results. Stage 4, expected to start in November 2021, aims to identify operational issues in preparation for a commercial scale plant. The pilot plant will also serve as a testing platform for ongoing technological optimization. Mineworx focuses on environmentally friendly processing technologies in the catalytic converter and mining sectors.

Positive

• Successful completion of Stage 3 testing with consistent results for platinum and palladium extraction.
• Pilot plant relocation to Tennessee signifies progress towards commercial scale operations.
• Stage 4 testing will help optimize plant design, potentially increasing efficiency and profitability.
• The pilot plant will continue to add value through ongoing technological optimization.

Negative

• None.

EDMONTON, Alberta, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) is pleased to announce that the 100L pilot plant has been disassembled, loaded and has been trucked to Tennessee to begin Process Optimization, the next phase of testing protocols.

The Mineworx team has successfully completed Stage 3 (Baseline) of the testing plan. During this testing phase all system processes were tested with the full chemistry and various feedstocks containing platinum and palladium and the results were consistent with anticipated expectations.

Once the 100L pilot plant arrives and is reassembled Stage 4 (Process Optimization), of the testing plan will commence. The goal of Stage 4 is to review the current design under increasing thru put volumes to identify operational issues and system bottlenecks that could result in inefficiencies in a commercial scale plant. This testing will provide information on design modifications that will need to be incorporated into the final design of the commercial scale plant. It is expected that Stage 4 testing will commence at the beginning of November 2021.

In addition to providing design information for the commercial scale plant the pilot plant will be utilized as a testing platform from which the Company can continue its work on optimizing the technology through various chemistries and processes. It is anticipated in the role of a testing platform the pilot plant will continue to add value to the Company even after the commercial plant has been constructed and commissioned.

Greg Pendura, Mineworx President and CEO stated, “the entire company is pleased that we have successfully achieved this crucial development milestone and look forward to the successful completion of our pre commercial phase of testing protocols in Tennessee. The opportunity to become a leader in this industry is an exciting opportunity for our stakeholders.”

About Mineworx

Mineworx is positioned for growth in the catalytic converter and mining sectors through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its partner Davis Recycling. The Company is also furthering the development of its legacy iron ore concession which it holds a 100% interest in South-Eastern Spain. For further information go to www.mineworx.net  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

MINEWORX TECHNOLOGIES LTD.

Greg Pendura
President & CEO

780 800-0726
greg@mineworx.net

FAQ

What is the latest development for Mineworx Technologies Ltd (MWXRF)?

Mineworx has successfully relocated its 100L pilot plant to Tennessee for Process Optimization after completing Stage 3 testing.

When will Stage 4 testing for Mineworx Technologies Ltd (MWXRF) begin?

Stage 4 testing is expected to commence at the beginning of November 2021.

What are the objectives of the Process Optimization phase for Mineworx Technologies Ltd (MWXRF)?

The objective is to review the current design under increased throughput to identify operational issues and system bottlenecks.

How will the pilot plant benefit Mineworx Technologies Ltd (MWXRF) after its commercial plant is constructed?

The pilot plant will serve as a testing platform to optimize the technology through various chemistries and processes.