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TICKERS: ETI; EVLLF, MWX; MWXRF

Firm Progresses to Phase Two of E-Waste Concentration Plant
News Update

Source:

This stage will allow for maximized recovery of precious metals.

Mineworx Technologies Ltd. (MWX:TSX.V; MWXRF:OTCQB) announced in a news release that phase two of the corporate e-waste concentration plant being developed in Vancouver is underway. The project is a joint venture undertaking between Mineworx and Enviroleach Technologies Inc. (ETI:CSE; EVLLF:OTCQB).

Phase two, anticipated to be completed in Q2/19, involves adding a chemical treatment line.

With the new component, the "organic/light fraction" produced from the current concentrates can be treated chemically, according to the release. After, it will undergo "secondary density separation, proprietary attrition scrubbing, agitation, dissolution of the metals into aqueous solution and solid-liquid separation." Precious metals will then be extracted from the solution, the latter then being prepared for reuse. Finally, a partner company will use the resulting dried tailings in the manufacturing of cement products.

The entire facility, expected to have a capacity of 20 tons of Printed Circuit Board (PCB) per day, is estimated to cost $4 million, 20% of which Mineworx will pay. "This plant offers the exclusive ability to concentrate low-grade boards without loss of precious metals in the organic/light fraction and produce a high-grade metal, low-grade, organic-based concentrate appealing to all smelters and refiners," the release noted.

Mineworx noted that it "holds a license in perpetuity for use in mining applications from EnviroLeach Technologies for their patent-pending, environmentally friendly leach, will also continue to develop its opportunities in the traditional mining sector by utilizing the company’s business model for smaller, high grade gold deposits, providing a solution to property owners experiencing permitting issues with respect to toxic cyanide leaching or seeking an environmentally friendly alternative to cyanide through its current technologies."

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Mineworx. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Enviroleach. Please click here for more information.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Mineworx and Environleach, companies mentioned in this article.




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