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viewMineworx Technologies Ltd.

Mineworx offers cost-effective and non-toxic precious metals extraction solutions for mining, E-waste industries

Snapshot

Traditional mining depends on the utilization of large amounts of toxic cyanide while present E-Waste recycling depends on other highly toxic chemicals and smelting for processing

Mineworx Technologies Ltd. -

Quick facts: Mineworx Technologies Ltd.

Price: 0.075 CAD

TSX-V:MWX
Market: TSX-V
Market Cap: $23.75 m
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  • Provider of proprietary, cost-effective and non-toxic precious metals extraction solutions to the mining industry
  • Also services the E-Waste industry through a collaboration with fellow Canadian firm EnviroLeach Technologies
  • Environmentally-safe technologies include the HM X-leach product, a cyanide-free process for the extraction of precious metals
  • Technology also to be used to recover platinum group metals from catalytic converters

What Mineworx does:

Mineworx Technologies Corp. (CVE:MWX) (OTCQB:MWXRF) (FSE:YRS) is a leading provider of proprietary, cost-effective and non-toxic precious metals extraction solutions to the mining industry.

It also services the E-Waste industry, through its collaboration with fellow Canadian firm EnviroLeach Technologies CSE:ETI) (OTCMKTS:EVLLF).

EnviroLeach is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroLeach extracts precious metals from ores, concentrates, and E-waste using only FDA approved additives and ambient temperature water.

Mineworx is the technology/systems integrator for the continued design, development and installation of process pilot plants and full-scale production facilities for the Mineworx/EnvrioLeach joint venture in the extraction of precious metals in E-Waste.

Traditional mining depends on the utilization of large amounts of toxic cyanide while present E-Waste recycling depends on other highly toxic chemicals and smelting for processing.

Mineworx’s environmentally-safe technologies include its privately branded HM X-leach product, a cyanide-free process for the extraction of gold and other precious metals, for which it holds a license in perpetuity from EnviroLeach for the mining sector.

The company has developed a patent-pending, energy-efficient mineral grinding mill, based on a proprietary, high-velocity, horizontal-rotary milling design, which is designed for the fine grinding of ores and regrinding of concentrates and tailings, producing a consistent particle size with 100% of the ground material passing 100 mesh (150 micrometres)

The small size and unique design of the HM X-Mill reduce its construction and installation costs relative to conventional mills, and it is container-based, eliminating the need for costly foundations and support infrastructure.

The energy efficiency of the HM X-Mill’s low horsepower requirement gives it a low operating cost for its grinding duty, and the grinding method used is more energy-efficient than conventional ball mills, rod mills or high-pressure grinding rolls.

Additionally, Mineworx is undertaking strategic alliances with its Spanish mineral assets - the Aroche Wollastonite marble project in the province of Huelva, and the Cehegín Iron Ore Project - which feature past producing projects, excellent infrastructure and close proximity to rail, highways and deep seaports in the European country.

How is it doing:

Mineworx revealed on February 26 this year that it had signed a letter of intent with EnviroLeach to develop and utilize the firm’s patented technology to recover platinum group metals (PGM) from catalytic converters.

After signing a definitive agreement, Mineworx said it will fund, in phases, the further development of EnviroLeach’s technology to tailor it to recover platinum group metals, including bench and pilot-scale test work.

Mineworx said it will also have the option to “finance, construct, own and operate” a proposed commercial production facility to process end-of-life catalytic converters utilizing EnviroLeach’s proprietary technology under license.

Building on this venture, Mineworx announced on April 16 that it is pairing up with a US recycling company to advance catalytic converter recycling.

The company said it has signed a letter of intent with Tennessee’s Davis Recycling Inc to develop, build and operate a commercial pilot plant to recover platinum group metals (PGM) from catalytic converters. Davis Recycling is a scrap recycling business which services 13 US states

The plant will be built on Davis’s 12-acre property near its recycling facility in Johnson City, Tennessee and will utilize the technology licensed by Mineworx from EnviroLeach.

The letter of intent is a “key piece” of Mineworx’s business development strategy in the US marketplace, the group said and will help to solidify its feedstock, procurement, material processing and logistical planning aspects of its US business plan.

In December last year, the company announced that the US Patent and Trademark Office had issued a second patent covering it’s HM X-tract mobile modular mining/extraction process. 

Mineworx's additional patent related to the water reclamation subsystem for the HM X-tract mobile modular mining/extraction process. The water recycling subsystem is positioned to receive tailings and separate the tailings into recyclable water and solid waste.

And in November last year, Mineworx and EnviroLeach revealed they had completed the commissioning of their Greater Vancouver E-Waste recycling plant, with preliminary commercial production having started at the EnviroCircuit E-Waste processing facility located in Surrey, British Columbia.

Starting with a single shift per day, Mineworx said it would incrementally increase process throughput to five tonnes per day of printed circuit boards by January 1, 2020. The company said additional shifts will be added to achieve the targeted plant capacity of 20 tonnes per day (6,000 tonnes per year) by the end of June 2020.

Inflection points:

  • Formal deal with Tennessee’s Davis Recycling
  • Further development of technology to recover PGM from catalytic converters
  • More patent news for HM X-tract mobile modular mining/extraction process

What the boss says:

Mineworx CEO Greg Pendura told investors in April’s statement announcing the venture with Davis Recycling: “Establishing a leading North American partner in this space provides a significant opportunity for Mineworx to introduce an eco-friendly and commercially viable alternative to the oversea smelters currently used in the processing of catalytic converters for valuable PGMs.”

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Full interview: Mineworx Technologies sign LOI with Tennessee company to...

Mineworx Technologies (CVE:MWX-OTCQB: MWXRF) CEO Greg Pendura joined Steve Darling from Proactive Vancouver to discuss the company signing a deal with a group in Tennessee to deal with their large stockpile of Catalytic converters. Pendura telling Proactive more about Davis Recycling and...

on 04/17/2020

5 min read