Technical Teams Commence Assembly Ahead of Schedule and Under Budget
Burnaby, BC (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSXV:MWX) (OTCQB:MWXRF) (FSE:YRS) (WKN:A2DSW3), in partnership with EnviroLeach Technologies Inc. (CSE:ETI), a leading provider of proprietary, cost-effective, and non-toxic precious metals extraction solutions to the E-Waste and mining industries, announced today that further to its news release of October 25, 2017, that all nine separate 20-foot containerized E-Waste plant modules plus hundreds of additional components for both the dry and wet side of the E-Waste processing plant are now on-site at the partner’s 650,000-square foot facility in Memphis, TN.
The Mineworx engineering and fabrication team on location in Memphis are now undertaking the complete assembly of the plant. Full assembly and testing of the plant is expected to be finalized by early December in preparation for the much-anticipated planned launch of the commercial processing of E-Waste in early Q1, 2018.
"The Mineworx/EnviroLeach E-Waste collaboration's ambitious vision of nearly a year ago is becoming a tangible reality. We are excited that we are on track to realize the commercial potential of the combined technologies, going from concept to fruition in such a short period of time.", commented the Company's CEO Greg Pendura. The Company will continue to provide timely updates on this industry-leading project as it nears commercial production.
Mineworx is positioned for growth through partnerships with advanced mining and E-Waste opportunities utilizing its licensed cyanide-free precious metals extraction formula and patent-pending portable extraction technologies. These three innovations will increase and enhance business opportunities by deploying cost effective, environmentally friendly extractive metallurgy solutions.
EnviroLeach is a near-term gold producer that extracts precious and strategic metals from ores, concentrates and E-Waste using a new, proprietary electro-chemical process. This process has been proven to be a cost-effective and sustainable alternative to the current Cyanide, Smelter and Acid based processes used today.
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.
This press release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Mineworx’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Mineworx’s control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Mineworx believes that the expectations in the forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. As such, readers are cautioned not to place undue reliance on the forward-looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Mineworx does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
For further information, go to www.mineworx.net
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SOURCE: Mineworx Technologies Ltd.