DGAP-News

​​​​​​​EnviroMetal Technologies Provides Corporate Update - Seite 2

The benefits of the EnviroMetal Technologies processes for gold mining companies include:

• Low cost
• Effective on most ores and concentrates
• Eliminates smelting and related costs
• Dore produced on site
• Faster payments for gold
• Enhanced ESG profile
• Reduced tailings management costs
• Environmentally friendly and sustainable
• No harmful chemicals
• Low water consumption

E-Waste/PCBA Processing Technologies

The Company operates a commercial-scale pilot plant, EnviroCircuit, for processing end of life printed circuit board assemblies ("PCBA"). During four months from March to June of this year, EnviroCircuit processed over 152 tonnes (335,000 lbs) of printed circuit board material and produced over 31 tonnes of high-grade metal concentrates, 107 tonnes of base metals, and residual materials for sale to downstream customers.

Based on the extensive information and knowledge gained from processing over 300 tonnes of E-Waste, the Company identified a number of enhancements and upgrades to the process to improve material recoveries and operational efficiencies. Upgrades currently underway at the EnviroCircuit facility are expected to result in greater metal recovery, higher material throughputs, reduced maintenance and operating costs, and increased equipment availability. The upgrades are scheduled to be completed early in the fourth quarter of 2021. EnviroCircuit currently holds over 62 tonnes of printed circuit board material in inventory for future processing and additional shipments are anticipated for Q4.

As previously reported, the global effects of the COVID pandemic have had a temporary but detrimental effect on the entire E-Waste/PCBA industry, resulting in reduced levels of E-Waste collection, dismantling, and transport. The global logistics industry has been negatively impacted by the COVID pandemic and is still experiencing significant and serious challenges including port delays, container shortages, clearance delays and increased surcharges which make the acquisition and delivery of feedstock and the shipping of finished goods challenging. It is unclear when the current conditions will improve. To mitigate these issues, the Company is focussing on securing PCBA feedstock from North American-based suppliers and has initiated an aggressive campaign to identify and develop long-term relationships with United States and Canadian-based recyclers and aggregators.