EnviroLeach Technologies Inc.
EnviroLeach Announces Successful Recovery of Tin from Printed Circuit Boards
Thursday, February 13, 2020 5:00 AM
VANCOUVER, BC / ACCESSWIRE / February 13, 2020 / Vancouver, BC, February 13, 2020, EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (CSE:ETI) (OTCQB:EVLLF) (FSE:7N2) is pleased to announce it has completed preliminary lab-scale testing on the recovery of tin metal from printed circuit board (PCB) material.
Hydrometallurgical studies conducted at Enviroleach's lab resulted in recoveries of approximately 90% of the tin contained in the tested PCB material.
The current treatment of PCBs involves the recovery of metals by smelting and is focussed on the recovery of gold, silver, palladium and copper. These smelters do not pay for the contained tin, yet it makes up a significant proportion of the overall potential economic value of the PCBs. Typically, the tin content in printed circuit boards range from 1% to 6% of the total weight. These percentages translate to a contained gross value of $170 to $1,020 per tonne of PCBs based on a tin value of $17.00 per kilogram.
The recovery of tin has the potential to give the EnviroLeach process a distinct economic advantage. It may also provide the only sustainable, recurring resource of tin from waste PCBs, resulting in a substantial contribution towards the achievement of the global circular economy.
Over the past decade, ∼52% of all refined tin has been used as solder in the electronics industry. Although current global tin reserves can meet the short-term demand, for long-term sustainable development, recycling tin from secondary resources, such as PCBs, is essential.
As previously announced in a news release on January 15, 2020, the Company is seeking warrant holder approval to amend the terms of 6,700,000 outstanding warrants from a $2.50 exercise price and March 1, 2020 expiration date to a $1.33 exercise price and September 30, 2020 expiration date.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies 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.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations and strategic partners and over $15 Million dollars in research and development, EnviroLeach's technology will become the standard for the provision of eco-friendly methods for the hydrometallurgical extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on the EnviroLeach web site:https://enviroleach.com
This News Release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and the United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continues," "estimates," "expects," and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our Research and Development activities, the accuracy of our capital and operating cost estimates; production and processing estimates; the results, the adequacy of EnviroLeach's financial resources and timing of development of ongoing research and development projects, costs and timing of future revenues or profits and adequacy of financial resources. Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends", "targets" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of EnviroLeach's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. The CSE has not approved or disapproved of the information contained herein.
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EnviroLeach Technologies Inc.
SOURCE: EnviroLeach Technologies Inc.