BURNABY, British Columbia, Oct. 25, 2017 (GLOBE NEWSWIRE) — Mineworx Technologies Ltd., (the “Company” or “Mineworx“) (TSXV:MWX) (OTCQB:MWXRF) (FSE:YRS) (WKN: A2DSW3), a leading provider of proprietary, cost-effective, and non-toxic precious metals extraction solutions to the E-Waste and mining industries, announced today that the Company has commenced shipment of its E-Waste plant to Memphis, Tennessee. Part of the Mineworx engineering and fabrication team are on location in Memphis to initiate the plant assembly in the partner’s 650,000-square foot facility.
“This is a milestone event for the Mineworx-EnviroLeach E-Waste collaboration,” commented Greg Pendura, CEO. “Both companies’ teams deserve tremendous credit for their ingenuity and foresight in developing this remarkable one-of-a-kind process. Taking a concept from R&D to commercialization is equal parts invention, engineering and hard work. But bringing new technology to market ahead of schedule and on budget is also a testament to the operational skills of these talented teams. We look forward to actual results when the plant begins processing material in the next few months.”
The Company will be providing timely future updates on this industry-leading project as it progresses.
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 (“forwardlooking 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 TSXV: MWX OTCQB: MWXRF Frankfurt: YRS WKN: A2DSW3 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