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EnviroMetal Technologies Inc C.ETI

Alternate Symbol(s):  EVLLF

EnviroMetal Technologies Inc. is a Canada-based company, which is engaged in the developing and commercializing economic and environmentally sustainable metal recovery technologies for applications in the gold mining industry. The Company extracts precious metals from ores and concentrates by deploying its proprietary non-cyanide, water-based and neutral pH treatment process. Its proprietary and patented chemistry technology extracts precious metals from conventional mine products, including gravity, flotation and pre-treated refractory concentrates. Its chemistry formulations recover gold from gravity and flotation concentrates. Its pipeline technology In Situ Recovery (ISR) is an extraction method for multiple metals. ISR used as a primary uranium extraction process in the United States and internationally. ISR offers a sustainable solution for the gold mining sector.


CSE:ETI - Post by User

Comment by bobbythebakeron Sep 24, 2023 11:02am
167 Views
Post# 35651203

RE:RE:Group 11 Project at Rattlesnake Hills is Cancelled

RE:RE:Group 11 Project at Rattlesnake Hills is Cancelled I'm not so sure, Canadian Goose.  Yes, Envirometal wrote down the $750,000 investment value they initially obtained on the Group 11 deal, and they state the project as currently unfinancable, but that doesn't mean the project is closed.  This month's investor presentation from Encore Energy (part owner of Group 11) has a bullet point that says:  "Investing in new technology: Group 11 Technologies, working to revolutionize environmentally-friendly mineral extraction of other metals by combining two proven technologies; in-situ recovery with environmentally-friendly solvents". My gut says this is an accounting move more than a strategic one.  I'll bet if you contacted Envirometal, they would tell you there is still a future for Group 11.
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