Post by
farml1234 on Dec 17, 2020 9:44am
Big News out for DST today
Dundee Sustainable Technologies Inc.NEWS RELEASEDST ANNOUNCES LICENSING AGREEMENT WITH NEWMONT CORPORATIONMONTREAL, QUEBEC, December 17, 2020 Dundee Sustainable Technologies Inc. (DST or the Corporation) (CSE: DST) is pleased to announce that it has entered into a Technology Transfer Licensing Agreement (the Agreement) with Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont) for the utilization of DSTs cyanide free gold extraction, known as the CLEVR Process (CLEVR or the Technology).We are very pleased to announce this agreement with Newmont which is the culmination of much work and dialogue between our companies. Our collaboration with a global gold producer is the result of years of continuous efforts in developing an innovative and technically sound process for the industry, said David Lemieux, President and CEO. Todays announcement is further validation of DSTs CLEVR Process as one of the leading cyanide free alternatives for the gold industry, and it represents an important milestone in the early stage adoption and understanding of our technology by a world leading gold company, added Mr. Lemieux. DST has been in ongoing discussions and technology review with Newmont regarding its CLEVR gold extraction process to evaluate and quantify its applicability on projects selected by Newmont. Following a successful test work program in Q1-2020, Newmont expressed its interest towards the execution of a Technology Transfer Licensing Agreement allowing Newmont to conduct laboratory CLEVR leaching tests in its technical facilities in Englewood, Colorado.As part of the Agreement, DST and Newmont, agreed to:-A two (2) year, non-exclusive license for the utilisation of CLEVR at the laboratory scale in its Colorado technical facilities with an option to renew, for an additional two (2) year periodunder the same terms;-Technology implementation support by DST, including all Technology laboratory protocols in addition to technical training sessions to initiate and support the Technology transfer and practical operations;-Ongoing Technology support and for DST to review the laboratory test plans, execution, and results conducted by Newmont; and-Any process scaling-uprequirements, resulting from positive applications of CLEVR, willbe conducted jointly with Newmont at DSTs technical facilities in Canada and/or onsite using DSTsTechnology and engineering group expertise.The objective of the Agreement is to facilitate the adoption, understanding and application of CLEVR on various gold projects being, or to be, developed by Newmont. The Agreement has been executed on November 25, 2020