Financials on SedarDid 94 tons total for the 3 months ending June 2021.
Revenue of approx 562,000
Loss approx 1,5 million
'
Working capital approx 3.8 million
Have secured approx 90. tons of feedstock for q3
It appears that the plant was upgraded in July and will be running better by the end of q3. They are working on tin and copper,
Certainly appears that the feedstock constraints are seriously hurting any sustained commercial run-rate. Even if the plant can operate at 1 ton per hour, ( which I don't know, if it can) without the feedstock, it could be a long road.
Would be nice to have an update, clarifying exactly how much percentage of a ton of ewaste going through the Surrey plant has to be sent to a smelter.
Also would be nice to know with all the upgrades etc, to the plant, what the predicted breakeven tonnage monthly is presently. ( Was it not somewhere around 130 tons per month? At least in one interview I seem to recall Mr. Nelson saying somewhere around that number? )
I must have missed the press release of the signing of a licence agreement and technology and service agreement with HeliosXCorp. Anyone know if there was any payments to Envirometals for the agreement? Is that not a royalty agreement?
More questions than answers, for me. Certainly would be nice to know how close the technology is for copper and tin extraction. Sounds like it is still in the lab.
Would be nice to have an update from management to all shareholders. glta