or
Remember me
Back
Comments on NOVX21 from various sources.... Henry Lazenby, Mining Weekly (6/13/14) "NovX21 Inc., a Quebec-based green technology firm, is hoping to build its first full-scale plant that would extract platinum group metals from used catalytic converters. . .despite catalytic converters being recycled for many years, the company plans to do it in a much cheaper and environment-friendly way. . .the process produces no waste, with the ceramic being reclaimed and sold to the hydraulic fracturing materials market."
Debra Fiakas, Small-Cap Strategist (5/16/14) "NovX21 Inc. is addressing the problem of supply with an 'urban mine.' The company has developed a chlorination process to reclaim platinum as well as palladium and rhodium from spent converters. . .the process recovers as much as 97% of the precious metals in the ceramic component of each converter. . .protected by U.S. and Canadian patents, it is a process that is economically competitive and environmentally friendly."
The Mining Report Interview with Stephan Bogner (4/1/14) "NovX21 Inc. has patented a clean platinum group metals (PGM) recovery technology that can be implemented anywhere. The technology uses little energy and creates no pollution. It has a low capex, offers a quick payback and has a gross margin in excess of 30%. In the U.S. and Canada alone, more than 12M catalytic converters are recycled every year. Worldwide, there are some 50M used cars, but only half of their catalytic converters are recycled. Today, PGMs are usually recovered using capital-intensive smelters. These smelters employ a lot of energy to melt metals between 1,500–3,000 degrees Celsius, generating a lot of pollution. The NovX21 pilot plant in Québec has been running in an outstanding manner for two years now, making this a great investment opportunity with limited risks. Its process will become the gold standard for PGM recycling."
Imed Zine, Roadmap Capital Inc. (3/10/14) "NovX21 Inc. is a platinum group metals (PGM) recovery technology company. The company offers low-cost, clean technology for the recovery of PGMs mainly from catalytic converters (CCs), using small-footprint facilities that require a low capex investment and consume low power. It should be mentioned that most of the mined platinum and palladium (40%Pt, 70% Pd) is used by the automotive industry to build CCs. The recycling process of CCs is currently conducted by smelters. NovX21's technology transforms PGM-rich materials into a highly concentrated metallic powder in just a few days. Its patented process yields more than 97% recovery of PGMs. It is mainly based on dry chlorination followed by leaching and filtration. NovX21 has a great potential as soon as it finishes building the 200 tpa facility and secures the supply of the feedstock."
