They want to make sure MWX is not left behind :P Mineworx Announces E-Waste Joint Venture with EnviroLeach Technologies
BURNABY, BRITISH COLUMBIA--(Marketwired - June 14, 2017) - Mineworx Technologies Ltd., formerly Iberian Minerals Ltd. (the "Company" or "Mineworx") (TSX VENTURE:MWX)(OTCQB:MWXRF)(FRANKFURT:YRS)(WKN:A2DSW3) announced today a joint venture with EnviroLeach Technologies Inc. (CSE:ETI)(CSE:ETI.CN)(CNSX:ETI)(OTCQB:EVLLF)(FRANKFURT:7N2)(WKN:A2DQUC) for ongoing collaboration in the E-Waste sector.
The strategic relationship was created in an effort to capitalize on the assets and skill sets of both parties to develop an innovative, turn-key and environmentally friendly solution for E-Waste processing. The joint venture will be based on 20% of net profits payable to Mineworx. In return for its share in the joint venture, Mineworx will provide its engineering design and fabrication capabilities and will transfer the ownership of its prototype HM X-Mill and all applicable components to EnviroLeach. Mineworx will also grant EnviroLeach an exclusive license to use the patent pending HM X-Mill technology in all E-Waste processing solutions globally. EnviroLeach will be the manager of the Partnership.