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EnviroMetal Technologies Inc C.ETI

Alternate Symbol(s):  EVLLF

EnviroMetal Technologies Inc. is a Canada-based company. The Company 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 BigGrayCaton Nov 20, 2020 10:40am
402 Views
Post# 31940362

RE:RE:RE:RE:Partner Webinar

RE:RE:RE:RE:Partner WebinarI'm a shareholder of both and I'm not laughing either.

I have no direct knowledge of the potential legal concerns between MWX and ETI, but I am interested in what exactly was provided to Iberian/Mineworx when Enviroleach was spun off.  I recalled that Iberian/MWX was given the rights to use the formula under particular constraints, so I went back to the press release of the spin off:

https://www.globenewswire.com/news-release/2016/12/14/1096049/0/en/Iberian-Minerals-Announces-Spin-Out-of-X-Leach-Reagent-Technology.html

Although that is not a legal document, the PR says that ETI will receive all X-Leach related assets and IP rights for a price of $3M.  It also says the following:
"Iberian's wholly owned subsidiary, Mineworx Technologies Inc. will receive a free sub-license to use the technology in its business operations, providing it is not in competition with EnviroLeach.".

Perhaps that is where the disagreement lies...  There is quite a bit to interpret in that passage and likely a lengthy legal document behind it.
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