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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 Sep 30, 2021 12:39pm
350 Views
Post# 33946295

RE:Group 11 tedchnologies expects to have initial results in Q4

RE:Group 11 tedchnologies expects to have initial results in Q4One minor correction:  "Envirometal owns 40% of Group 11 technologies" is no longer accurate.

Group 11 had a $1M financing with accredited investors finalized in late July.  After that financing, EnviroMetal put out a press release:

https://www.yahoo.com/now/enviroleach-announces-group-11-technologies-123000911.html

The press release includes the following passage:
EnviroLeach is a founding (40% interest pre-financing) shareholder of Group 11.

Another partner, enCore, put out similar press release with similar verbage about their "pre-financing" ownership interest in Group 11.  Unsure if the last partner, Golden Predator, did the same or not.

If anyone has information as to the updated ownership percentages after the financing, I would be interested to hear about it.
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