VANCOUVER, British Columbia, March 18, 2019 (GLOBE NEWSWIRE) -- EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”),
(CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) is pleased to report that advances in its formula have resulted in the selective dissolution
of Palladium (Pd) from multi-metal sources into aqueous solution.
Recent test work on samples, using modified conditions of Enviroleach’s proprietary chemistry, was carried out
to evaluate the extraction of palladium from ceramic based catalytic converters. Initial testing showed approximately 90%
recovery of the contained palladium was achieved in less than 2 hours. Some of the early results are provided in the table
below.
| |
Cal Head
(g/t Pd) |
Assayed (g/t Pd) |
Residue (g/t Pd) |
Recoveries (%) |
| Test |
30 min |
60 min |
90 min |
120 min |
| CZ301 |
3,170 |
3,300 |
339 |
73.7 |
76.5 |
76.7 |
90.1 |
| CZ302 |
3,390 |
3,300 |
287 |
79.8 |
89.5 |
- |
92.0 |
Initial electrowinning tests on the recovery of Palladium from solution was also positive. One sample, with an
initial SOL grade of 159 PPM Pd, attained an 83% recovery of metal from solution within 40 minutes of the electrowinning
process.
Further internal testing is planned to optimize the chemistry and leach conditions. Validation work will
be contracted to an external lab after the internal development and optimization has been completed. Additional studies are also
being performed on the effectiveness of our modified solution on the other Platinum Group Metals including Platinum (Pt). The
Company is currently investigating the potential of pilot scale testing in Q3/Q4 of this year.
Duane Nelson, President and CEO of EnviroLeach, states; “I am very pleased that our environmentally friendly
chemistry and process can be modified to extract palladium. This is another important breakthrough by our brilliant team of
scientists and provides EnviroLeach with strategic access to another multibillion-dollar market sector”.
A catalytic converter is an automotive device used to convert toxic vehicle emissions to less harmful
substances by way of catalyzed, or accelerated, chemical reactions. Most present-day vehicles that run on gasoline, including
automobiles, trucks, buses, trains, motorcycles, and planes, have exhaust systems employing a catalytic converter.
The current price of Palladium has now surpassed gold and is trading at $1,563 per ounce. Recent Automotive
Catalytic Converter Market report by Allied Market Research, projects that the global automotive catalytic converter
market size is expected to reach $183.4 billion by 2022, registering a CAGR of 7.7% from 2016 to 2022.
According to the “2017 PGM Market Report” from Johnson Matthey, throughout the last six years, the global
shortage of platinum averaged 346,600 ounces annually, while the shortage of palladium was 806,300 ounces annually. These shortages
highlight the need for auto catalyst recycling. It is estimated that up to 30 percent of PGMs will come from the recycling
industry by 2021.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology company that is engaged in the development and commercialization of
environmentally-friendly technologies for the recovery of precious metals in the mining and E-Waste sectors. Using its proprietary
non-toxic, water-based, and near neutral pH treatment process, EnviroLeach extracts precious metals from mining ores, concentrates,
and E-Waste using only FDA approved additives at ambient temperatures.
Backed by a staff of highly experienced scientists and engineers, and based on years of research, including
independent validations and pilot scale test programs, EnviroLeach’s technology is poised to become the world standard in
eco-friendly extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on
the EnviroLeach web site: https://enviroleach.com
Forward Looking Statements
This News Release contains “forward-looking information” and “forward looking statements” within the meaning of
applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or
current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continues,”
“estimates,” “expects,” and “will” and words of similar import, constitute “forward-looking statements” within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information
with respect to our Research and Development activities, the accuracy of our capital and operating cost estimates; production and
processing estimates; the results, the adequacy of EnviroLeach’s financial resources and timing of development of ongoing research
and development projects, costs and timing of future revenues or profits and adequacy of financial resources. Wherever possible,
words such as “plans”, “expects”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”,
“anticipates”, “believes”, “intends”, “targets” and similar expressions or statements that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar
expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or
earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are
not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of
known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed
or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of
EnviroLeach’s management on the date the statements are made. The assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update
forward-looking information, whether as a result of new information, future events or otherwise, other than as required by
applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking
information. The CSE has not approved or disapproved of the information contained herein.
Contact Information:
Todd Beavis
EnviroLeach Technologies Inc.
info@EnviroLeach.com
