Mineworx Technologies and EnviroLeach Technologies
The spin-out of EnviroLeach Technologies (CSE:ETI) into its who publicly traded company has resulted in Mineworx holding a free sublicense in perpetuity to use the HM X-leach in its current business operations. Both Mineworx and EnviroLeach share their respective head offices at the 4,200 square foot EnviroLeach facility, located in Burnaby, B.C.
Mineworx – EnviroLeach Joint Venture
Mineworx and EnviroLeach have entered into a Joint Venture for the 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. Mineworx’s equity participation and ownership within the Joint Venture will be 20%, commencing with the recently signed global E-Waste processing partnership by EnviroLeach, which was announced on August 31, 2017. In return for its share in the joint venture, Mineworx will provide its engineering design and fabrication capabilities and also grant EnviroLeach an exclusive license to use the patent pending HM X-Mill technology in all E-Waste processing solutions globally.
Mineworx – Exclusive Technical/Systems Integrator for Mining and E-Waste Plants
The two companies will continue a close “sister” relationship, whereby Mineworx is now the exclusive technology/systems integrator for the continued design, development and installation of the joint EnviroLeach/Mineworx process pilot plants and full-scale production facilities. This relationship will leverage and extend the Mineworx team’s expertise in design-build capabilities to the development of specialized industrial modular process systems and facility construction for the deployment of EnviroLeach systems globally in both the mining and E-Waste management sectors.
Coronet Metals Inc.
Mineworx has signed a definitive Joint Processing Agreement with Coronet Metals Inc. (TSXV:CRF) which will see Mineworx apply its licence to utilize the EnviroLeach Technologies patent-pending, non-cyanide leach formula (HM X-leach) to process the estimated 250,000 tonnes of gold-bearing tailings and dumps at the project. The company is now proceeding with the next phase of the project toward pilot plant testing.