Because EnviroLeach has just secured its first offtake contract with metals trading house Ocean Partners USA Inc, a subsidiary of UK-based Ocean Partners Holdings Limited. Under the terms of the agreement, EnviroLeach will use its patented and environmentally friendly metal extraction process to extract gold from gold mine by-products.
The initial materials processed under the contract will be a small supply of concentrated gold mine by-products with an estimated gold content of up to 40,000 grams per tonne. All materials will be processed at EnviroLeach's facility in Vancouver, Canada.
Ocean Partners is a U.K.-based metals, mineral ores and concentrates trading company that annually trades over 2 million tons of material valued at approximately $3 billion for a large international customer base, including precious and base metal mines, smelters, refiners and others.
Duane Nelson, President and CEO of EnviroLeach, commented, "I am very pleased that we are finally able to offer our unique gold extraction services to such a highly respected metals trading company. We are confident that this contract will further validate the applicability of our unique process and lead to additional opportunities with Ocean Partners. We look forward to building a long-term, mutually beneficial relationship."
Jay Hemenway, Senior Trader, By-Products, Precious and Minor Metals, for Ocean Partners, commented, "We are always looking for innovative new technologies for the recovery of metals from ores, concentrates and process by-products. The EnviroLeach contract is compelling as it potentially offers an environmentally friendly, sustainable and economical alternative to conventional smelting and refining."
Ocean Partners has a strong global network of clients, relationships and contacts in the precious and base metals mining and smelting sectors. Ocean Partners identifies, analyzes and manages market opportunities for the recovery of metals contained in concentrates, by-products and residues. They provide customized solutions for miners, smelters and refiners by applying their technical, commercial and financial knowledge to materials produced and sold worldwide.
EnviroLeach Technologies is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the primary and secondary metals sectors. Using its proprietary, non-cyanide, water-based, pH-neutral treatment process, EnviroLeach extracts precious metals from ores, concentrates and e-scrap.
According to §34b WpHG and according to paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of EnviroLeach Technologies and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between EnviroLeach Technologies and GOLDINVEST Consulting GmbH, which means that there is a conflict of interest, especially since EnviroLeach Technologies remunerates GOLDINVEST Consulting GmbH for reporting on EnviroLeach Technologies.