- EnviroMetal Technologies Inc. (ETI) has received funding of up to $1.74 million through the Mining Innovation Commercialization Accelerator (MICA) Network
- EnivroMetal uses a non-cyanide, water-based, neutral pH treatment process to extract precious metals from ores, concentrates, and other gold-bearing materials
- The funding is intended to cover 30 per cent of the commercialization of EnviroMetal’s technology
- The project will run for approximately 2.5 years, starting from the end of this year
- EnviroMetal Technologies Inc. (ETI) is unchanged, trading at $0.09 per share as of 11:23 a.m. EST
EnviroMetal Technologies Inc. (ETI) has received funding of up to $1.74 million through the Mining Innovation Commercialization Accelerator (MICA) Network.
MUCA is a pan-Canadian initiative that connects stakeholders from a wide range of fields to accelerate technologies to make mining more productive and sustainable.
EnviroMetal Technologies develops and commercializes environmentally friendly formulas and technologies for the treatment of materials for the primary and secondary metals industries.
The funding is intended to cover 30 per cent of the commercialization of EnviroMetal’s technology, including the engineering, construction, and operation of a commercial-scale gold recovery circuit pilot plant.
The company has scheduled the project to run for approximately 2.5 years, starting from the end of this year. The project may see further contributions from mining industry participants.
Wayne Moorhouse, President and CEO of EnviroMetal, stated,
“We offer an economically superior and sustainable option for many gold miners, and the funding contributions from MICA will accelerate our work with mining partners to demonstrate technology readiness at pilot and ultimately commercial scale.”
EnviroMetal Technologies Inc. (ETI) is unchanged, trading at $0.09 per share as of 11:23 a.m. EST.