- Mineworx Technologies (MWX) has successfully completed optimization testing at its Catalytic Converter project in Tennessee
- The company will move forward to the next phase of the project
- The commercial production facility will be designed based on a modular concept
- Mineworx is in the cleantech sector and focused on the development and commercialization of its processing technologies for the recovery of precious metals
- Mineworx Technologies Ltd. opened the day’s trading at $0.055 per share
Mineworx Technologies (MWX) has successfully completed the optimization stage of testing at its Catalytic Converter project in Tennessee.
The company will now move forward to the next phase of the project.
The commercial production facility will be designed based on a modular concept.
Once final design protocols have been obtained, the company will initiate the procurement process for Module 1.
Production output for this module is expected to be approximately 2.5 tonnes per day. Further information on the plant’s operational performance will be disclosed upon the completion of the design specifications.
Mineworx says it will continue operating the Pilot Plant to compile processing data to minimize operational risks for Module 1 as well as additional mechanical and engineering data necessary for finalizing the commercial scale design.
Once commercial production has begun, the Pilot Plant will provide data on feedstock inputs and operational efficiencies, from recovery rates to cost analysis on all facets of plant operations.
“Our objective since day 1 has been to move this project forward towards commercial success,” noted Greg Pendura, President and CEO.
“The design concept of constructing our commercial facility within a modular framework allows us to move towards our goal in a more effective and efficient manner, and the costs and operational benefits of being able to proceed to commercialization on a modular concept are significant,” he added.
Mineworx is a company in the clean technology sector focused on the development and commercialization of its environmentally-friendly processing technologies for the recovery of precious metals.
Mineworx Technologies Ltd. opened the day’s trading at C$0.055 per share.