- Mineworx (MWX) is now able to recover Rhodium from used catalytic converters
- The existing Mineworx pilot plant is capable of recovering Rhodium without adversely impacting its operating efficiency
- The company now plans for a full-scale set of tests to confirm the commercial viability of the initial results
- Mineworx is a CleanTech company that focuses on the development and commercialization of its technologies for the recovery of precious metals
- Mineworx Technologies Ltd. opened trading at $0.025 per share
Mineworx (MWX) is now able to recover Rhodium from used catalytic converters.
During the past year, the Mineworx team has developed a a new method that allows for the recovery of Rhodium (Rh) in addition to Platinum (Pt) and Palladium (Pd) from used catalytic converters.
Rhodium is a highly valued commodity present in many catalytic converters. The average spot price for Rh in the previous thirty days is approximately US$13,680.00 per ounce.
During trials, it was determined the existing Mineworx pilot plant would be capable of recovering Rhodium by utilizing the newly developed techniques. Modifications to the pilot plant required to implement the new process were completed and did not adversely impact the operating efficiency or processing costs of the existing process for Pt and Pd.
The company now plans for a full-scale set of tests utilizing the pilot plant to confirm the commercial viability of the initial results.
Greg Pendura, President and CEO, commented on the development.
“This is exciting news for the company as it allows us to source a broader range of feedstock and to recover a highly valued metal. We have a talented research team whose efforts continue to deliver new opportunities.”
Mineworx is a CleanTech company that focuses on the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals
Mineworx Technologies Ltd. opened trading at $0.025 per share.