Skip to main content

Mineworx announces the Commencement of Procurement for Module 1

Written by Customer Service on . Posted in Public Companies.

EDMONTON, Alberta, Aug. 02, 2022 (GLOBE NEWSWIRE) — Mineworx Technologies Ltd., (the “Corporation” or “Mineworx“) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) is pleased to announce that it has commenced the procurement of the major components of the first module of the commercial plant.

Module 1 is the first stage of the planned commercial facility located in Tennessee that will process diesel catalytic converters supplied by its partner, Davis Recycling Inc. Module 1 will have a projected minimum processing capacity of 2.5 tonnes per day and with its successful operation is expected to enter the Company into the revenue generation phase of business. Module 1 will serve as the template for additional modules for the buildup in attaining a minimum processing capacity of 10 tonnes per day per facility.

Greg Pendura, President, and CEO stated, “We are pleased that the design process has advanced to the stage that allows us to commence the purchase of major components. With our projected timeline and utilizing the expected proceeds of the announced Rights offering, we anticipate being operational by the end of 2022. This is obviously a very exciting time for the Company and its shareholders, and we all look forward to 2023 being our breakout year for business development and corporate growth.”

About Mineworx

Mineworx is positioned for growth in the CleanTech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its partner Davis Recycling. For further information, visit www.mineworx.net.

For further information contact:

MINEWORX TECHNOLOGIES LTD.
Greg Pendura
President & CEO
‎780-800-0726‎
Greg@mineworx.net

For Media interview requests, please contact:
Nelson Hudes
Hudes Communication International
905-660-9155
Nelson@hudescommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.