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Dilution machine going full bore. Don’t they have a revenue yet?
At least they did not PR it before. I liked it better when it was quietly understood
BINGO. Been going on for a while now.
NEWS! Mineworx To Pursue Catalytic Converter Market
Press Release | 02/26/2020
SURREY, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) is pleased to announce the signing of a Letter of Intent (“LOI”) with EnviroLeach Technologies Inc.(“EnviroLeach”) (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) to develop and utilize EnviroLeach’s patented technology to recover platinum group metals (“PGM”) from catalytic converters. Upon completion of a definitive agreement Mineworx will fund, in phases, further development of the EnviroLeach technology to tailor it to the recovery of PGM including bench and pilot scale test work. Mineworx will also have the option to finance, construct, own and operate a proposed commercial production facility to process end of life catalytic converters utilizing EnviroLeach’s proprietary technology under license.
Greg Pendura, President and CEO commented, “We are very pleased to announce this initiative, which has significant potential within the PGM market in excess of $30 billion annually. We are confident that with the support of the EnviroLeach team and their proprietary technology, we will be able to develop an eco-friendly and commercially viable process to extract and market platinum group metals for future use.”
The completion of the transactions proposed under the LOI is subject to a number of conditions including the negotiation and execution of a definitive agreement and license agreement.
https://www.otcmarkets.com/stock/MWXRF/news/Mineworx-To-Pursue-Catalytic-Converter-Market?id=254875
News! EnviroLeach Announces Positive Production-Level Testing for Jabil at its Vancouver Facility
VANCOUVER, BC / ACCESSWIRE / February 20, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (CSE:ETI) (OTCQB:EVLLF) (FSE:7N2) is pleased to announce positive preliminary results from comprehensive full-scale recycling tests conducted at Enviroleach's electronic waste (E-Waste) processing facility in Vancouver on over 60,000 lbs of electronic components and printed circuit boards supplied by Jabil. These full-scale production tests follow the previously announced chemical and formula evaluations performed at Jabil's Memphis facility in 2018 and 2019.
A wide variety of materials including, set-top boxes, modems, cell phones, switches, and printed circuit boards were processed. The resulting individual material fractions and metal-rich solutions were analyzed to determine metal grades, purity, recoverability, and commercial value. Preliminary results indicate all end products meet or exceed industry standards.
Jabil and EnviroLeach are currently negotiating the modification of their existing agreement which may include a strategic partnership to allow for processing a significant quantity of Jabil supplied materials at EnviroLeach's Vancouver facility. This will allow Jabil to immediately leverage EnviroLeach's proprietary formulas and technologies to provide a safe and sustainable alternative for the treatment of end-of-life electronics worldwide.
EnviroLeach's CEO, Duane Nelson, said "I am very pleased that the Jabil relationship is evolving into a tangible commercial venture. The impact of this relationship will provide further validation of our process and is expected to result in a significant long-term source of feedstock for our Vancouver facility".
https://www.otcmarkets.com/stock/EVLLF/news/story?e&id=1535589
EVLLF...972...News...https://www.otcmarkets.com/stock/EVLLF/news/story?e&id=1535589...
Jabil (NYSE:JBL) is a manufacturing solutions provider that delivers comprehensive design, manufacturing, supply chain and product management services. Leveraging the power of over 200,000 people across 100 sites strategically located around the world, Jabil simplifies complexity and delivers value in a broad range of industries, enabling innovation, growth and customer success. For more information, visit jabil.com.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations, and strategic partners and over $20 million in research and development, EnviroLeach's technology is emerging as a potential new standard for the provision of eco-friendly methods for the hydrometallurgical extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on the EnviroLeach web site:https://enviroleach.com
Add tin to the recovery list that ETI has mastered. https://resource-recycling.com/e-scrap/2020/02/13/favorable-market-conditions-drive-smelter-profits/
When will the selling end? Another PR clearly to try and pump this up.
EVLLF...91...Bullish 3 Inside Up Reversal Pattern formed as EVLLF bounced off the 200ma bottom in the .85 range with the Pincher squeezing real hard ...EVLLF coming out of the Oversold Position with strong Accumulation and Money Flow...Macd ready to cross...Been Accumulating under $1...Looking for all time highs to be set this spring...imo...we shall see...
Chart... http://schrts.co/VdEJKzdF
VANCOUVER, BC / ACCESSWIRE / January 31, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (CSE:ETI)(OTCQB:EVLLF)(7N2:FSE) is pleased to announce that it received confirmation that it has been awarded its 2nd patent (U.S. Patent No. 10,563,283) on its proprietary chemical process. The patent will be issued on Feb 18, 2020.
Sorry for the delay in my response but I only have access to 15 posts a day...but have no limitations on Friday happy hour between 4/5...
Thank you...This news flow over the past month or so should start to pay off this spring...imo...we shall see...
NEWS! EnviroLeach Announces Award of 2nd Patent on its Proprietary Technology
Published: Jan 31, 2020 5:30 a.m. ET
January 31, 2020 (ACCESSWIRE via COMTEX) -- VANCOUVER, BC / ACCESSWIRE / January 31, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (ETI)(otcqb:EVLLF)(7n2:FSE) is pleased to announce that it received confirmation that it has been awarded the its 2nd patent (U.S. Patent No. 10,563,283) on its proprietary chemical process. The patent will be issued on Feb 18, 2020.
Duane Nelson, President and CEO comments, "I am very pleased to announce this additional milestone in the development of our IP portfolio. The protection of our technology is paramount to maintaining and building value for our shareholders and this patent. The granting of this 2nd patent strengthens the protection of our IP and further substantiates the proprietary nature of our technology. This offers further validation on the uniqueness of our innovation technology. We are setting a new paradigm for sustainable and economic metals processing. EnviroLeach is clearly establishing itself as a market leader with a best in class technology solution."
The company is committed to differentiating itself as an innovator by continuing the pursuance of an expanded suite of patented technologies.
https://www.marketwatch.com/press-release/enviroleach-announces-award-of-2nd-patent-on-its-proprietary-technology-2020-01-31?mod=mw_quote_news
EVLLF...88...Oversold Pincher Squeezing real hard here...added 10,000 shares yesterday to my holdings...
Chart...http://schrts.co/VcmGXsxJ
01/29/2020
Buy
Trade Details
EVLLF
ENVIROLEACH TECHNOLOGI F
3,700
$0.8759
-$3,240.83
01/29/2020
Buy
Trade Details
EVLLF
ENVIROLEACH TECHNOLOGI F
300
$0.8759
-$262.77
01/29/2020
Buy
Trade Details
EVLLF
ENVIROLEACH TECHNOLOGI F
2,000
$0.8759
-$1,751.80
01/29/2020
Buy
Trade Details
EVLLF
ENVIROLEACH TECHNOLOGI F
2,000
$0.8759
-$1,751.80
01/29/2020
Buy
Trade Details
EVLLF
ENVIROLEACH TECHNOLOGI F
2,000
$0.8629
-$1,725.90
This constant selling is quite disturbing. Too bad I’m stuck here otherwise would have been long gone.
We shall hang on for a while longer.
We are going lower. Unfortunately. Hope that last run up wasn’t just a way for insiders to sell.
When will things really start to happen with this company. I am getting bored....
EVLLF...945...Bullish Harami...Reversal signal as EVLLF bounces off the Lower Keltner line...
Chart...http://schrts.co/mXbqspIy
Remember the conversion rate is in Canadian dollars not US. That 1.33 warrant is basically worth that 1.02 US. I also believe those warrants expire next month and the company doesn’t want to lose out on the cash.
Why would someone exercise warrants at 1.33 and dump them at 1.00?
Warrants already issued and accounted for in previously issued financials are not dilution. They adjusted the price of previous warrants due to some Canadian laws. This is no news.
More dilution ahead boys and girls. 6 mil plus forced warrants are going to be dumped here.
Great News...ty...
News! EnviroLeach Announces Award of Patent on its Proprietary Technology
January 9, 2020
VANCOUVER, BC / ACCESSWIRE / January 9, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (ETI.CN) (EVLLF) (7N2.F) is pleased to announce that it received confirmation that it has been awarded the patent (U.S. Patent No. 10,526,682) on its proprietary chemical process on January 7, 2020.
Duane Nelson, President and CEO comments, "I am very pleased to announce this tremendous milestone in the development of our IP portfolio. The protection of our technology is paramount to maintaining and building value for our shareholders and this patent. The granting of this patent strengthens the protection of our inventions and further substantiates the proprietary nature of our technology. This offers further validation on the uniqueness of our innovation technology. We are setting a new paradigm for sustainable and economic metals processing. EnviroLeach is clearly establishing itself as a market leader with a best in class technology solution."
The company is committed to differentiating itself as an innovator by continuing the pursuance of an expanded suite of patented technologies.
https://ca.finance.yahoo.com/news/enviroleach-announces-award-patent-proprietary-145000719.html
Venture Capital Investors : 22nd Annual Needham Growth Conference
The 22nd Annual Needham Growth Conference (NGC) provides institutional, private equity and venture capital investors with access to approximately 340 growth companies from a broad range of industries including communications & enterprise infrastructure; healthcare; industrial technology; Internet, entertainment & consumer; semiconductors & semiconductor equipment; and software & services. In additional to presentations by senior executives, NGC features outstanding keynote speakers and a variety of thematic panels discussing critical topics that will impact technology markets in 2020 and beyond. One-on-one meetings will be available to qualified investors. To register, please contact your Needham Sales Representative or conferences@needhamco.com.
https://www.needhamco.com/conferences/22nd-annual-needham-growth-conference/
News! EnviroLeach Technologies to Participate in the 22nd Annual Needham Growth Conference
VANCOUVER, BC / ACCESSWIRE / January 8, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (CSE:ETI)(OTCQB: EVLLF), a global leader in innovative and eco-friendly precious metal extraction from E-Waste and mineral ores, announced today that it will participate in the 22nd Annual Needham Growth Conference being held at the Lotte New York Palace Hotel in New York City on Tuesday, January 14, 2020.
Management will be available to meet with institutional investors at the conference. Portfolio managers and analysts who wish to request a meeting should contact their institutional sales representative at Needham.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology company engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process, EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations and strategic partners, EnviroLeach's technology will become the standard for the provision of eco-friendly methods for the hydrometallurgical extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on the EnviroLeach web site:https://enviroleach.com
https://enviroleach.com/enviroleach-technologies-to-participate-in-the-22nd-annual-needham-growth-conference/
Should You Be Concerned About This Stock?: Enviroleach Technologies (OTC:EVLLF)
JANUARY 6, 2020
Enviroleach Technologies (OTC:EVLLF) STOCK PERFORMANCE WATCH:
Enviroleach Technologies (OTC:EVLLF) has five years performance of 333.333333% and weekly performance of 1.960784%. The stock has been moved at 46.478873% throughout last twelve months. The stock has performed -7.142857% around last thirty days, and changed -18.75% over the last three months.
Enviroleach Technologies (OTC:EVLLF) stock has performed -0.734951% and changed $-0.0077 while share value reached at $1.04 on Friday. At present, the stock 52 week high price sited at 1.32 and 52 week low situated at 0.45. 108298 shares traded on hands while it’s an average volume stands with 83085 shares.
VOLATILITY FACTOR:
Average true range percent (ATRP-14) measured at 5.71%. Volatility or average true range percent (ATRP 14) is the ATR expressed as a percentage of closing price. Average true range percent (ATRP) measures volatility on a relative level. This is opposed to the ATR, which measures volatility on an absolute level. ATRP allows securities to be compared whereas ATR does not. That means lower-priced stocks won’t necessarily have lower ATR values than higher-priced stocks. The Company’s beta coefficient sits at -1.441489. Beta factor measures the amount of market risk associated with market trade. Higher the beta discloses more riskiness and lower the beta lower the risk.
PROFITABILITY RATIOS:
The company’s net profit margin is 0.00%. It measures how much out of every dollar of sales a company actually keeps in earnings. Operating Margin is seen at 0.00%. Return on Assets (ROA) an indicator of how profitable a company is relative to its total assets is -27.39%. Return on Equity (ROE) is -60.43%.
MARKET CAPITALIZATION AND VALAATION INDICATORS:
Enviroleach Technologies (OTC:EVLLF) is Canada based company. Currently it has a market worth of $71544928. Using market capitalization to show the size of a company is important because company size is a basic determinant of various characteristics in which investors are interested, including risk. P/E ratio is noted at -7.99. P/E is a popular valuation ratio of a company’s current share price compared to its per-share earnings (trailing twelve months). P/B ratio is 6.459627. P/B is used to compare a stock’s market value to its book value.
TECHNICAL OBSERVATION:
Now The company has RSI figure of 49.31. The Relative Strength Index (RSI) was developed by J. Welles Wilder, and it reading fluctuates between 0 and 100. The RSI is a momentum oscillator that measures the speed and change of stock price movements. Generally, the when RSI falls below 30 then stock considered to be oversold and overbought when it moves above 70. The normal reading of a stock will fall in the range of 30 to 70. RSI can be used to detect general trends as well as finding divergences and failure swings.
ADX value listed at 21.05. The values of ADX range from 0 to 100 and are also important for distinguishing between trends and non-trends. Many traders will use ADX readings above 25 to suggest that the trend’s strength is strong enough for trend trading strategies. Conversely, when ADX is below 25, many will avoid trend trading strategies.
https://newswelcome.com/2020/01/06/should-you-be-concerned-about-this-stock-enviroleach-technologies-otcevllf/
Did EnviroLeach Technologies Inc. (CSE:ETI) Insiders Sell Shares?
January 6, 2020
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we’ll take a look at whether insiders have been buying or selling shares in EnviroLeach Technologies Inc. (CSE:ETI).
What Is Insider Buying?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
Insider transactions are not the most important thing when it comes to long-term investing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.
The Last 12 Months Of Insider Transactions At EnviroLeach Technologies
The President, Duane Nelson, made the biggest insider sale in the last 12 months. That single transaction was for CA$90k worth of shares at a price of CA$0.90 each. That means that an insider was selling shares at slightly below the current price (CA$1.32). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. We note that the biggest single sale was only 19% of Duane Nelson’s holding. Notably Duane Nelson was also the biggest buyer, having purchased CA$43k worth of shares.
All up, insiders sold more shares in EnviroLeach Technologies than they bought, over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
f you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Have EnviroLeach Technologies Insiders Traded Recently?
There was some insider buying at EnviroLeach Technologies over the last quarter. President Duane Nelson shelled out CA$6.9k for shares in that time. It’s great to see that insiders are only buying, not selling. But the amount invested in the last three months isn’t enough for us too put much weight on it, as a single factor.
Insider Ownership of EnviroLeach Technologies
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 6.2% of EnviroLeach Technologies shares, worth about CA$5.7m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At EnviroLeach Technologies Tell Us?
We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. We don’t take much encouragement from the transactions by EnviroLeach Technologies insiders. And usually insiders own more stock in the company, according to our data. Along with insider transactions, I recommend checking if EnviroLeach Technologies is growing revenue. This free chart of historic revenue and earnings should make that easy.
https://simplywall.st/stocks/ca/materials/cse-eti/enviroleach-technologies-shares/news/did-enviroleach-technologies-inc-cseeti-insiders-sell-shares/
Preliminary commercial production has commenced at the EnviroCircuit E-Waste processing facility located in Surrey, BC, Canada. Starting with a single shift per day, the Company will incrementally increase process throughput to 5 tonnes per day of printed circuit boards by January 1, 2020. Additional shifts will be added to achieve the targeted plant capacity of 20 tonnes per day (6,000 tonnes per year) by end of June 2020.
...
Duane Nelson, President and CEO comments: “We are excited to enter the revenue stage of our operations and the positive response from global electronics manufacturers, OEM’s and recyclers is very encouraging. We are in a unique situation within a rapidly expanding and under-developed sector. The results of our extensive commercial market analysis demonstrate a vast emerging global market now estimated to exceed 110 million tonnes annually by 2026. OEM’s and E-waste recyclers worldwide are increasingly seeking economic and sustainable E-waste processing solutions. EnviroLeach’s proprietary, patent pending
technology suite offers the only true cost-effective, environmentally friendly and sustainable solution. Our team’s priorities are to secure immediate full capacity feedstock contracts for our initial plant and determine the location and capacity of our next facility.”
https://mineworx.net/wp-content/uploads/2019/11/EnviroCircuit-E-Waste-Facility-Commences-Production-.pdf
The chart was wrong for more than a year. A bottle spin is not wrong that many times. Not any confidence chart is right this day.
EVLLF...99...Oversold EOY dip...so will bid the 100ma and the 200ma...from .80/.90 if I can grab another 10,000 shares...been accumulating EVLLF...Expecting a new all time high plus in 2020...imo...we shall see...
Chart...http://schrts.co/vpqGJcQk
Do you happen to know the OS here? There’s been some heavy selling lately. Maybe just some tax loss selling? JMO
Twitter: EnviroCircuit, the EnviroLeach/Mineworx joint venture's E-Waste recycling facility, located in Surrey, B.C., has been awarded
R2/RIOS certification, meeting the strict standards to safely recycle and manage end-of-life electronics.
EnviroCircuit, the EnviroLeach/Mineworx joint venture's E-Waste recycling facility, located in Surrey, B.C., has been awarded
— Regenx Tech Corp (@regenxtech) December 18, 2019
R2/RIOS certification, meeting the strict standards to safely recycle and manage end-of-life electronics. https://t.co/16FNMf3yzv pic.twitter.com/FpswxMHSwW
EnviroLeach Technologies is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations and strategic partners and over $15 Million dollars in research and development, EnviroLeach's technology will become the standard for the provision of eco-friendly methods for the hydrometallurgical extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on the EnviroLeach web site:https://enviroleach.com
About the R2/RIOS certification
The R2 standard, facilitated and supported by Sustainable Electronics Recycling International (SERI), was the result of a multi-stakeholder process that included government agencies, major OEMs, recyclers, and other experts in sustainability and recycling. R2 requires a management system such as RIOS, as well as stringent controls and tracking of products and materials "downstream" of the recycler, including verifying the legality of exports, health and safety of workers.
The Recycling Industry Operating Standard ("RIOS") was introduced by the Institute of Scrap Recycling Industries. RIOS provides a framework for a comprehensive, integrated management system that includes key operational and continual improvement elements targeting quality, environmental and health and safety performance. The six components of RIOS cover general requirements, policy, planning, implementation, checking and corrective action, and management.
NEWS! EnviroLeach Announces R2/RIOS Certification for EnviroCircuit
December 17, 2019
VANCOUVER, BC / ACCESSWIRE / December 17, 2019 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (ETI.CN)(EVLLF)(7N2:FSE) is pleased to announce its electronics recycling facility ("EnviroCircuit") located in Surrey, BC has been awarded R2/RIOS certification which honours EnviroCircuit as a certified electronics recycler meeting strict standards by which to safely recycle and manage end of life electronics.
Duane Nelson, President and CEO comments; "I am very pleased to announce this tremendous milestone in the operation of our recycling facility which took more that 11 months hard work by our dedicated team."
https://finance.yahoo.com/news/enviroleach-announces-r2-rios-certification-103000322.html
EnviroLeach Grants Stock Options
December 16, 2019
VANCOUVER, BC / ACCESSWIRE / December 16, 2019 / EnviroLeach Technologies Inc. (the ``Company`` or "Enviroleach") (ETI.CN)(EVLLF)(Frankfurt:7N2.F) announced today that it has granted 1,400,000 stock options to employees of the Company. The options are at an exercise price of $1.45 and valid for a period of five years from the date of the grant, subject to vesting provisions. The options are granted in accordance with the Company's Stock Option Plan approved by the shareholders on June 14, 2018.
About Enviroleach Technologies Inc.
EnviroLeach Technologies is a technology company engaged in the development and commercialization of environmentally friendly technologies for the recovery of precious metals in the E-Waste and Mining sectors. Using its proprietary non-toxic, water-based, and near neutral pH treatment process, EnviroLeach extracts precious metals from mining ores, concentrates, and E-Waste using only FDA approved additives at ambient temperatures.
Backed by a staff of highly experienced scientists and engineers, and based on years of research, including independent validations and pilot scale test programs, EnviroLeach's technology is poised to become the world standard in eco-friendly extraction of precious metals in both the conventional mining and E-Waste sectors.
Further information is available on the EnviroLeach web site: https://enviroleach.com
Contact Information:
EnviroLeach Technologies Inc.
Jason Leikam
info@enviroleach.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: EnviroLeach Technologies Inc.
https://finance.yahoo.com/news/enviroleach-grants-stock-options-103000154.html
Check out the latest video highlighting the benefits of the #Envirocircuit process. #ewaste #recycling
5 tpd within 3 weeks, but I don't know if they will do much update nr for a while.
My apologies for the delay in my reply but I have no access to private messages except for Fridays 4-5 and also limited to 15 posts per day after cancelling my ihub sub...
Yes I am aware...thank you...
Nice! Does Jabil Have a Secret Weapon?
Is Jabil turning to this resource in order to “mine” for better margins?
Dec 5, 2019 at 10:00AM
The electronics manufacturing industry is a very competitive industry with narrow margins. For Jabil (NYSE:JBL), it is no different. Currently, Jabil's operating margin is under 3% while others in its industry range from about 1% to 5%. However, in September's fourth quarter earnings call, management repeatedly expressed a desire to expand its margins. While it hasn't given specific details as to how it will do this, Jabil may be counting on a secret weapon: e-waste.
That's right, electronic waste.
What is Jabil doing?
Instead of letting used electronic devices pile up in landfills, Jabil recycles them and retrieves the metal. According to an article on Mining.com, Jabil worked with EnviroLeach Technologies to setup a 650,000 square foot facility where "Jabil will extract gold and other precious metals from the e-waste to manufacture electronic components for Dell, Hewlett-Packard and other clients". The existence of this facility in Memphis, Tennessee is confirmed in multiple EnviroLeach documents. According to EnviroLeach's Management Discussion & Analysis from 2017, "the plant is designed to process 10 tonnes per day of Printed Circuit Board Assemblies".
What has the company said?
Overall, not much. If you look at the company's 10-k reports, then you won't find anything about the facility. Looking on the website, you won't find anything about it, either. However, the website does provide a couple of blog posts about the importance and value of e-waste recycling along with a page that gives an overview of Jabil Environmental Technologies. According to the page, "Jabil Environmental Technologies (JET) provides some of the world's largest brands with environmentally sound and socially safe disposition and disposal of e-waste."
So what does all of this mean?
At the moment, it is hard to say, but it could mean a lot. If e-waste "mining" ends up being as valuable as some believe, then getting in early, could give Jabil a valuable head start against its competitors while at the same time reaping some impressive rewards.
According to an article by The Verge, "there's 80 times as much gold in one ton of cellphones as there is in a gold mine, says Federico Magalini". The article continues by saying that gold mines contain about five to six grams of gold per ton of material, but there is about 350 grams of gold in one ton of mobile phones. And this is not considering the other metals like copper, silver, etc. that could be retrieved from that same ton of e-waste.
So what does this mean for Jabil? Again, it is hard to say given the scarcity of details. However, if the facility is able to process 10 tons per day and each ton contains approximately 350 grams of gold, then the company should be able to produce about 110 ounces of gold each day. Using a gold price of $1450 per ounce, Jabil has the potential to retrieve $160,000 worth of gold a day or almost $60 million per year. Note that this does not consider factors like the value of the other metals, the cost of the process, or the variability of precious metal content between different types of e-waste which could be significant. One of Jabil's posts mentions that older devices used more gold than current ones, so the returns could be even more for those that can retrieve them.
Given the company's slim margins, $60 million per year could be significant. And what happens if the price of gold and other metals goes up or if Jabil is able to increase its recycling production? In either scenario, the company could see even bigger returns.
As new electronic devices replace old devices, Jabil is taking action. By recycling the devices that otherwise would have gone to a landfill, the company gets its hands on a rich source of gold and other important metals. It is still early, but this secret weapon could be just what Jabil needs to achieve its margin goals and get an edge over the competition.
https://www.fool.com/investing/2019/12/05/does-jabil-have-a-secret-weapon.aspx
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