Envirometal Technologies Inc. (EVLLF)

[TPX]

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