Envirometal Technologies Inc. (EVLLF)

[TPX]

News! Enviroleach Appoints Alexander Ruckdaeschel to Board of Directors

Wed, October 21, 2020

VANCOUVER, BC / ACCESSWIRE / October 21, 2020 / EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (CSE:ETI)(OTCQB:EVLLF)(FSE:7N2). is pleased to announce the appointment of Alexander Ruckdaeschel to the Company's Board of Directors.

Mr. Ruckdaeschel brings extensive experience to the EnviroLeach board having been instrumental in the successful development of several small and mid-cap growth companies. He has served on the boards of directors of several successful public and private companies, including ERI, the largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company in the United States. ERI has the capacity to process more than a billion pounds of electronic waste annually at its eight certified locations, serving every zip code in the United States and has strategically established a global network in 46 countries, totaling over 100 vetted and certified facilities. ERI's mission is to protect organizations, people, and the environment.

Alexander is a veteran portfolio manager and government representative who specializes in the identification of small and mid-cap growth companies in North America and Europe. Mr. Ruckdaeschel has extensive experience in the European clean tech industry and will help EnviroLeach forge new European relationships in its targeted sectors and with government.

"Alexander's deep knowledge of the E-waste business, finance background and experience with small cap companies makes him a perfect addition to the EnviroLeach board," said Duane Nelson, the Company's Chief Executive Officer. "His particular expertise in the analysis of potential new partners and in-depth knowledge of the ITAD and electronic recycling industry will assist EnviroLeach as we execute our business plan."

Alexander is committed to EnviroLeach's vision and eager to aide in its continued growth. "I focus on finding partnerships that provide a clear path and strategy to achieving growth, and I feel the EnviroLeach business vision brings these key factors together," said Mr. Ruckdaeschel. "EnviroLeach is addressing two of the nation's most important and fast-growing industries, electronic waste processing and primary metals extraction, with vital sustainable solutions that reduce the global environmental impact of both sectors, while remaining committed to quality and shareholder value."

Grant of Stock Options

The Company has granted a total of 400,000 stock options to directors of the Company. The stock options have an exercise price of $0.46, are valid for a period of five years from the date of grant and vest immediately. The options were granted in accordance with the Company's Stock Option Plan approved by the shareholders on June 14, 2018.

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