Envirometal Technologies Inc. (EVLLF)

[TPX]

NEWS! EnviroLeach Secures E-Waste Material and Strengthens Supply Chain

Nov. 4, 2020

November 04, 2020 (ACCESSWIRE via COMTEX) -- VANCOUVER, BC / ACCESSWIRE / November 4, 2020 / EnviroLeach Technologies Inc. ("EnviroLeach"), (CSE:ETI)(OTCQB:EVLLF)(FSE:7N2) is pleased to announce an initial purchase of 42.5 tonnes of end-of-life printed circuit board assemblies ("PCBAs") from an established Middle Eastern e-waste supplier. The purchase consists of 15 tonnes of high-grade PCBAs and 27.5 tonnes of low-grade PCBAs and will provide feedstock for Enviroleach's Vancouver PCBA processing facility.

Hanif Jafari, EnviroLeach's chief technology officer, is currently visiting Middle Eastern and North African countries (the "MENA Region") sourcing e-waste material, establishing relationships with e-waste suppliers and processors, and investigating the viability of setting up a sorting and primary processing facility in region. The MENA Region is home to a large supply of e-waste and several established suppliers of PCBAs. The Company believes relationships being established within the MENA Region have the potential to deliver over 500 tonnes of PCBA feedstock per month.

Duane Nelson, President and CEO comments, "I am very pleased we continue to forge strong international partnerships for PCBA feedstock and potential international processing. Our latest PCBA purchase and the new MENA Region relationships we are developing will help us achieve our short and long term PCBA processing and revenue targets. Today's development is another significant milestone toward the broad-scale global adoption of our innovative technology and, most importantly, it drives revenue and cash flow growth towards our own financial sustainability."

EnviroLeach is committed to developing a broad-based and geographically diverse supply chain of PCBA feedstock material. The Company has established relationships with suppliers based in North America and Europe and is building relationships with new suppliers globally.

About EnviroLeach Technologies Inc.EnviroLeach Technologies is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the primary and secondary metals sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroLeach extracts precious metals from ores, concentrates, and e-waste.

Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual tests and assays, independent validations, strategic partners and tens of thousands of hours 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 mining and e-waste sectors. Further information is available on the EnviroLeach web site:https://EnviroLeach.com

https://www.marketwatch.com/press-release/enviroleach-secures-e-waste-material-and-strengthens-supply-chain-2020-11-04?tesla=y