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Re: TPX post# 950

Thursday, 11/26/2020 5:58:40 PM

Thursday, November 26, 2020 5:58:40 PM

Post# of 1150
Mineworx Corporate Update Webinar Now Available Online

November 26, 2020

On Tuesday, November 24th Greg Pendura, President and CEO of Mineworx Technologies (TSXV: MWX) provided investors with a detailed update and the framework for moving from pilot plant testing to initial commercialization.

Mineworx has independently developed technology and processes for the extraction of platinum and palladium from diesel catalytic converters.

Key highlights include the following:

Smelters are currently turning away diesel catalytic converters as they can create safety issues, because trapped carbon can ignite and cause an explosion, which can damage furnaces,

Third party engineering for pilot plant design is completed,
Pilot plant is fully funded and is expected to be operational in late Q1 2021,

David Recycling will supply the feedstock for the fully commercialized facility,

The company forecasts the start of phase one of full commercialization in late 2021,

Full scale production of its first plant is expected to generate over $100 million in revenue, with a gross margin of ~20%,

Business strategy is to build and operate multiple plants throughout North America.

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