EnviroLeach Technologies Inc.'s (ETI:CSE; EVLLF:OTCQB) proprietary formula can extract palladium out of a multi-metal source and reduce it to an aqueous solution, it announced in a March 18, 2019 news release.
Specifically, on initial testing, the company's product recovered 90% of contained palladium from ceramic-based catalytic converters in about two hours' time. Electrowinning tests showed, on one sample, an 83% palladium recovery from a solution, which was achieved within 40 minutes.
The global automotive catalytic converter market report is expected to reach $183.4 billion by 2022, for a resulting CAGR between 2016 and 2022 of 7.7%, the release cited from an Allied Market Research report.
EnviroLeach will conduct further in-house testing to optimize chemistry and leach components, after which an external laboratory will evaluate them for validation.
Study also is being conducted on the use of EnviroLeach's technology to extract other platinum group metals, such as platinum. Testing on a pilot scale in that regard could take place in Q3/19 or Q4/19.
A news release from March 11, 2019 announced results of testing by the outside firm SGS on the ability of EnviroLeach's technology to extract gold. EnviroLeach contracted with this inspection, verification, testing and certification entity to conduct validation testing on its proprietary formulas.
SGS did the first set of leach tests on high-grade gravity concentrate tails and flotation concentrates. On tests using oxidized material resulting from autoclaving and roasting, the firm achieved more than 94% recoveries within two hours. It extracted 85% gold from the table tails and 90% from the flotation concentrate, both within 24 hours.
The second set of tests resulted in 96% recoveries on the autoclaved sample and 94% on the roasted sample, both within two hours.
"These positive, impartial test results are similar to hundreds of previous tests performed by our company and independent metallurgical labs all across North America," EnviroLeach Executive Vice President Ish Grewal said in the release. "These test results also highlight the accelerated leach kinetics using EnviroLeach formulas on both the autoclave and roasted samples."
[NLINSERT]Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Enviroleach. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Enviroleach, a company mentioned in this article.
