NovX21's Board Approves Location of New PGM Plant
14 5월 2014 - 8:00PM
Marketwired
NovX21's Board Approves Location of New PGM Plant
MONTREAL, QUEBEC--(Marketwired - May 14, 2014) - NovX21's
(TSX-VENTURE:NOV) Board of Directors has selected and approved the
region of Quebec where the Company's new plant will be built. The
Company is currently in talks with the reeve of the Regional County
Municipality in question, who has indicated his region's interest
in hosting the plant. The reeve visited the Company's facilities in
Saint-Augustin-de-Desmaures with his team to gain a better
understanding of the technology, so as to be able to provide all
the necessary support. An announcement regarding the region
selected will be made soon.
The Seneca engineering team has already started the basic
engineering for construction of the new plant.
About NovX21
NovX21 operates an industrial prototype plant for the recovery
of Platinum Group Elements (Platinum, Palladium and Rhodium, or
PGMs). The plant is located near Quebec City in
St-Augustin-de-Desmaures. Its patented process yields more than 97%
recoveries of PGMs, and is not only much less capital extensive but
also operates much more rapidly than conventional plants, thus
dramatically lowering the amount of time that its customers'
capital is tied up as work-in-process inventory. NovX21's mission
is to sustainably recover precious metals by recycling end-of-life
PGM containing components while meeting global "green" standards
for the automobile industry.
NovX21 also holds the mineral rights to six mining properties
and has focused its exploration activities on the Menarik property
in the James Bay area, in the Province of Quebec, the site of a
major chromite deposit with occurrences of gold, nickel, copper and
PGMs. The use of NovX21's patented, proprietary processes for such
deposits may lead to a breakthrough in low-cost primary metallurgy
in the near future.
Sylvain Boulanger, P.Eng.President & CEO(514)
282-2110info@novx21.comNicole Blanchard, Managing PartnerSun
International Communications(450)
973-6600nicole.blanchard@isuncomm.com
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