NovX21's Quebec Plant Will Be Fed by European and North American Catalytic Converters Suppliers
20 5월 2014 - 8:00PM
Marketwired
NovX21's Quebec Plant Will Be Fed by European and North American
Catalytic Converters Suppliers
MONTREAL, QUEBEC--(Marketwired - May 20, 2014) - NovX21 Inc.
(TSX-VENTURE:NOV) is pleased to announce that European and North
American suppliers of catalytic converters met in recent months
have expressed their interest in NovX21's technology by sending
material to the Saint-Augustin-de-Desmaures plant. This supply,
which will be processed at our existing plant, shows that suppliers
of catalytic converters are seeking to meet new environmental
standards through the use of green technology. Treatment of these
catalysts using NovX21's innovative process will allow providers to
appreciate our technology's performance and the purity of the
PGM-rich metal powder produced.
The next step in this collaboration would be the signature of
long-term supply agreements for NovX21's new plant.
The Saint-Augustin plant upgrade has been completed and reflects
the improvements needed for the new plant. St-Augustin is now using
equipment specifically designed to provide significant improvements
to our process, allowing us to reduce capital and operating costs
and operating time. Several components designed by our engineers,
as well as the data on these adjustments, enhance our intellectual
property and remain trade secrets. The equipment has been designed
and manufactured in Quebec by various contractors.
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 & CEOinfo@novx21.com(514)
282-2110Nicole Blanchard, Managing PartnerSun International
Communicationsnicole.blanchard@isuncomm.com(450) 973-6600
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