Precious Metals Recovery: NovX21 Selects Thetford Mines as the Site of its New Plant
26 6월 2014 - 3:00AM
Marketwired
Precious Metals Recovery: NovX21 Selects Thetford Mines as the Site
of its New Plant
MONTREAL, QUEBEC--(Marketwired - Jun 25, 2014) - NovX21 Inc.
(TSX-VENTURE:NOV) is pleased to announce the signature of an
agreement with Corporation d'initiative et de développement
économique de la Ville de Thetford Mines for the development
of Quebec's first precious metals recycling plant. The agreement,
which will see NovX21's new plant set up in an existing building in
the Thetford Mines industrial park, is a milestone on the road to
commercial-scale deployment of NovX21's patented technology for the
recovery of precious platinum-group metals (PGMs) from end-of-life
vehicles.
"We looked at
multiple options for the site of the new plant, both in Quebec and
elsewhere, and Thetford Mines was the obvious choice, particularly
given its strategic location and the availability of skilled labour
in the region, but also because of its vibrancy and the
entrepreneurial attitude of its representatives," said Sylvain
Boulanger, NovX21's President and CEO.
Quebec-based NovX21
has developed, patented and implemented an innovative, sustainable
green technology for the recycling of catalytic converters, a key
component of vehicle pollution control systems. The Company's
quick, clean, affordable, energy-efficient process allows PGMs to
be recovered and reused, along with almost all the components1 in
the manufacture of catalytic converters.
NovX21's solution
coincides with the convergence of a strong precious metals market
and the global automobile market, with the latter being called upon
to meet increasingly green standards. Recycling now plays a key
role for many automotive industry players, from vehicle production
through to vehicle end-of-life. In this context, the global PGM
recycling market is expected to grow by 8.2% to $9 billion by
2018.2
The technology
developed by NovX21 also opens the door to R&D activities aimed
at adapting its facilities to recover other metals, for use in a
range of industries that generate large quantities of reusable
components, such as electronics.
1 |
Catalytic converters are composed of a ceramic substrate coated
with three elements (platinum, palladium and rhodium), commonly
referred to as the platinum-group metals (PGMs). |
|
|
2 |
Global market for
platinum, palladium and other platinum group metals
recycling, Innovative Research and Products (IRAP) |
"NovX21 has a
proprietary technology. We are one of the companies that will
enable Québec to play a role in the commercial development of
innovative, sustainable technologies and share in the associated
economic benefits. In the current PGM market, NovX21 is aiming to
become a stable source of supply," added Mr. Boulanger.
About NovX21
NovX21 operates an
industrial prototype plant near Quebec City in
St-Augustin-de-Desmaures for the recovery of Platinum Group Metals
(Platinum, Palladium and Rhodium, or PGMs). Its patented dry
chlorination process yields more than 97% PGM recovery, and is
quick, clean, affordable and energy efficient. NovX21's mission is
to sustainably recover and recycle end-of- life precious metals
while meeting the global greener standards for the automobile
industry. To learn more, visit www.novx21.com.
Source: NovX21
Inc.
Massy Forget Langlois Public RelationsAndre Lavoie514 842-2455,
Ext. 36Cell: 514 917-5198alavoie@mflrp.caMassy Forget Langlois
Public RelationsYvette Cakpo514 842-2455, Ext. 22Cell: 514
835-8476ycakpo@mflrp.ca
NOVX21 Inc. (TSXV:NOV)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
NOVX21 Inc. (TSXV:NOV)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024