BURNABY, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSXV:MWX) (OTCQB:MWXRF) (FSE:YRS) (WKN:A2DSW3) is pleased to report that in addition to the excellent results reported by our Joint Venture partner EnviroLeach Technologies in their news release of today (click HERE to view) that Mineworx has most recently achieved the following:
- Doubled the size of our current 7,050 sq. ft. fabrication facility in Coquitlam, British Columbia to almost 14,000 sq. ft.
- Leased an additional 13,674 sq. ft. facility in Vancouver (Surrey), BC
- Commencement of a 20 tonne per day E-Waste concentration plant to be assembled at our new Vancouver (Surrey) facility with our Joint Venture partner EnviroLeach Technologies Ltd.
- Appointment of a Human Resources, Health and Safety Manager.
“These combined facilities will quadruple the capacity of Company’s E-Waste fabrication and production capabilities to almost 28,000 square feet,” Commented Greg Pendura, CEO. “This expansion now enables Mineworx to move quickly upon the site acceptance of the Memphis, Tennessee E-Waste processing plant to immediately expedite our business model in this dynamic sector.”
To facilitate with the expansion and transition into a fully operational organization, the Company has hired Sarah Heath as the Manager of Human Resources, Health and Safety. Sarah brings multiple years of experience in these functions and will assist with the progression of the Mineworx/EnviroLeach JV as it moves into commercial production.
About Mineworx
Mineworx is positioned for growth through partnerships with advanced mining and E-Waste opportunities utilizing its proprietary and patent pending extraction technologies. These innovations will increase and enhance business opportunities by deploying cost effective, environmentally friendly extractive metallurgy solutions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Mineworx’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Mineworx’s control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Mineworx believes that the expectations in the forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. As such, readers are cautioned not to place undue reliance on the forward-looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Mineworx does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
For further information, go to www.mineworx.net
For further information contact:
MINEWORX TECHNOLOGIES LTD.
Rick Gliege, V.P. Corporate Development
250-751-3661
rick@mineworx.net