DealNet (DLS:tsxv) Acquires Gemma Communications for $7-million
DealNet Builds out Engagement and Finance Platforms with Acquisition
DealNet Capital Corp. (“DealNet” or the “Company”) (TSX VENTURE:DLS), is pleased to announce that it has acquired Gemma Communications (“Gemma”) for consideration of up to $7 million. The purchase is structured with an initial cash payment of $2.5 million, deferred payments of up to $1.5 million and a maximum earn out of up to $3 million based on forecasted revenue targets.
Gemma is a leader in Canadian outsourced engagement and marketing solutions for the financial services and telecom sectors with operations in Toronto and Montreal. This acquisition extends DealNet’s platform by driving significant service economies of scale that progressively lowers the per transaction cost of originating and servicing its consumer finance business while expanding the operational footprint of DealNet.
As part of the share purchase, DealNet will acquire the employees, operations, systems, offices and other assets of Gemma. This acquisition is expected to double DealNet’s engagement revenue in 2016 and positions the company for future transactions in the Fintech space with significant shared servicing capabilities.
“The combined operating platform adds significant economies of scale for origination and servicing of our finance customers and dealers at a progressively lower cost and fortifies the physical and geographical market buildout for large scale national originations”, stated Mike Hilmer, CEO of DealNet.
About DealNet Capital Corp.
DealNet is an engagement enabled consumer finance company that is initially focused on home improvement finance solutions including heating ventilation and air conditioning financing and leasing. DealNet leverages its large scale customer service and engagement technology platform to attract home improvement dealers by providing front and back office services to them resulting in dealer origination growth.
DealNet Builds out Engagement and Finance Platforms with Acquisition
TORONTO, ONTARIO–(Marketwired – Sept. 30, 2015) – DealNet Capital Corp. (“DealNet” or the “Company”) (TSX VENTURE:DLS), is pleased to announce that it has acquired Gemma Communications (“Gemma”) for consideration of up to $7 million. The purchase is structured with an initial cash payment of $2.5 million, deferred payments of up to $1.5 million and a maximum earn out of up to $3 million based on forecasted revenue targets.
Gemma is a leader in Canadian outsourced engagement and marketing solutions for the financial services and telecom sectors with operations in Toronto and Montreal. This acquisition extends DealNet’s platform by driving significant service economies of scale that progressively lowers the per transaction cost of originating and servicing its consumer finance business while expanding the operational footprint of DealNet.
As part of the share purchase, DealNet will acquire the employees, operations, systems, offices and other assets of Gemma. This acquisition is expected to double DealNet’s engagement revenue in 2016 and positions the company for future transactions in the Fintech space with significant shared servicing capabilities.
“The combined operating platform adds significant economies of scale for origination and servicing of our finance customers and dealers at a progressively lower cost and fortifies the physical and geographical market buildout for large scale national originations”, stated Mike Hilmer, CEO of DealNet.
Forward Looking Statements
This press release contains forward-looking statements regarding the Company, its business and the acquisition. The forward-looking statements are based on current expectations and assumptions made by the Company. In some cases, the forward-looking statements can be identified by words or phrases such as “may”, “expect”, “believe”, “anticipates” or the negative of these terms, or other similar expressions intended to identify forward-looking statements, including, among others, statements regarding subsequent integration of the Company, economies of scale and impact of the acquisition on the Company’s business and future opportunities. Although the Company believes that those expectations and assumptions are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those anticipated due to a number of factors and risks including general risks regarding the consumer finance industry, economic factors and other factors beyond the control of DealNet. The forward-looking statements contained in this press release are made as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
About DealNet Capital Corp.
DealNet is an engagement enabled consumer finance company that is initially focused on home improvement finance solutions including heating ventilation and air conditioning financing and leasing. DealNet leverages its large scale customer service and engagement technology platform to attract home improvement dealers by providing front and back office services to them resulting in dealer origination growth.
For additional information please visit www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
- Published in Dealnet News
Sirona featured in Cosmetics Design USA
Yesterday CosmeticsDesign.com featured Sirona Biochem (SBM:tsxv) in an article highlighting the biotechnological advancements they’ve made in the development of a Skin Lightener which has already begun generating big interest from some of the world’s top cosmetic companies. The Skin Lightener market is forecasted to be worth 19.8 billion by 2018. If you would like to view information on Sirona’s Skin Lightener development, here’s a link: Sirona’s Skin Lightener Program
The following is the link towards the article published by CosmeticsDesign.com
Sirona Biochem claims to have made a big leap in the development of skin whitening ingredients
Canada-based biotech company Sirona Biochem believes it has made a big leap in the area of skin whitening ingredients, with its compound developed using fluorination technology.
About Sirona Biochem
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary technology platform developed at its laboratory facility in France. The Company specializes in the stabilization of carbohydrate molecules, with the goal of improving compounds’ efficacy and safety. Sirona Biochem’s compounds are patented as new chemical entities for maximum commercial protection and revenue potential. Newly developed compounds are licensed to leading companies around the world in return for licensing and milestone fees and ongoing royalty payments. TFChem, Sirona Biochem’s wholly-owned French laboratory, is a recipient of multiple French national scientific awards and a European Union and French government grant. For more information visit www.sironabiochem.com.
- Published in Blog, Business, Life Sciences
Sirona Announces Warrants Exercised
Vancouver, British Columbia – September 28, 2015 – Sirona Biochem Corp. (TSX-V: SBM) (Frankfurt/Xetra®: ZSB), (the “Company”) is pleased to announce that it has generated a total of $1,024,328 as a result of share purchase warrant exercises of 6,120,800 shares and the share purchase option exercise of 300,000 shares over the past week. The warrants had an expiry date of September 19, 2015.
“This cash injection provides the necessary funding for the Company until completion of a licensing deal with SBM-TFC-1067,” said Dr. Howard Verrico, CEO and Chairman of Sirona.
Net proceeds from the warrants exercised will be used to finance Sirona’s cosmeceutical and therapeutic programs utilizing the Company’s innovative platform technology, as well as for general corporate purposes.
About Sirona Biochem
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary technology platform developed at its laboratory facility in France. The Company specializes in the stabilization of carbohydrate molecules, with the goal of improving compounds’ efficacy and safety. Sirona Biochem’s compounds are patented as new chemical entities for maximum commercial protection and revenue potential. Newly developed compounds are licensed to leading companies around the world in return for licensing and milestone fees and ongoing royalty payments. TFChem, Sirona Biochem’s wholly-owned French laboratory, is a recipient of multiple French national scientific awards and a European Union and French government grant. For more information visit www.sironabiochem.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information regarding this press release, contact:
Christopher Hopton, CFO
Sirona Biochem Corp.
Phone: 1.604.282.6064
Email: chopton@sironabiochem.com
———————————————
Sirona Biochem cautions you that statements included in this press release that are not a description of historical facts may be forward-looking statements. Forward-looking statements are only predictions based upon current expectations and involve known and unknown risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of release of the relevant information, unless explicitly stated otherwise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, Sirona Biochem’s forward-looking statements due to the risks and uncertainties inherent in Sirona Biochem’s business including, without limitation, statements about: the progress and timing of its clinical trials; difficulties or delays in development, testing, obtaining regulatory approval, producing and marketing its products; unexpected adverse side effects or inadequate therapeutic efficacy of its products that could delay or prevent product development or commercialization; the scope and validity of patent protection for its products; competition from other pharmaceutical or biotechnology companies; and its ability to obtain additional financing to support its operations. Sirona Biochem does not assume any obligation to update any forward-looking statements except as required by law.
- Published in Sirona Biochem
Sirona to Attend Cosmetic360 Conference in Paris
Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) (XETRA: ZSB) (the “Company“) announces that it will attend Cosmetic360 in Paris, France, October 15-16, 2015. Cosmetic360 is an innovative trade forum for the cosmetic industry. The conference brings together professionals and industry representatives from all over the world. All facets of the cosmetic industry are represented at the conference including, raw materials, formulation, packaging, testing and analysis, finished products, and distribution. More information on the conference can be found at http://www.cosmetic-360.com/en.
Cosmetic360 provides Sirona Biochem an opportunity to introduce its skin lightening compound SBM-TFC-1067 and cell preservation compound SBM-TFC-837 to industry professionals, international cosmetic company representatives, and other interested parties. The Company will participate in open innovation meetings organized with top cosmetic companies, including L’Oréal, J&J, LVMH, Channel, Boots, and Shiseido. The Company will also be connecting with other companies and representatives in the cosmetic industry at its booth at the conference.
At the conference, Sirona Biochem is entering its cell preservation compound SBM-TFC-837 in the international competition for innovations, “The Cosmetic Victories”. This is a unique competition of projects in the planning or development stage. The jury adjudicating the competition, composed of representatives from top names in the cosmetic industry, will select the most innovative projects and may also become involved in their development.
Dr. Howard Verrico, the Company’s CEO stated, “We are excited to be participating in Cosmetic360. The conference will provide valuable exposure for Sirona and our therapeutic compounds. While we have already been in discussions with several multi-national companies, we hope to promote Sirona to a wider audience at the conference and reach out to new potential partners and contacts.”
About Sirona Biochem
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary technology platform developed at its laboratory facility in France. The Company specializes in the stabilization of carbohydrate molecules, with the goal of improving compounds’ efficacy and safety.
Sirona Biochem’s compounds are patented as new chemical entities for maximum commercial protection and revenue potential. Newly developed compounds are licensed to leading companies around the world in return for licensing and milestone fees and ongoing royalty payments. TFChem, Sirona Biochem’s wholly-owned French laboratory, is a recipient of multiple French national scientific awards and a European Union and French government grant. For more information visit www.sironabiochem.com.
- Published in Blog, Business, Life Sciences
Dundee Sustainable Technologies Enters Into an Agreement with ENAMI
MONTREAL, QUEBEC–(Marketwired – Sept. 23, 2015) – Dundee Sustainable Technologies Inc. (“DST“) (CSE:DST) is pleased to announce that it has entered into an agreement with Empresa Nacional de Minería, Chile (“ENAMI”) for the processing of gold concentrates (the “Concentrate”) produced by ENAMI’s operations, using DST’s proprietary Technology (the “Agreement”).
DST purchased from ENAMI 2 Tonnes of Concentrate to be used for a piloting campaign (“Piloting”), according to given metallurgical discounts and treatment charges and will retain all of the metal value extracted during the Piloting. The concentrate was received by DST in its Thetford Mines facility on September 15th.
This Agreement is part of a phased approach established between DST and ENAMI with the objective of implementing a processing facility, utilizing DST’s patented technology, in Chile.
The Piloting will further support the applicability of the DST process. Following the Piloting, DST and ENAMI will advance towards developing the technical and economic feasibility criterias for the implementation on a commercial scale of the DST process in Chile.
About ENAMI, a Chilean state-owned company
ENAMI’s mission is to promote the small and medium size private mining sector in Chile, by supplying technical, financial, metallurgical, production and trading services to small and medium size miners. ENAMI’s assets include one smelter, five processing plants and a network of technical support and facilities. ENAMI purchases ore and concentrate from producers in various purchasing agencies located throughout Chile.
About Dundee Sustainable Technologies, a company controlled by Dundee Corporation
DST is engaged in the development of technologies for the treatment of refractory ores containing sulfides and arsenic. DST has developed proprietary hydrometallurgical processes, and owns the related patents, for the extraction of precious and base metals from ores, concentrates and tailings, which cannot be extracted with conventional processes because of metallurgical issues or environmental considerations.
DST’s patented approach provides a cyanide-free process to allow the exploitation of gold and other deposits that would otherwise face metallurgical issues with conventional methods. The primary benefits of the innovative technology are shorter processing times, a closed-loop operation eliminating the need for costly tailings pond, reduced environmental footprint related to inert and stable characteristics of the tailings, and lesser emissions due to lower energy consumption.
The process developed by DST is a recognized “green technology” for which it was awarded a $5.7 million grant towards the construction and operation of a $25 million demonstration plant. With a capacity of 15 tonnes per day of concentrate, the demonstration plant will serve as a proof of concept for the chlorination extraction technology on an industrial scale and under continuous operating conditions.
DST has tested several different gold deposits, both oxide and sulfide ores at the lab level and at its pilot plant. These tests have, consistently achieved gold recoveries in excess of 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, using chlorination instead of cyanide.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation’s control. These factors include: general market and industry conditions, risks related to continuous operations and to commercialization of a new technology and other risks disclosed in the Corporation’s filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Corporation’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Dundee Sustainable Technologies Inc.
John W. Mercer
President and CEO
(514) 866-6193
(514) 866-6001 # 239
info@dundeetechnologies.com
- Published in Dundee Sustainable Technologies
Equitas (EQT:tsxv) Begins Drilling at Garland
Equitas Resources Corp. Provides an Update on its Garland Exploration Program
Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) (“Equitas” or the “Company”) is pleased to provide an update for its Phase 2 program on the Garland nickel-copper property in Labrador, Canada. Due to initial results from current ground geophysical work Equitas has acquired additional claims to the west adjoining the Garland property. Twelve anomalies have now been identified and the Company has commenced drilling.
The 2015 Phase 2 field program at the Garland project kicked off on August 23rd, with field crews arriving at the recently completed 25-person field camp near the west end of Tasiuluk lake, at the northern end of the property. Despite being hampered by poor weather conditions limiting helicopter operations, significant progress has been made in the evaluation of conductivity anomalies detected by the VTEM survey flown in March.
Further interpretation from final processing of the B-field Tau component of the VTEM data has resulted in three new conductive signatures being identified at O, P and Q (see attached map). Tau anomalies can reflect more conductive bodies with slowly decaying signal, typical of large massive sulphide bodies.
Geological mapping and prospecting have been completed over all of the conductivity target areas except anomaly M. No possible sources for the underlying conductivity have been identified in the outcrops examined to date. This is not unexpected, considering the interpreted depths of the VTEM anomalies, significant overburden cover, and the exploration model that considers favourable target rocks to be overlain by younger ferrodiorite and ferrogranite intrusions.
A total of 39 km of line-cutting has been completed over the anomalies. Large Loop PEM surveying by Crone Geophysics has been completed at anomalies A, B, C and Q. At anomalies A and B, the response signatures have been explained by highly magnetic lithologies coupled with low VTEM bird height, creating an apparent conductivity anomaly termed Super Para-Magnetic effect (SPM). These targets are of no further interest.
At anomaly C, surveying with Crone PEM resulted in the definition of a good quality E-W trending conductor, flat-lying with minimum core dimensions of 15m by 300m, occurring 70m below surface. Definition of this response helps to validate the interpreted Southern Response Trend (SRT, see attached map), an multi-km E-W trending area of conductivity, magnetic and structural features straddling a large E-W offset of the Archean-Proterozoic suture, analogous in scale, morphology and setting to the Voisey’s Bay Intrusive Complex and related mineralization. This sparked the recent staking of license 023365M, consisting of a 132 claim block comprising 3,311 hectares, designed to cover the western extension of the SRT. Interpretation of the PEM data over the large conductive signature at Q is ongoing.
Springdale Forest Products have commenced drilling with borehole GP15-001 (collar at 582975E, 622376N, NAD 27 – UTM Zone 20N, Az. 290, Dip -55). This NQ borehole is designed to test VTEM anomaly D, part of 2 km trend of variable conductivity, coincident with a Ni-Cu-Co lake sediment anomaly, and resident in an E-W structure of the Gardar-Voisey’s Bay Fault set. An update on drilling will be made available once all results have been compiled and interpreted.
Commenting on the results, VP Exploration Everett Makela stated, “I am pleased with the progress of the Phase 2 campaign to date. After initial slow start-up due to poor weather conditions, we are executing our plan to fully test the conductivity responses this year. The three additional anomalies at O, P and Q increase our odds for success, and we are adjusting the program to accommodate exploration of these targets. Recent interpretation of the multi-km Southern Response Trend has led to a shift of exploration focus to this area. We will continue to provide updates on results as they become available”.
NI 43-101 Disclosure
Everett Makela, P. Geo., VP Exploration for Equitas Resources Corp., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Equitas Resources Corp.
Equitas Resources is a Canadian-based mineral exploration company with a focus on nickel, copper, platinum group metals (PGM) and cobalt. The Companies Garland Property is 23,386 hectares and located in the Voisey’s Bay district of Labrador, Canada.
Barrick’s Argentinian Gold Mine will Stay Closed Longer
Dundee Sustainable Technologies proprietary gold extraction method eliminates environmental problems related to gold processing.
Earlier this month Barrick acknowleged that due to faulty valves, cyanide used in the extraction of Gold managed to leak into local water supplies.
Mining.com just reported – “An Argentine judge ruled Wednesday that gold leaching processes at Barrick Gold Corp’s (TSX, NYSE:ABX) Veladero mine should remain suspended for another 30 days until authorities can determine whether there was environmental damage from a cyanide leak triggered by a faulty valve.” view full article
It is for reasons such as the aforementioned that Dundee Sustainable Technologies’ gold extraction process is revolutionary for the gold mining community and the environment.
About Dundee Sustainable Technologies (DST:CSE), a company controlled by Dundee Corporation
DST is engaged in the development of technologies for the treatment of refractory ores containing sulfides and arsenic. DST has developed proprietary hydrometallurgical processes, and owns the related patents, for the extraction of precious and base metals from ores, concentrates and tailings, which cannot be extracted with conventional processes because of metallurgical issues or environmental considerations.
DST’s patented approach provides a cyanide-free process to allow the exploitation of gold and other deposits that would otherwise face metallurgical issues with conventional methods. The primary benefits of the innovative technology are shorter processing times, a closed-loop operation eliminating the need for costly tailings pond, reduced environmental footprint related to inert and stable characteristics of the tailings, and lesser emissions due to lower energy consumption.
The process developed by DST is a recognized “green technology” for which it was awarded a $5.7 million grant towards the construction and operation of a $25 million demonstration plant. With a capacity of 15 tonnes per day of concentrate, the demonstration plant will serve as a proof of concept for the chlorination extraction technology on an industrial scale and under continuous operating conditions.
DST has tested several different gold deposits, both oxide and sulfide ores at the lab level and at its pilot plant. These tests have, consistently achieved gold recoveries in excess of 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, using chlorination instead of cyanide.
For more about Dundee Sustainable Technologies visit their website: http://www.dundeetechnologies.com/
Equitas Resources Corp. Provides an Update on its Garland Exploration Program
September 23rd, 2015 – Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) (“Equitas” or the “Company”) is pleased to provide an update for its Phase 2 program on the Garland nickel-copper property in Labrador, Canada. Due to initial results from current ground geophysical work Equitas has acquired additional claims to the west adjoining the Garland property. Twelve anomalies have now been identified and the Company has commenced drilling.
The 2015 Phase 2 field program at the Garland project kicked off on August 23rd, with field crews arriving at the recently completed 25-person field camp near the west end of Tasiuluk lake, at the northern end of the property. Despite being hampered by poor weather conditions limiting helicopter operations, significant progress has been made in the evaluation of conductivity anomalies detected by the VTEM survey flown in March.
Further interpretation from final processing of the B-field Tau component of the VTEM data has resulted in three new conductive signatures being identified at O, P and Q (see attached map). Tau anomalies can reflect more conductive bodies with slowly decaying signal, typical of large massive sulphide bodies.
Geological mapping and prospecting have been completed over all of the conductivity target areas except anomaly M. No possible sources for the underlying conductivity have been identified in the outcrops examined to date. This is not unexpected, considering the interpreted depths of the VTEM anomalies, significant overburden cover, and the exploration model that considers favourable target rocks to be overlain by younger ferrodiorite and ferrogranite intrusions.
A total of 39 km of line-cutting has been completed over the anomalies. Large Loop PEM surveying by Crone Geophysics has been completed at anomalies A, B, C and Q. At anomalies A and B, the response signatures have been explained by highly magnetic lithologies coupled with low VTEM bird height, creating an apparent conductivity anomaly termed Super Para-Magnetic effect (SPM). These targets are of no further interest.
At anomaly C, surveying with Crone PEM resulted in the definition of a good quality E-W trending conductor, flat-lying with minimum core dimensions of 15m by 300m, occurring 70m below surface. Definition of this response helps to validate the interpreted Southern Response Trend (SRT, see attached map), an multi-km E-W trending area of conductivity, magnetic and structural features straddling a large E-W offset of the Archean-Proterozoic suture, analogous in scale, morphology and setting to the Voisey’s Bay Intrusive Complex and related mineralization. This sparked the recent staking of license 023365M, consisting of a 132 claim block comprising 3,311 hectares, designed to cover the western extension of the SRT. Interpretation of the PEM data over the large conductive signature at Q is ongoing.
Springdale Forest Products have commenced drilling with borehole GP15-001 (collar at 582975E, 622376N, NAD 27 – UTM Zone 20N, Az. 290, Dip -55). This NQ borehole is designed to test VTEM anomaly D, part of 2 km trend of variable conductivity, coincident with a Ni-Cu-Co lake sediment anomaly, and resident in an E-W structure of the Gardar-Voisey’s Bay Fault set. An update on drilling will be made available once all results have been compiled and interpreted.
Commenting on the results, VP Exploration Everett Makela stated, “I am pleased with the progress of the Phase 2 campaign to date. After initial slow start-up due to poor weather conditions, we are executing our plan to fully test the conductivity responses this year. The three additional anomalies at O, P and Q increase our odds for success, and we are adjusting the program to accommodate exploration of these targets. Recent interpretation of the multi-km Southern Response Trend has led to a shift of exploration focus to this area. We will continue to provide updates on results as they become available”.
NI 43-101 Disclosure
Everett Makela, P. Geo., VP Exploration for Equitas Resources Corp., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Equitas Resources Corp.
Equitas Resources is a Canadian-based mineral exploration company with a focus on nickel, copper, platinum group metals (PGM) and cobalt. The Companies Garland Property is 23,386 hectares and located in the Voisey’s Bay district of Labrador, Canada.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Kyler Hardy”
Kyler Hardy
President
Tel: 604.681.1568
info@equitasresources.com
Neither TSX Venture Exchange nor it 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.
Forward-Looking Statements
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertaintiesinclude economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Factors that could cause actual results to differ materially include that we are unable to raise sufficient interest in the financing; that we may not be able to raise sufficient funds to complete our intended exploration and development; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Except as required by law, we do not undertake to update these forward looking statements.
- Published in Equitas Resources
Dundee Sustainable Technologies Enters Into an Agreement with ENAMI
Dundee Sustainable Technologies Inc. (“DST”) (CSE:DST) is pleased to announce that it has entered into an agreement with Empresa Nacional de Mineria, Chile (“ENAMI”) for the processing of gold concentrates (the “Concentrate”) produced by ENAMI’s operations, using DST’s proprietary Technology (the “Agreement”).
DST purchased from ENAMI 2 Tonnes of Concentrate to be used for a piloting campaign (“Piloting”), according to given metallurgical discounts and treatment charges and will retain all of the metal value extracted during the Piloting. The concentrate was received by DST in its Thetford Mines facility on September 15th.
This Agreement is part of a phased approach established between DST and ENAMI with the objective of implementing a processing facility, utilizing DST’s patented technology, in Chile.
The Piloting will further support the applicability of the DST process. Following the Piloting, DST and ENAMI will advance towards developing the technical and economic feasibility criterias for the implementation on a commercial scale of the DST process in Chile.
About ENAMI, a Chilean state-owned company
ENAMI’s mission is to promote the small and medium size private mining sector in Chile, by supplying technical, financial, metallurgical, production and trading services to small and medium size miners. ENAMI’s assets include one smelter, five processing plants and a network of technical support and facilities. ENAMI purchases ore and concentrate from producers in various purchasing agencies located throughout Chile.
About Dundee Sustainable Technologies, a company controlled by Dundee Corporation
DST is engaged in the development of technologies for the treatment of refractory ores containing sulfides and arsenic. DST has developed proprietary hydrometallurgical processes, and owns the related patents, for the extraction of precious and base metals from ores, concentrates and tailings, which cannot be extracted with conventional processes because of metallurgical issues or environmental considerations.
DST’s patented approach provides a cyanide-free process to allow the exploitation of gold and other deposits that would otherwise face metallurgical issues with conventional methods. The primary benefits of the innovative technology are shorter processing times, a closed-loop operation eliminating the need for costly tailings pond, reduced environmental footprint related to inert and stable characteristics of the tailings, and lesser emissions due to lower energy consumption.
The process developed by DST is a recognized “green technology” for which it was awarded a $5.7 million grant towards the construction and operation of a $25 million demonstration plant. With a capacity of 15 tonnes per day of concentrate, the demonstration plant will serve as a proof of concept for the chlorination extraction technology on an industrial scale and under continuous operating conditions.
DST has tested several different gold deposits, both oxide and sulfide ores at the lab level and at its pilot plant. These tests have, consistently achieved gold recoveries in excess of 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, using chlorination instead of cyanide.