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Phase 1 testing of ENPAR's patented electrochemical metal leaching technology exceeds expectations
Phase 1 testing of ENPAR's patented electrochemical metal leaching technology exceeds expectations.
About this update from Current Water Technologies Inc
[{"type":"text","content":"\n\n\n\n\nGUELPH, ON, Dec. 8 /CNW/ - Dr. Gene Shelp, President of Enpar\nTechnologies Inc. (\"ENPAR\"), is extremely encouraged with the Phase 1\nlaboratory results from testing of the company's patented ExtrEL Technology,\nwhich represents an electrochemically-enhanced hydrometallurgical process.\nOver the past 6 months ENPAR has evaluated the ExtrEL system for\nrecovering nickel from sulphide material grading up to 1.2% Ni. To date, the\ncompany has achieved very positive results, with up to 77% of the nickel\nconverted into a soluble form within a 5-hour leaching cycle. The soluble\nnickel will be subsequently recovered as nickel metal using conventional\nsolvent extraction and electro-winning processes. The high nickel recovery is\ncomplemented by relatively low operating costs, with electricity costs for the\nreactor being $0.38 per kilogram of nickel recovered.\nNickel currently trades at USD $5.98 per pound or USD $13.17 per\nkilogram. Given the promising results, the ExtrEL Technology represents a very\ncost effective process for recovering the nickel from sulphide minerals.\nHowever, the company cautions that more work and testing is required before\nfirm conclusions can be made about the potential commercialization of this\nprocess.\nPhase 2 of the project is scheduled to begin in January 2006.\nOptimization of the leaching process will be completed over a 3-month period.\nThe results of Phase 2 will be used to design a pilot unit for relatively\nlarge-scale testing.\nENPAR regrets to report that Canadian Golden Dragon Resources Ltd.\n(\"Dragon\") has failed to meet its obligations to ENPAR as required under the\nterms of the ENPAR/Dragon ExtrEL agreement. Consequently, all rights to the\nExtrEL Technology have reverted to ENPAR.\nENPAR Technologies, Inc., headquartered in Guelph, ON is a publicly\ntraded company listed on the TSX - Ventures Exchange (symbol \"ENP\").\n\nThis news release contains forward-looking statements within the meaning\nof the \"safe harbour\" provisions of the Private Securities Litigation Reform\nAct of 1995. These forward-looking statements are subject to risks and\nuncertainties and other factors that may cause ENPAR Technologies Inc. results\nto differ materially from expectations. These include risks relating to market\nfluctuations, property performance and other risks. These forward-look...