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EESTech, Inc. Announces Samancor Ferrochrome Reclamation Agreement
EESTech, Inc. Announces Samancor Ferrochrome Reclamation Agreement.
About this update from Eestech, Inc.
[{"type":"text","content":"\n\n\n\nEESTech, Inc. Announces Samancor Ferrochrome Reclamation Agreement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nEESTech, Inc. Announces Samancor Ferrochrome Reclamation Agreement\nPR Newswire\nNEW CASTLE, Del., April 2, 2019\n\n\n\n NEW CASTLE, Del., April 2, 2019 /PRNewswire/ -- EESTech (otc-pink:EESH) signs a 10-year Ferrochrome Slag Reclamation Agreement with Samancor Chrome Limited.\nEESTech specializes in the reclamation and remediation of mine site waste and process slag with a patent pending process that delivers highly cost-effective waste management solutions previously thought unachievable. \nEESTech's services will have a significant positive impact on the world's mining and resource industries by increasing productivity, reducing energy demands, delivering significant economic benefits and environmental sustainability.\nSamancor Chrome, South Africa, has awarded EESTech an exclusive ten-year agreement, with a five year extension option, granting reclamation rights to the Ferrochrome (FeCr) process slag located at Samancor Chrome's Ferrometals process facility in Emalahleni, South Africa. This facility currently stockpiles in excess of 10 million tons of FeCr slag with new horizons being continuously added. \nSamancor Chrome produces more than 1.7 million tons of Ferrochrome per annum across five smelting facilities, positioning Samancor as the second largest FeCr producer in the world. \nEESTech's CEO, Mr. Murray Bailey, welcomes the Agreement with Samancor Chrome and said, \"EESTech's unique ability to process up to 900,000 tons of FeCr slag per annum to recover all residual chrome units will establish new industry standards for mine site waste and process slag management.\"\nUnder the terms of Agreement, Samancor Chrome will purchase all Ferrochrome metal recovered by EESTech that meets agreed specifications.\nAll EESTech post-process tailings are transformed into environmentally stable, inert, sand-products suitable for a wide variety of commercial applications.\nAll sand products are own...