TORONTO, Sept. 17 /CNW/ - ENPAR Technologies Inc. ("ENPAR") is pleased to announce that it is preparing to commercially launch its ExtrEL Leaching Technology, which has considerable potential for the extraction of nickel and other valuable metals from sulphide minerals. Application for patent protection of this technology is being sought on a worldwide basis.
The ability of the ExtrEL Leaching Technology to extract in a cost effective manner, up to 77% of the nickel from sulphide mine tailings, represents a significant opportunity for both major and junior mining companies.
Successful application of ExtrEL also renders residual mill tailings basically inactive, thereby enabling the mining industry to dramatically reduce the environmental liability currently associated with long-term management of tailings.
As indicated in a previous press release, ENPAR estimates that the value of recoverable nickel contained in historical mill tailings deposits worldwide could exceed $100 B. The Sudbury Nickel Mining Camp alone contains an estimated nickel value in tailings of tens of billions of dollars. Furthermore, billions-of-dollars worth in nickel continues to be deposited annually. Thus, the ExtrEL Leaching Technology promises to create spectacular business opportunities for ENPAR.
In the near future, ENPAR anticipates entering a strategic relationship with an interested party. Shareholders will be informed as events unfold.
ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste water and drinking water contaminated by metals or nutrients i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".
The TSX Venture Exchange has neither approved nor disapproved of the
contents of this news release.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof.