MONTREAL, QUEBEC – TheNewswire - October 29, 2021 – Dundee Sustainable Technologies Inc. ("DST" or the "Corporation") (CSE:DST) (CSE:DST) (OTC:DNDDF) is pleased to announce that it has successfully commenced the operation phase of a tolling contract agreement (the "Contract") for the processing of 230 tonnes of high-grade gold bearing material at its facilities in Thetford Mines, Canada.
The contract consisted in the design, construction, and operation of a new rotary kiln furnace to process the material. The construction phase spanned over a 4-month period and allowed for a fully operational 2 feet (60 cm) internal diameter by 25 feet (7.60 m) long rotary kiln furnace to be constructed and fully commissioned by DST. The circuit includes a feeding system and a cooling screw and is designed to operate at a temperature of up to 900°C and a feed rate of up to 150 kg/hr of material.
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The tolling program (the "Program"), as previously mentioned in DST May 12th Press release (http://dundeetechnologies.com/dst-announces-tolling-contract-for-180-tonnes-of-material-containing-270-g-t-gold) will be conducted on material from a Senior Canadian Gold Mining Company (the "Gold Company") and administrated by an International Metal Trading Company (the "Metal Trader") with whom DST executed the Contract.
Between May and June 2021, a total of 230 tonnes of high-grade gold material (the "Material") produced by the Gold Company was received at DST facilities. The Material is known to contain 270 g/t of gold, on average, with a minimum of 25 g/t and a maximum of 1,900 g/t of gold, along with silver content of greater than 500 g/t. The current operation phase is expected to continue over a period of 6 months and will produce a clean gold product.
This Contract is part of DST's strategy to leverage its key asset located in Thetford Mines, Quebec, in order to generate revenues while the Corporation continues along the path to commercializing its GlassLock Process™ and CLEVR Process™.
DST is also announcing, with effect on October 31, 2021, the resignation of Mrs. Patricia Osorio as Corporate Secretary of the Corporation to pursue other opportunities. David Lemieux, President and CEO stated "On behalf of the DST's team and the Board of Directors we wish to thank Patricia for her dedicated work and we wish her the best in her future endeavours". Mr. Arved Marin, Chief Financial Officer has been appointed as Interim Corporate Secretary, effective November 1, 2021.
About Dundee Sustainable Technologies, a corporation controlled by Dundee Corporation
The Corporation is engaged in the development and commercialisation of environment-friendly technologies for the treatment of materials in the mining industry. Through the development of patented, proprietary processes, DST extracts precious and base metals from mineralised material, concentrates and tailings, while stabilising contaminants such as arsenic, which could not otherwise be extracted or stabilised with conventional processes because of metallurgical issues or environmental considerations.
DST has filed, published and was granted patents for the GlassLock Process™ and CLEVR Process™ in numerous countries.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. David Lemieux
President and CEO
Dundee Sustainable Technologies Inc.
Tel: (418) 423-7247 # 227
Cell: (418) 331-0486
info@dundeetechnologies.com
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 new technologies 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.
Copyright (c) 2021 TheNewswire - All rights reserved.
魁北克蒙特利尔-TheNewswire-2021年10月29日-Dundee可持续技术公司DST或“公司”)(CSE:DST)(CSE:DST)(场外交易:DNDDF)高兴地宣布,其位于加拿大Thetford Mines的工厂已成功启动一项收费合同协议(“合同”)的运营阶段,该协议将在加拿大Thetford Mines加工230吨高品位黄金轴承材料。
该合同包括设计、建造和运营一座新的回转窑炉来加工这种材料。施工阶段历时4个月,允许DST建造一个内径2英尺(60厘米)、长25英尺(7.60米)的回转窑炉,并完全投入使用。该电路包括一个进料系统和一个冷却螺杆,设计用于在高达900°C的温度和高达150公斤/小时的进料速度下运行。
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DST 5月12日新闻稿(http://dundeetechnologies.com/dst-announces-tolling-contract-for-180-tonnes-of-material-containing-270-g-t-gold)中提到的收费计划(以下简称“计划”)将使用加拿大一家资深黄金开采公司(“黄金公司”)的材料,并由与DST签订合同的一家国际金属贸易公司(“金属贸易商”)进行管理。在此之前,DST在5月12日发布的新闻稿中提到,收费计划(以下简称“计划”)将由与DST签订合同的一家国际金属贸易公司(“金属贸易商”)管理。
2021年5月至6月期间,DST设施共收到230吨黄金公司生产的高品位黄金材料(“材料”)。据了解,该矿石平均含金量为270克/吨,最低含金量为25克/吨,最高含金量为1,900克/吨,含银量高于500克/吨。目前的运营阶段预计将持续6个月以上,将生产出清洁的黄金产品。
该合同是DST战略的一部分,目的是利用其位于魁北克省泰特福德矿场的关键资产创造收入,同时该公司继续将其Glasslock Process™和CLEVR Process™商业化。
DST还宣布,从2021年10月31日起,帕特里夏·奥索里奥(Patricia Osorio)女士辞去公司秘书一职,以寻求其他机会。总裁兼首席执行官David Lemieux表示:“我们谨代表DST团队和董事会感谢帕特里夏的敬业工作,并祝愿她在未来的工作中一切顺利。”首席财务官Arved Marin先生已被任命为临时公司秘书,自2021年11月1日起生效。
邓迪可持续技术公司简介邓迪公司是一家由邓迪公司控股的公司
该公司致力于矿业材料处理的环保技术的开发和商业化。通过开发专利的专有工艺,DST从矿化材料、精矿和尾矿中提取贵金属和贱金属,同时稳定砷等污染物,这些污染物因冶金问题或环境考虑而无法用常规工艺提取或稳定。
DST已在多个国家申请、出版并获得了Glasslock Process™和CLEVR Process™的专利。
如需更多信息,请联系:
David Lemieux先生
总裁兼首席执行官
邓迪可持续技术公司
电话:(418)423-7247#227
电话:(418)331-0486
邮箱:info@dundeetechnologies.com
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