It therefore has the potential to be a low-impact, low capital cost mining method. ISR means no open pits or underground tunnels, no tailings or large waste dumps and no discharge of noxious chemical at surface. In ISR, diluted water-based solutions are circulated underground, dissolving the targeted metals, and returned to surface for further processing and recovery of the target metals. In-Situ Recovery (meaning ‘in place’) is a non-invasive extraction method that has transformed the uranium industry. This combination of expertise will advance a business model that has potential to disrupt the conventional mining industry. Group 11 is committed to the development and application of ISR extraction for gold and other metals using EnviroLeach’s patented environmentally friendly process along with enCore’s expertise in ISR extraction. These innovators pioneered In-situ Recovery (“ISR”) which has been successfully utilized to recover metals including uranium and copper using liquid solutions other than cyanide. We look forward to applying our expertise with this proven, environmentally sound technology to the recovery of precious and other metals.”īackground on Non-Invasive Extraction Technology Non-invasive extraction of minerals has been successfully implemented in the mining sector with many innovators and patent holders in the field on the team at enCore, one of the Group 11 partners. uranium mining industry and continue these leading efforts today. Group 11 is supported by a first-class staff of scientists and engineers, an extraordinary data set, independent technical validations, strategic relationships, over $20 million in research and development, and commercially proven processes and technologies.ĭennis Stover, CEO of enCore Energy stated: “The enCore team members were active inventors and innovators in the earliest stages of developing and commercializing ISR technologies for the U.S.
Each Group 11 owner brings a vital skill set to address these challenges and create a unique business opportunity. Sustainable metals extraction is a serious challenge for the mining industry which faces mounting concerns over its environmental and carbon footprint, energy consumption, operational safety and especially its impact on water use and water quality while responding to an ever-increasing need for metals in our daily lives. Group 11, a private company, will finance all ongoing research and development expenditures for in-situ and secondary recovery applications.Ībout Group 11 Technologies Inc.
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EnCore has contributed $750,000 in initial funding and will provide in-situ extraction expertise, EnviroLeach has entered into a license agreement with Group 11 for the use of its environmentally friendly metal recovery process and will provide chemical and metallurgical expertise, Golden Predator will contribute mobile processing equipment and expertise in utilizing EnviroLeach’s environmentally friendly solution for recovery of gold from sulphide concentrates.
(“Golden Predator”) (TSXV: GPY OTCQB: NTGSF) with 20% of the common stock. (“EnviroLeach”) (CSE : ETI OTCQB: EVLLF) with 40% of the common stock and Golden Predator Mining Corp. (“enCore”) (TSXV: EU OTCQB: ENCUF) with 40% of the common stock, EnviroLeach Technologies Inc. Group 11 was founded and is owned by enCore Energy Corp. Group 11 is committed to providing commercially viable, sustainable alternatives to conventional mining for the extraction and processing of precious metals. Group 11’s initials steps will include acquisition and subsequent testing of already identified gold projects that demonstrate specific qualities lending themselves to the Company’s environmentally and economically superior processes. Effective August 28 th, 2020 the Group 11 has finalized all necessary Organizational, Shareholder, and Licensing documentation with its founding partners and will now commence formal operations.
Group 11 has now completed a successful commercial launch. (TSX-V: EU) (OTCQB: ENCUF) (the “ Company“) reports that it has completed necessary agreements to acquire 40% of Group 11 Technologies Inc., (‘Group 11”) a United States-based private company committed to testing and implementing non-invasive extraction technologies (“in-situ recovery” or “ISR”) of precious metals with the use of environmentally-friendly solutions. 01, 2020 (GLOBE NEWSWIRE) - enCore Energy Corp.