Mining Solutions Firm Receives Patent For Gold Extraction Process
The Gold Report | Nov 16, 2018 12:33AM ET
This company's system, which is portable and nontoxic, affords mining companies cost and time efficiencies.
received a patent for its Mineworx HM X-tract modular process for mining gold. U.S. Patent Number 10/124,345 was granted by the United States Patent and Trademark Office.
The company develops and sells nontoxic, precious metals extraction solutions for the mining and e-waste industries.
"The new technology allows us to deploy rapidly, process efficiently and decommission quickly in an environmentally sound manner with little capital expenditure and significantly reduced permitting process," noted the company in a news release.
The portable HM X-tract system can recover metals from alluvial and crushed hard rock deposits as well as tailings. With the technology, however, the scope of what can be mined extends beyond those, to include, for instance, deposits previously not mineable due to concerns about harming the environment; deposits in areas where permitting and lack of water forbid mining; and smaller deposits where significant capex is not justified. HM X-tract also can clean up soil contaminated by other solid metals, according to the company.
HM X-tract is a lower cost, environment-friendly mining option, according to the release. When it is used in tandem with a "unique operational system," tailings ponds are not needed, and the process requires 80% less water than is typical.
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Mineworx. Click disclaimer . This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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