Mineworx To Pursue Catalytic Converter Market

SURREY, British Columbia, Feb. 26, 2020 – Mineworx Technologies Ltd., (the “Company” or “Mineworx“) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) is pleased to announce the signing of a Letter of Intent (“LOI”) with EnviroLeach Technologies Inc.(“EnviroLeach”) (CSE: ETI) (OTCQB:  EVLLF) (7N2: FSE)  to develop and utilize EnviroLeach’s patented technology to recover platinum group metals (“PGM”) from catalytic converters. Upon completion of a definitive agreement Mineworx will fund, in phases, further development of the EnviroLeach technology to tailor it to the recovery of PGM including bench and pilot scale test work. Mineworx will also have the option to finance, construct, own and operate a proposed commercial production facility to process end of life catalytic converters utilizing EnviroLeach’s proprietary technology under license.

Greg Pendura, President and CEO commented, “We are very pleased to announce this initiative, which has significant potential within the PGM market in excess of $30 billion annually. We are confident that with the support of the EnviroLeach team and their proprietary technology, we will be able to develop an eco-friendly and commercially viable process to extract and market platinum group metals for future use.”

The completion of the transactions proposed under the LOI is subject to a number of conditions including the negotiation and execution of a definitive agreement and license agreement.

About Regenx

Regenx is positioned for growth in the CleanTech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals.

Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its partner Davis Recycling Inc.
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For further information contact:

Tech Corp

Greg Pendura
Greg Pendura

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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