farml1234
5 years ago
Big news out
DST Signs Contract with GMOB for Giant Mine Test Work Using its GlassLock Process(TM)
(via TheNewswire)
MONTREAL, QUEBEC - TheNewswire - May 26th, 2020 - Dundee Sustainable Technologies Inc. ("DST" or the "Corporation") (CSE:DST) (CNSX:DST.CN) is pleased to announce that it has entered into an agreement with the Giant Mine Oversight Board ("GMOB") to apply its GlassLock ProcessTM ("GlassLock" or the "Technology") on arsenic trioxide material from the Giant Mine site north of Yellowknife in the Northwest Territories.
DST's role in this project involves delivering kilogram scale, arsenical glass generated using GlassLock on arsenic dust samples provided by GMOB. The produced glass will be assessed by the GMOB and TERRE-NET to evaluate the amenability of the Technology to provide a viable remediation solution to the situation prevailing at the mine site. DST expects to deliver the glass to the GMOB research team within an 18-22 week period.
A State of Knowledge Review report prepared by Arcadis Canada Inc., released on September 11, 2017 on behalf of GMOB concluded that vitrification "ranked first in the scoring matrix for stabilization/treatment methods" based on the potential for long-term stability, moderate overall costs, and potential for gold recovery.
The GlassLock ProcessTM developed and patented by DST is designed for the sequestration of arsenic in a stable glass form. DST has successfully demonstrated its Technology at laboratory, pilot and industrial level, where arsenical material were processed to generate vitrified arsenical glass, containing up to 20% arsenic while meeting the United States Environmental Protection Agency's (EPA) toxicity characterization leaching procedure (TCLP, Method 1311).
The Corporation's President and CEO, Mr. David Lemieux commented: "DST looks forward to collaborating with the GMOB and its academic partners with the objective of developing a long- term and permanent remediation process for the Giant Mine site and local communities. The Giant Mine is one of the largest worldwide arsenical remediation project by size and happens to be located in Canada. We are proud of the invitation received from GMOB to participate into those efforts. We look further to assist this Canadian project while creating value for our shareholders by leveraging and demonstrating the efficiency of GlassLock on such legacy arsenic dusts."
About Giant Mine, GMOB and TERRE-NET
The mineralized material at the Giant Mine is co-located with arsenopyrite, an arsenic-bearing mineral. During processing of the mineralized material, an arsenic trioxide dust mixture was generated, precipitated, and collected in baghouses. Beginning in 1951, the dust was stored on-site in purpose-built vaults, or in previously mined out [underground] chambers (stopes). Over approximately 50 years of operation, 237,000 tonnes of arsenic trioxide dust were generated and stored on site. The dust is, on average, approximately 60% arsenic by weight. Arsenic trioxide is water soluble and poses a risk to both people and the environment through transport to local water bodies such as Baker Creek and the Great Slave Lake.
GMOB has a mandate to perform research that will identify a permanent solution for the management of arsenic trioxide stored underground at Giant Mine. Working with a consortium of researchers specializing in the management of mine wastes (referred to as TERRE-NET), GMOB is currently evaluating multiple arsenic trioxide stabilization techniques, one of which is vitrification.
About Dundee Sustainable Technologies, a corporation controlled by Dundee Corporation The Corporation is engaged in the development and commercialization 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 mineralized material, concentrates and tailings, while stabilizing contaminants such as arsenic, which could not otherwise be extracted or stabilized with conventional processes because of metallurgical issues or environmental considerations.
DST has filed, published and was granted patents for both the GlassLock ProcessTM and the CLEVR ProcessTM 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
farml1234
5 years ago
More news from 2 weeks ago
Dundee Sustainable Technologies Inc.NEWS RELEASEDST ANNOUNCES POSITIVE GOLD EXTRACTION RESULTS USING ITS CLEVR PROCESSTMMONTREAL, QUEBEC, April 28, 2020–Dundee Sustainable Technologies Inc. (“DST” or the “Corporation”) (CSE: DST) is pleased to announce positive results from a metallurgical test program utilising DST’s CLEVR ProcessTM(the “CLEVR Process” or “Technology”) on two distinct mineralised samples from a Gold Mining Company (the “Gold Miner”). DST was mandated by the Gold Miner to conduct a metallurgical test program at its facilities in Thetford Mines, Canada. The Corporation received two (2) distinct lots of ~50-kilogram and ~30-kilogram samples of representative material from the Gold Miner’s operating project located in the Asia-Pacific region. The objective of this work was to demonstrate the amenability of the CLEVR Processto extract the gold content from the provided material.InMarch 2020, DST completed the laboratory metallurgical test program and is pleased to announce that the direct application of the CLEVR Process on oxidised samples achieved gold extraction yields of 93.5% and 94.2%respectively for the distinct lots tested. Mr. David Lemieux, President and CEO commented, “Management of DST is very excited of the results obtained with our CLEVR Process with the Gold Miner. This is great news to see major gold miners interested in assessing the benefits and applicability of CLEVR Process on existing gold assets. Our team will continue working with the client to further develop this promising opportunity for DST.” In addition, the solid residues, produced as a result of the CLEVR Process were tested successfully against the U.S. Environmental Protection Agency’s (“EPA”) Toxicity Characterisation Leaching Procedure (“TCLP”, Method 1311) thusconfirmingthey canbe considered as non-hazardous waste. The inert nature of the tailings produced by the CLEVR processrepresent a major advantage in terms of tailings disposal configuration.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.
farml1234
5 years ago
News out
Dundee Sustainable Technologies Inc.NEWS RELEASEDST signs CDN$ 600,000 engineering contract for its GlassLock ProcessTMand extends maturity of Convertible DebentureMONTREAL, QUEBEC, May 12th, 2020 –Dundee Sustainable Technologies Inc. (“DST” or the “Corporation”) (CSE: DST) is pleased to announce that it has entered into a commercial agreement to provide engineering services (the “Agreement”) to a gold and copper producer (the “Client”) for a full scale plant of its GlassLock ProcessTM (“GlassLock” or the “Technology”). As part of the Agreement, DST will receive a total of CDN$ 600,000 from the Client in return for the delivery of a Class 4 engineering package. This decision was made by the Client following the completion of a successful on-site demonstration of the GlassLock in December 2019 and the $1-million (U.S.) cash payment in return for a one-year exclusivity period for the application of its GlassLock ProcessTMon copper smelting operations. (See DST’s April 15thPress Release)DST’s GlassLock has been selected by the Client as the preferred process after costs comparison with other alternatives such as Scorodite precipitation. The mandate is expected to be completed in 18 weeks with a delivery of the report in August 2020. The Corporation’s President and CEO, Mr. David Lemieux commented: “The Corporation is pleased to announce DST has received this mandate by a well-established Client. This project is another important milestone in the execution of our business plan to commercialize our Technology. Our strategy is to create value for our shareholders by leveraging the successful Demonstration of ourGlassLock ProcessTMto deliver large scale projects like this one.” The Corporation is please to announce that it has obtained an approval from Investissement Quebec to extend the maturity date of its convertible debenture from May 15, 2020 to July 13, 2020 with all the other terms and conditions remaining unchanged. DST also announces the resignation of Ms. Luce St-Pierre as Corporate Secretary for the Corporation, DST would like the thank Ms. St-Pierre for her work, contribution and devotion since the incorporation of the company. DST has appointed Ms. Patricia Osorio to act of Corporate Secretary for the Corporation effective immediately. 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.
farml1234
7 years ago
We just got a new member on BOD
Bet he loves that 500,000 stock options he just got
Dundee Sustainable Technologies Inc. Announces Appointment to the Board of Directors and Grant of Options
MONTREAL, April 30, 2018 (GLOBE NEWSWIRE) -- Dundee Sustainable Technologies Inc. (CSE:DST) is pleased to announce the appointment of Mr. John Lindsay P.Eng., to the Board of Directors. Mr. Lindsay brings significant technical and metallurgical experience to the Board.
John Lindsay is a Professional Engineer with over 30 years of experience in mining and holds a Bachelor of Science in Metallurgy from Strathclyde University in Glasgow, Scotland. Mr. Lindsay has been the Senior Vice President of Dundee Precious Metals, Projects since 2014. Previously, he was Vice-President, Capital Projects Execution with Barrick Gold Corp. Mr. Lindsay has held a variety of senior roles with SNC Lavalin Group Inc., AMEC Americas Limited and De Beers Consolidated Mines Ltd, where his accountabilities included metallurgical design, operations management and oversight and governance of major mining projects. He has served as an executive committee member of the Canadian Institute of Mining and Metallurgy, Toronto branch.
The Corporation also announces the grant of 500,000 stock options to a director. The options vest immediately, expire in five years and are exercisable at $0.10 per share.
About Dundee Sustainable Technologies, a company controlled by Dundee Corporation
The Corporation is engaged in the development and commercialization 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 mineralized material, concentrates and tailings, while stabilizing contaminants such as arsenic, which could not otherwise be extracted or stabilized with conventional processes because of metallurgical issues or environmental considerations.
DST has filed, published and was granted patents for these processes in several countries.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brian Howlett
President and CEO
Dundee Sustainable Technologies
Tel: (514) 866-6001 # 239
Cell: (647) 227-3035
info@dundeetechnologies.com
farml1234
7 years ago
This company will be using the arsenic roasting process
another thing Dundee Corp is also a big holder of ECS but not as big as DST holding witch i hear is 75 % of the stock
12 April 2018
comments
share
Spurred by the surging price of the metal, on the back of already tightening supply, eCobalt has channelled new and longstanding global investor support to rapidly advance work on a number of fronts and get the only permitted US cobalt mine ready to move forward into full commercial production in 2020.
The company's optimized feasibility study (OFS), due for release this quarter, is focused on process and cost optimization but also maximizing offtake opportunities from production of a clean cobalt concentrate from the Idaho Cobalt Project (ICP), a change from the earlier emphasis on more refined output.
The ICP is wholly-owned by eCobalt's US subsidiary, Formation Capital Corporation.
"Strong demand and changing dynamics has presented us with alternative upstream product opportunities to evaluate that can potentially result in optimization of the flowsheet at the company's Cobalt Production Facility [CPF; at Blackfoot, Idaho], and its operating and capital costs," says eCobalt president and CEO Paul Farquharson.
Speaking with RESOURCEStocks ahead of the OFS release, Farquharson says the company's 2017 feasibility study provided a strong platform on which to launch the proposed US$187 million Idaho Cobalt Project's (ICP) final pre-production phase. That study showed a pre-tax NPV of US$136 million (using a 7.5% discount rate) and plus-21% IRR could be generated with cobalt at $26.65/lb - a price now well back in the rear-view mirror - and the average life-of-mine net cash costs for cobalt from the Idaho concentrator at circa US$5/lb.
At $35/lb cobalt, which will produce about 75% of ICP's revenue, the project has a $245 million NPV and 31% IRR. Add $14.4 million to after-tax NPV and 1.3% to IRR with every $1/lb gain in the cobalt price and it's no wonder eCobalt's project has become the world's standout primary cobalt producer in waiting.
If it was currently producing its initial circa-2,000 tonnes per annum of cobalt, with planned copper and gold by-products, ICP would be generating a handsome US$68 million a year of free cash flow and about $90 million EBITDA, based on the 2017 feasibility numbers forecast for the first few years when high-grade zones are being mined.
And cobalt (and copper and gold) prices are not the only things changing this outlook for the better.
Under proposed changes to US corporate tax rates, eCobalt is set to pay about 21% less tax during the life of the ICP than previously expected.
The company is seeing significant opportunities for capital and operating cost improvements in mine and processing optimization work in progress, while an additional five million pounds of cobalt in the recently announced revised resource model is expected to bolster the new reserve model in the OFS.
Farquharson says work on the OFS has it on track for delivery this quarter.
"We are working with Micon and SNC, so things are moving along well," he says.
"We also now have our equipment supplier present at the pilot tests so all input for manufacture of equipment will happen in a timely manner as well."
Concurrent with the reserve modelling (on the back of 2016-17 drilling results), eCobalt is fine-tuning its mine planning which is now focused on the use of the cut-and-fill method, instead of the long-hole stoping first envisaged, to extract 8m-by-15m stope blocks (versus 30m-by-100m earlier), which will have a major impact on dilution levels and the type (higher grade) and predictability (better) of ore being delivered to the mill.
Farquharson says the use of a sweeping ramp instead of a spiral decline will also favourably impact mine access and haulage economics and safety, while eCobalt's focus on producing clean cobalt concentrate rather than the cobalt sulphate heptahydrate in the 2017 FS should simplify its process flow sheet, further de-risking the project.
The previous study had the ICP 800tpd underground mine producing an average 2.4 million lb of cobalt per annum, 3.3Mlbpa of copper and 3,000ozpa of gold over a 12.5 year mine life, with that projected life only based on eCobalt's Ram deposit, near Salmon in central Idaho. The company has effectively only explored about 7% of its total claims on the Idaho Cobalt Belt, while the Ram resource remains open at depth and along strike. Drilling will continue from underground.
At least a dozen known targets exist elsewhere on eCobalt's considerable land package, including areas where historic drilling has returned intercepts with grades higher than the cut-off grade for the Ram deposit.
Farquharson says the recent feasibility study "fundamentally de-risks" the project, while the optimization study results will open the door to final project financing and product offtake talks.
"We have been receiving strong interest for offtake from various parties across the battery and cobalt supply chain since the release of the economic results of the feasibility study in addition to advancing discussions with the parties that we have engaged over the past year," he says.
"But cobalt's use in a number of growing markets - from superalloys to medicine - means there is interest from a wide range of parties in a clean cobalt concentrate product and we are talking to all these parties, not just those in the battery supply chain.
"Producing a more upstream, less refined product opens up numerous avenues for revenue generation from our production."
Farquharson says eCobalt has hosted multiple parties on site as part of recent due diligence activities.
"Discussions are ongoing. [Site visitors] are in the data room reviewing the FS and bench-scale tests."
eobalt president and aul arquharson
eCobalt president and CEO Paul Farquharson
The tests successfully removed 99% of arsenic from Ram underground material.
"Pilot level tests are currently underway, results from which will be released in the next few weeks," Farquharson says.
"We're in a fortunate position with a lot of interest for our product, and we're taking a cautious approach to ensure the deal we commit to is one that will benefit the company and shareholders over the long term."
With some sort of offtake deal sure to be part of eCobalt's ICP financing mix, the company is also nearing key decisions on full project finance.
"When we release the OFS in Q2 this document will be the basis for our production decision and we will be able to then determine the best financing structure for the long term success of the project," Farquharson says.
"In addition to putting together the financing structure, throughout the spring and summer we will be completing all environmental systems so that we can commence underground development in Q318.
"We have the main permits in hand which are the Record of Decision approving the plan of operations and the water discharge NPDES permit. All other permits are applications that are made when we ramp up from pre-construction to construction, such as road use, building permit, etc. These are relatively straightforward permits to obtain and are more administrative in nature.
"The major permits are already in place."
The company recently raised about C$30 million of equity funding via a successful raise that drew significant interest from institutional level investors in North America, Australia, Europe and Asia. It is fully funded through its pre-development phase.
With cobalt prices recently surging past 10-year highs, higher asset values in the sector have been reflected in a range of transactions over the past 12 months. High-quality, primary cobalt producers in safe, stable jurisdictions are a rarity in the space.
eCobalt has already spent more than US$120 million advancing the ICP to its current stage. Now it has assembled a formidable technical and site leadership group.
All of which puts a question mark next to eCobalt's recent share-price gyrations, which have seen it touch a low of C$1.26 this year after opening 2018 at $2.07. It's currently trading around $1.40.
Farquharson isn't overly concerned.
"We're seeing typical share price behaviour," he says.
"A decrease when an equity financing is announced, and as we are finalizing the OFS - the market is waiting for those details.
"We have several milestones coming up as we move towards production, [including] results from the pilot tests, the new OFS, equipment being delivered to site such as the water treatment plant and finalizing off-take agreements.
"That will hopefully contribute to a proper valuation of the company in the market.
"The demand for cobalt continues to grow.
"Automotive companies such as Volkswagen and BMW have recently announced their intent to source cobalt from the producers themselves to secure future supply.
"Major cobalt producers such as Glencore recently announced ramping up cobalt production. But even doubling their current cobalt production would not meet expected electric vehicle demand.
"World mine production of cobalt in 2016 was estimated to be 123,000 tonnes. Glencore estimated that at least 285,000t of additional cobalt production would be required to make 30% of new vehicles electric by 2030."
farml1234
7 years ago
This is great news , look at the royalty
You can do the math on just this one project !!
Dundee Sustainable Technologies announces a Letter of Intent for the sale of a license for the Snow Lake tailings
MONTREAL, April 17, 2018 (GLOBE NEWSWIRE) -- Dundee Sustainable Technologies Inc. (“DST or the Corporation”) (CSE:DST) is pleased to announce that it has signed a letter of intent (“LOI”) with GMR Inc. (“GMR”) for the sale of a license to utilize DST’s proprietary gold recovery and arsenic vitrification technology (“DST Technologies”) on the Snow Lake tailings project (the “Project”).
Through this agreement, DST received a $20,000 cash payment as an advance on right to utilise the DST Technologies on the Project. In addition, DST will earn 5% equity interest in the net income of the project. All metallurgical test work associated to the evaluation of the Project will be conducted under service contract agreements with GMR by DST at its technical facilities in Thetford Mines.
Mr. Brian Howlett stated, “This provides the Corporation with an additional project in its pipeline of future users of its pyrolysis and arsenic vitrification process. DST is looking forward to working with GMR to first sample and then complete a several tonne bulk sample. DST’s goal is to prove that it can extract and vitrify the arsenic to ultimately create a clean concentrate that can be sold to the market.”
Mr. David LeClaire, the CEO of GMR Inc. stated, “GMR believes that significant value can be extracted from these tailing which contain significant amounts of gold associated with a very high arsenic content.”
The Project is located in Snow Lake, Manitoba and consists of arsenopyrite tailings known to contain residual gold and silver contents. The tailings pile is currently controlled by the Government of Manitoba. The Project is proposing a "no cost to the taxpayer" deal in return for the removal and stabilization of the arsenic, GMR could keep the recovered metals for its own account. Historic resource estimates were generated in 2012 estimating the Snow Lake tailings to contain 264,596 tonnes grading 9.76 g/t of gold and 2.17 g/t of silver. (All historical resources are categorized as Inferred resources using the meaning ascribed to that term by the Canadian Institute of Mining (CIM), due to the uncertainty which may attach to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resources will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and DST is not treating the historical resources as current mineral resources. Confidence in the historical estimates is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability
farml1234
7 years ago
Think this is good news
Dundee Sustainable Technologies Initiates Metallurgical Testing with First Cobalt
MONTREAL, March 20, 2018 (GLOBE NEWSWIRE) -- Dundee Sustainable Technologies Inc. (“DST or the Corporation”) (CSE:DST) is pleased to announce a metallurgical test program with First Cobalt Corp. (“First Cobalt”) (TSX-V:FCC) on high grade samples from the Canadian Cobalt Camp (“Project Material”). This test work is intended to develop an optimal process flowsheet for the recovery of silver and cobalt incorporating DST’s arsenic removal and stabilization technologies.
The Project Material has been sent by First Cobalt and received at DST technical and industrial complex located in Thetford Mines, Quebec. The 30 kg sample is composed of high grade refinery residue and crushed waste rock material sourced near the First Cobalt mill facility in the Canadian Cobalt Camp. The mineralised material contains grades ranging from 0.65% to 1.55% cobalt. DST’s work will be to determine the analytical characterization of the Project Material, its amenability to concentration by gravity, the applicability of DST’s arsenic removal and stabilization process and the recovery of metallic values.
Mr. Brian Howlett, the President and CEO of the Corporation stated, “DST is very pleased with the interest and collaboration with First Cobalt. This project is a good opportunity for DST to further demonstrate its ability to work and process high arsenic bearing cobalt material in a safe and environmentally friendly manner and to position DST as a key player in the processing of North American sourced primary cobalt through the Corporation’s arsenic technology in addition to the gold projects that we are pursuing.”
The work study is expected to commence shortly and to be completed by the end of the second quarter and aims to develop a process flowsheet.
Mr. Jean-Philippe Mai, P. Geo., is the Qualified Person who has reviewed, prepared and approved the content if this news release
farml1234
7 years ago
Think this is great news for ECS also
DST Announces Filing of new US Patent for Treatment of Arsenical Mineralization
MONTREAL, QUEBEC--(Marketwired - March 1, 2018) - Dundee Sustainable Technologies Inc. ("DST or the Corporation") (CSE:DST)(CSE:DST.CN)(CNSX:DST) announces that it has filed a patent for the treatment of arsenical mineralization such as arsenopyrite, cobaltite and enargite using a combination of pyrolysis and vitrification.
Mr. Brian Howlett, President and CEO commented, "The combination of these technologies provides a single solution for arsenic constrained mineralization. The Corporation recently announced that lab testing has confirmed its ability to reduce the arsenic concentration in cobaltite concentrate sample from 18% to 0.15%, which makes the concentrate amenable to further processing options."
DST is also pleased to announce that it has been granted a United States patent titled, "Method and composition for sequestration of arsenic (patent #9,849,438 B2)." This patent builds on DST's prior experience in sequestering arsenic in glass and provides a newly optimized formulation purposely developed to meet or exceed the guidelines of the United States Environmental Protection Agency (USEPA) Toxicity Characterization Leaching Procedure ("TCLP"). DST's Arsenic Vitrification process can now output glass containing up to 20% arsenic by weight while meeting or exceeding the guideline of the TCLP.
DST has been issued similar patents in the Mexico, Australia, Namibia, Botswana and Zambia and has filed patent applications for this Technology in Canada and several countries in Latin America, Europe and Africa.
DST's Arsenic Vitrification Technology is becoming an attractive technique to segregate the toxic material and is opening opportunities for deposits or concentrates considered to contain too much arsenic to be exploited using conventional approaches
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