(TheNewswire)
MONTREAL, QUEBEC – TheNewswire - December 17, 2020 – Dundee SustainableTechnologies Inc. (“DST” or the “Corporation”) (CSE:DST) (CNSX:DST.CN)(OTC:DNDDF) is pleased to announce that it has entered into aTechnology Transfer Licensing Agreement (the “Agreement”) withNewmont Corporation (NYSE: NEM, TSX: NGT) (“ Newmont ”) for the utilization ofDST’s cyanide free gold extraction, known as the CLEVR Process™(“CLEVR” or the “Technology”).
“We are very pleased to announce this agreement withNewmont which is the culmination of much work and dialogue between ourcompanies. Our collaboration with a global gold producer is the resultof years of continuous efforts in developing an innovative andtechnically sound process for the industry,” said David Lemieux,President and CEO.
“Today’s announcement is further validation ofDST’s CLEVR Process as one of the leading cyanide free alternativesfor the gold industry, and it represents an important milestone in theearly stage adoption and understanding of our technology by a worldleading gold company,” added Mr. Lemieux.
DST has been in ongoing discussions and technology review with Newmontregarding its CLEVR gold extraction process to evaluate and quantifyits applicability on projects selected by Newmont. Following asuccessful test work program in Q1-2020, Newmont expressed itsinterest towards the execution of a Technology Transfer LicensingAgreement allowing Newmont to conduct laboratory CLEVR leaching testsin its technical facilities in Englewood, Colorado.
As part of the Agreement, DST and Newmont, agreed to:
-
- A two (2) year, non-exclusive license for theutilisation of CLEVR at the laboratory scale in its Colorado technicalfacilities with an option to renew, for an additional two (2) yearperiod under the same terms ;
- Technology implementation support by DST, includingall Technology laboratory protocols in addition to technical trainingsessions to initiate and support the Technology transfer and practicaloperations;
- Ongoing Technology support and for DST to review thelaboratory test plans, execution, and results conducted by Newmont;and
- Any process scaling -up requirements, resulting frompositive applications of CLEVR, will be conducted jointly with Newmont at DST’s technicalfacilities in Canada and/or onsite using DST’s Technology and engineeringgroup expertise.
The objective of the Agreement is to facilitate the adoption,understanding and application of CLEVR on various gold projects being,or to be, developed by Newmont. The Agreement has been executed onNovember 25, 2020.
About Newmont
Newmont is the world’s leading gold company and a producer ofcopper, silver, zinc and lead. The Company’s world-class portfolioof assets, prospects and talent is anchored in favorable miningjurisdictions in North America, South America, Australia and Africa.Newmont is the only gold producer listed in the S&P 500 Index andis widely recognized for its principled environmental, social andgovernance practices. The Company is an industry leader in valuecreation, supported by robust safety standards, superior execution andtechnical expertise. Newmont was founded in 1921 and has been publiclytraded since 1925.
About Dundee Sustainable Technologies
The Corporation is engaged in the development and commercialisation ofenvironment-friendly technologies for the treatment of materials inthe mining industry. Through the development of patented, proprietaryprocesses, DST extracts precious and base metals from mineralisedmaterial, concentrates and tailings, while stabilising contaminantssuch as arsenic, which could not otherwise be extracted or stabilisedwith conventional processes because of metallurgical issues orenvironmental considerations.
DST has filed, published, and was granted patents for the CLEVRProcess™ and GlassLock Process™ in numerous countries.
FOR FURTHER INFORMATION PLEASECONTACT:
Mr. David Lemieux
President and CEO
Dundee Sustainable Technologies Inc.
Tel: (418) 423-7247 # 227
Cell: (418) 331-0486
FORWARD LOOKING STATEMENTS: This press release containsforward-looking statements that address future events and conditions,which are subject to various risks and uncertainties. Actual resultscould differ materially from those anticipated in such forward-lookingstatements as a result of numerous factors, some of which may bebeyond the Corporation’s control. These factors include generalmarket and industry conditions, risks related to continuous operationsand to commercialization of new technologies and other risks disclosedin the Corporation's filings with Canadian SecuritiesRegulators.
Forward-looking statements are based on theexpectations and opinions of the Corporation's management on the datethe statements are made. The assumptions used in the preparation ofsuch statements, although considered reasonable at the time ofpreparation, may prove to be imprecise and, as such, undue relianceshould not be placed on forward-looking statements. The Corporationexpressly disclaims any intention or obligation to update or reviseany 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 RegulationServices Provider (as that term is defined in the policies of the CSE)accepts responsibility for the adequacy or accuracy of thisrelease.
Copyright (c) 2020 TheNewswire - All rights reserved.