(TheNewswire)
MONTREAL, QUEBEC – TheNewswire - October 29,2021 – Dundee Sustainable Technologies Inc. (“ DST ” or the “ Corporation ”) (CSE:DST) (CNSX:DST.CN) (OTC: DNDDF ) ispleased to announce that it has successfully commenced the operationphase of a tolling contract agreement (the “Contract”) for theprocessing of 230 tonnes of high-grade gold bearing material at itsfacilities in Thetford Mines, Canada.
The contract consisted in the design, construction, and operation of anew rotary kiln furnace to process the material. The constructionphase spanned over a 4-month period and allowed for a fullyoperational 2 feet (60 cm) internal diameter by 25 feet (7.60 m) longrotary kiln furnace to be constructed and fully commissioned by DST. The circuit includes a feeding system and a cooling screw and isdesigned to operate at a temperature of up to 900°C and a feed rateof up to 150 kg/hr of material.
The tolling program (the “Program”), as previously mentioned inDST May 12 th Press release( http://dundeetechnologies.com/dst-announces-tolling-contract-for-180-tonnes-of-material-containing-270-g-t-gold )will be conducted on material from a Senior Canadian Gold MiningCompany (the “Gold Company”) and administrated by an InternationalMetal Trading Company (the “Metal Trader”) with whom DST executedthe Contract.
Between May and June 2021, a total of 230 tonnes of high-grade goldmaterial (the “Material”) produced by the Gold Company wasreceived at DST facilities. The Material is known to contain 270 g/tof gold, on average, with a minimum of 25 g/t and a maximum of 1,900g/t of gold, along with silver content of greater than 500 g/t. Thecurrent operation phase is expected to continue over a period of 6months and will produce a clean gold product.
This Contract is part of DST’s strategy to leverage its key assetlocated in Thetford Mines, Quebec, in order to generate revenues whilethe Corporation continues along the path to commercializing itsGlassLock Process™ and CLEVR Process™.
DST is also announcing, with effect on October 31, 2021, theresignation of Mrs. Patricia Osorio as Corporate Secretary of theCorporation to pursue other opportunities. David Lemieux, Presidentand CEO stated “On behalf of the DST’s team and the Board ofDirectors we wish to thank Patricia for her dedicated work and we wishher the best in her future endeavours”. Mr. Arved Marin, ChiefFinancial Officer has been appointed as Interim Corporate Secretary,effective November 1, 2021.
About Dundee SustainableTechnologies, a corporation controlled by Dundee Corporation
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 GlassLockProcess™ and CLEVR 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.
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