(TheNewswire)
MONTREAL, QUEBEC – TheNewswire - May 12, 2021– Dundee Sustainable Technologies Inc. (“ DST ” or the “ Corporation ”) (CSE:DST) (CNSX:DST.CN) (OTC: DNDDF ) ispleased to announce that it has entered into a tolling contractagreement (the “Contract”) for the processing of a minimum of 180tonnes of high-grade gold bearing material at its facilities inThetford Mines, Canada. The tolling program (the “Program”) willbe conducted on material from a Senior Canadian Gold Mining Company(the “Gold Company”) and administrated by an International MetalTrading Company (the “Metal Trader”) with whom DST executed theContract.
The Program will be conducted on high-grade gold material (the“Material”) produced by the Gold Company. The Material is known tocontain 270 g/t of gold, on average, with a minimum of 25 g/t and amaximum of 1,900 g/t of gold, along with silver content of greaterthan 500 g/t. The Program follows previous laboratory and pilotingtest work on the Material that confirmed the amenability to produce aclean gold product.
“We are pleased with the execution of this agreementwhich once again demonstrates DST’s technical expertise, industrialprocessing capabilities and ability to operate within the gold miningsector alongside key industry players,” said Mr. David Lemieux,President and CEO.
DST’s plant is currently being updated to execute this Contractwhich is expected to last until Q4-2021.
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™.
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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