(TheNewswire)
MONTREAL, QUEBEC – TheNewswire- November 8, 2023 – Dundee SustainableTechnologies Inc. (“DST” or the “Corporation”)(CSE:DST) is pleased to announce that it has completed its detailedengineering mandate previously announced on July 13, 2023 ( see press release July 13,2023 ). The Corporation's proprietary GlassLock Process™(“GlassLock” or the “Technology”), designed for thestabilization of legacy arsenic-bearing material, has made significantheadway, and we are now awaiting guidance from the client’sinvestment committee.
The Corporation embarked on an important engineering mandate (the"Mandate") with a gold mining company (the “Client”)operating in West Africa. This Mandate focuses on delivering detailedengineering solutions that leverage our proprietary Glasslock Process,which has been proven to be highly effective in addressingarsenic-related challenges in the mining industry.
"We are excited to report that the engineering work under theMandate has progressed according to schedule, and we remain committedto delivering a tailored solution that aligns with the Client'soperational requirements," stated Jean-Philippe Mai, Presidentand CEO. "Our collaboration with the Client is a testament to thetrust they have in our expertise and the Technology. We are convincedabout the potential positive impact our Glasslock Process will have ontheir operations."
The detailed engineering deliverables within the Mandate are a crucialstep towards the successful commercial implementation of our GlasslockProcess. We are confident that the forthcoming developments with theClient will pave the way for the successful implementation of theTechnology at the Client’s site.
About Dundee SustainableTechnologies, a corporation controlled by Dundee Corporation
The Corporation is engaged in the development and commercialization ofenvironment-friendly technologies for the treatment of materials inthe mining industry. Through the development of patented, proprietaryprocesses, DST extracts precious and base metals from mineralizedmaterial, concentrates and tailings, while stabilizing contaminantssuch as arsenic, which could not otherwise be extracted or stabilizedwith 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. Jean-Philippe Mai
President and CEO
Dundee Sustainable Technologies Inc.
Tel: (514) 866-6001 # 228
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 of preparation, may prove to be imprecise and, assuch, undue reliance should not be placed on forward-lookingstatements. The Corporation expressly disclaims any intention orobligation to update or revise any forward-looking statements whetheras a result of new information, future events or otherwise, except asrequired 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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