(TheNewswire)
MONTREAL, QUEBEC – TheNewswire - March 30,2021 – Dundee Sustainable Technologies Inc. (“ DST ” or the “ Corporation ”) (CSE:DST) (CNSX:DST.CN) is pleased to announce that it hasreceived, from a client (the “Client"), a cash payment of USOne Million Dollars (US$1,000,000) representing the second-yearmoratorium payment for the exclusive application of DST’s GlassLockProcess TM (“GlassLock”or the “Technology”) on copper smelting operations.
DST has completed a successful on-site demonstration of the GlassLockProcess TM , and deliveredan engineering study for the evaluation of full-scale implementationat the Client’s smelter. Under the Agreement, the moratorium periodcan be extended for another three (3) years upon payment ofUS$1,000,000 each year, and another two (2) years upon payment of US$2,000,000 each year.
In accordance with the Agreement, DST maintains all rights for theapplication of the Technology on other precious and base metalprojects (excluding copper smelters) associated with arsenic bearingminerals. DST is currently developing several of these opportunitiesthrough testing or engineering studies with other strategic partners.
“This is yet another step forward towards fullcommercialization of our technologies, in partnership with awell-established international gold and copper producer” said Mr.David Lemieux, the Corporation’s President and CEO.
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 has been 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.
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