Tickers: XCNQ:DST, PINX:DNDDF
Tags: #Mining, #Technology
MONTREAL, QUEBEC - TheNewswire - September 4, 2019 - Dundee Sustainable Technologies Inc. ("DST" or the "Corporation") (CNSX:DST.CN) is pleased to report the announcement of the plan from the governments of Canada, the Yukon and the North-West Territories to invest $2.2 billion over the next 20 years in the clean up of eight (8) abandoned mine sites. The largest of these sites is the Giant Mine in Yellowknife, where DST's GlassLock ProcessTM was rated as the top-ranked dust stabilization and processing method in an independent study conducted by Arcadis Canada Inc., an engineering firm in Canada.
Mr. Brian Howlett, President and CEO commented, "DST's GlassLock ProcessTM is well-suited to address the arsenic contamination issues around these abandoned mine sites by providing a permanent and stable solution to arsenic dusts and contamination."
For its part, DST is working on the following initiatives to further strengthen the GlassLock ProcessTM brand;
a. DST is finalizing the industrial demonstration program at a metals processing facility in Africa and is looking forward to finalizing the report on the campaign in the coming months.
b.DST expects to be working on some laboratory scale samples for the Giant Mine Oversight Board, where it will be compared against two competing alternatives in the very near future.
c.DST is seeking engineering and environmental consulting partners in the remediation industry to address the challenges of the mine clean up.
About Dundee Sustainable Technologies, a corporation controlled by Dundee Corporation
The Corporation is engaged in the development and commercialization of environment-friendly technologies for the treatment of materials in the mining industry. Through the development of patented, proprietary processes, DST extracts precious and base metals from mineralized material, concentrates and tailings, while stabilizing contaminants such as arsenic, which could not otherwise be extracted or stabilized with conventional processes because of metallurgical issues or environmental considerations.
DST has filed, published and was granted patents for these processes in numerous countries.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Brian Howlett
President and CEO
Dundee Sustainable Technologies Inc.
Tel: (514) 866-6001 # 239
Cell: (647) 227-3035
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: general market and industry conditions, risks related to continuous operations and to commercialization of new technologies and other risks disclosed in the Corporation's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any 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 Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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