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NOV

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Share Name Share Symbol Market Type
TSXV:NOV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

NovX21's Quebec Plant Will Be Fed by European and North American Catalytic Converters Suppliers

20/05/2014 12:00pm

Marketwired Canada


NovX21 Inc. (TSX VENTURE:NOV) is pleased to announce that European and North
American suppliers of catalytic converters met in recent months have expressed
their interest in NovX21's technology by sending material to the
Saint-Augustin-de-Desmaures plant. This supply, which will be processed at our
existing plant, shows that suppliers of catalytic converters are seeking to meet
new environmental standards through the use of green technology. Treatment of
these catalysts using NovX21's innovative process will allow providers to
appreciate our technology's performance and the purity of the PGM-rich metal
powder produced.


The next step in this collaboration would be the signature of long-term supply
agreements for NovX21's new plant.


The Saint-Augustin plant upgrade has been completed and reflects the
improvements needed for the new plant. St-Augustin is now using equipment
specifically designed to provide significant improvements to our process,
allowing us to reduce capital and operating costs and operating time. Several
components designed by our engineers, as well as the data on these adjustments,
enhance our intellectual property and remain trade secrets. The equipment has
been designed and manufactured in Quebec by various contractors.


About NovX21

NovX21 operates an industrial prototype plant for the recovery of Platinum Group
Elements (Platinum, Palladium and Rhodium, or PGMs). The plant is located near
Quebec City in St-Augustin-de-Desmaures. Its patented process yields more than
97% recoveries of PGMs, and is not only much less capital extensive but also
operates much more rapidly than conventional plants, thus dramatically lowering
the amount of time that its customers' capital is tied up as work-in-process
inventory. NovX21's mission is to sustainably recover precious metals by
recycling end-of-life PGM containing components while meeting global "green"
standards for the automobile industry.


NovX21 also holds the mineral rights to six mining properties and has focused
its exploration activities on the Menarik property in the James Bay area, in the
Province of Quebec, the site of a major chromite deposit with occurrences of
gold, nickel, copper and PGMs. The use of NovX21's patented; proprietary
processes for such deposits may lead to a breakthrough in low-cost primary
metallurgy in the near future.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sylvain Boulanger, P.Eng.
President & CEO
info@novx21.com
(514) 282-2110


Nicole Blanchard, Managing Partner
Sun International Communications
nicole.blanchard@isuncomm.com
(450) 973-6600

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