Mineworx Technologies Begins Pilot Plant Operations – CEO Greg Pendura (TSXV: MWX) (OTCQB: MWXRF) – RICH TV LIVE – April 20, 2022 – #mineworxtechnologies #pilotplant #richtvlive #trading #stocks #business #news #finance #education #interview #ceo #richtv – Mineworx Technologies Ltd ., (the ” Company ” or ” Mineworx “) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) is pleased to announce that the Company is commencing operations in its pilot plant located in Johnson City, Tennessee as all building and equipment permit approvals have been obtained.
Hey guys how you doing this is your boy rich from rich tv live and you too can join the club at richpixdaily.com where you can learn how to win and trade hi how’s everybody doing today i’m your host rich on behalf of rich tv live with our very special guest the ceo of mindworks technologies limited greg pandura how you doing today greg i’m doing very well rich
Thank you excited to have you on the show and congratulations you guys have been doing quite well and we’ve seen some price appreciation on the stock since we’ve been talking and that’s always nice to see and my first question greg is um can you tell us a little bit about your most exciting news over the last few months well over the last few few months or we’ve
We’ve been doing a lot actually rich actually from there into where we’re going for the next couple months we’ll the we’ll be doing a basically uh for sake of a better term uh completing the spin out transaction which some people have heard about of our spanish acid our iron or acid in spain and that’s that’s going into a into a nuko and uh it’ll be called iron
Bowl mining and uh it’s uh we’re pretty excited about that uh it’s uh it’s uh it’s gonna be led by a very senior mining team and uh all all shareholders of mine works are gonna partake into that in in a in a tax-free distribution uh concept on a based upon a ratio of how many minework shares they own which will determine how many are uh iron bull shares they
Get but uh it’ll be a huge bonus for our shareholders and uh people will be available to be partaking into that transaction until the latter part of june so if you any time you become a new mine work shareholder by then you’ll be able to partake in this spin-out transaction wow that sounds huge very exciting we’re also we’re also going to be completing our i’ll
Call it our corporate rebrand basically uh uh what we’re doing there is evolving from a a mining issuer to a technology issue where that’s that’s pretty pretty exciting for us uh uh we we’re going to be transitioning ourselves into a clean tech metal processing company and uh that’s exciting we want to be on the radar of of institutional funds that are geared
Into uh green funds environmental funds and uh i i think we’ll be uh will become a crowd favorite yeah well i know that you guys have done quite well and you’ve become a favorite for our community can you go through how the pilot plant operations is coming along uh well it’s coming along well we we had some uh permitting delays in tennessee uh but anyway we
Just received our final permits a couple days ago uh equipment building everything and uh we’re we’re proceeding along uh we’re our first stage of business there is is is testing the systems and the new components the equipment to make sure they’re all up to spec we don’t anticipate any any issues there whatsoever then we begin the process optimization phase
Of the pilot plant what that sort of means the pilot plant was initially in vancouver and uh the proof of concept of our technology was proven in vancouver uh so we sent our pilot plant down to tennessee where our joint venture partner is in tennessee uh davis recycling a very large recycler in 10 tennessee and the the the whole purpose of what’s going on in
Into tennessee will be uh optimizing the the whole system for commercialization so um and that’s that’s uh coming along fine there’ll be a continuation of their into our scale up from what we’re doing pilot size to our 10 ton per day commercial size so we’ll we will have the data we need uh by the by the very early summer if not sooner uh for what we want to uh
Need to uh to continue with our design for a commercial plant wow sounds like you guys are really busy mineworks recently announced that it sold its seahagan iron ore project can you tell us what that means for the company and its shareholders sure the uh i talked about it a little bit uh but that iron ore project is called the sahigan project that will be
A tax-free distribution to our existing shareholders and to our new shareholders until the latter part of june uh they’ll be part of this uh uh trans transaction um and as i said before iron bull is is it’s an experienced uh mining team globally uh they they’ve been involved in mining projects all over the world and uh yeah they’re they’re bringing a a a
I think a pretty high value copper project two two two iron gold mining it’ll be part of the other transaction and uh the it’s in namibia in africa it’s right beside south south africa and uh uh their their whole focus is looking at uh short-term revenue producing properties uh we believe our sahig and iron ore is going to be one of those and uh they they
Believe that the copper project is going to be one of those as well so pretty pretty exciting for our shareholders absolutely can you tell us how much money mineworks has in the bank right now and if you need to raise any money in the future or in the near future uh yeah we’ve uh we have what a half a million um we are we are looking at a a private placement
Uh uh relatively soon and that’s geared for for our our commercial plant as we go go into that so a little more details on that we’ll be go going out i’ll say latter part of spring and uh and that’ll be our our focus for the construction of the of the commercial plant have issues with inflation affected mine works at all uh well i mean it’s affecting everybody
But uh there’s we’ve got some price increases uh obviously just like anybody else uh so you know these days you’ve got uh inflation uh factors we’ve got uh uh some factors in there you have supply supply chain management uh whether it be timeline issues or whatever uh were we had some of those in the past because we had some of our equipment manufactured
Offshore but we’re focusing all our equipment now to be to be in all the components to be produced in the us so uh that’s gonna uh positively affect that in quite a few different different ways is there anything else you would want shareholders to know about mineworks today uh well you know really a lot of a lot of people aren’t really uh aware of what
The of what the size of the catalytic market is and i i think it’s important uh uh we we focused on the uh the diesel catalytic converter market for and there’s reasons why we we did that which i won’t go into now but it puts us in a very excellent position to to capture that that more marketplace but people did just think of automobiles and light trucks
As the as the catalytic converters that that’s that’s only part of of the market uh there’s also commercial trucking there’s there’s off off-road vehicles but there’s also industrial applications two of them uh one being uh we call it yellow metal and if you if you can think of the caterpillar cats those big hunks of equipment that are yellow if that’s the
Whole industry with within it within itself so you have those you have a you have a lot of a lot of off off-road stationary uh pieces of equipment that are run by by catalytic converters uh you have industrial plants uh think of you see a smoke stack there’s probably an industrial catalytic converter associated with that so it it’s a it’s a huge market um 85
Of the of the actually world supply of tantalum 85 is used annually for just for catalytic converters and in the u.s alone it’s about 2 million ounces and palladium is three hundred dollars an ounce so that’s a five billion dollar a year industry but uh only thirty percent of that is recovered so uh approximately three and a half billion dollars is lost
Annually uh going into the ground in landfills or or whatever so it’s you know it’s a huge huge market uh we believe that we have well we know we have little competition uh we’ll be the first to market and uh we have great commercial plant economics so i i i think we are positioned for for a home run i’m excited about it greg finally what is the best way for
Investors to get in touch with the company if they have any questions about mine works uh well i mean they can go on our web website they can leave an email there or else they can call me directly and i’m more than happy to talk to our shareholders and uh so either email or phone call and we’re we’ll be back in touch very very shortly fantastic now i must
Remind everyone that rich tv live is strictly for information education and entertainment purposes please do your due diligence do your research before you invest in anything we talk about or discuss here on rich tv live i’m an investor our community’s been built by investors for investors i believe everybody should be putting mineworks technologies limited
On their radar on their watch list the symbol in canada is mwx symbol in america is mwxrf i’ve been speaking to the ceo greg pandura thank you for joining us today greg thank you rich my pleasure being here always a pleasure and if you guys are not winning you’re probably not watching we bring you winners just like mine works technology’s limited which is
Up since we brought you at first and i must let you guys know if you like these videos smash the like button comment on the video share the video everywhere and subscribe this is rich from rich tv live with the ceo of mineworks technologies limited greg pandora saying have a nice day everybody we’ll see you soon you
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Mineworx Technologies Begins Pilot Plant Operations – CEO Greg Pendura (TSXV: MWX) (OTCQB: MWXRF) By RICH TV LIVE
