Mineworx Pleased with Court Decision
08 Février 2022 - 11:30AM
Mineworx Technologies Ltd. (the
“
Company” or “
Mineworx“) (TSXV:
MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) is pleased to announce
the recent decision of the Supreme Court of British Columbia (the
“Court”) in the ongoing legal proceedings between Mineworx and
EnviroMetal Technologies Inc. (“EnviroMetal”).
The Court declined to grant the broad-ranging injunctive relief
which had been sought by EnviroMetal and instead granted limited
relief that only restricts the Company’s ability to disclose
specific information to third parties.
EnviroMetal sought to have Mineworx restrained from any use of
information which EnviroMetal claimed was confidential and
proprietary in its operations. Mineworx defended the injunction
application on numerous grounds, and the Court refused to grant
such broad relief to EnviroMetal. The limited relief granted by the
Court, which is not permanent, is consistent with an alternative
proposal which was put forward by Mineworx and its legal
counsel.
Mineworx disputes the EnviroMetal alleged claim
of confidential information in the court action and has
counterclaimed for relief against EnviroMetal. In coming to its
decision, the Court recognized that Mineworx had viable arguments
that needed to be resolved at trial.
Mineworx was the sole party to tender expert
evidence in relation to the nature of the alleged confidential and
proprietary information and the Company anticipates providing
further expert evidence in support of its positions at trial.
Mineworx assessment is that the interlocutory decision will have
no impact on its work involving the pilot plant currently located
in Tennessee and as the Company continues to move forward with the
development of its catalytic converter business.
Greg Pendura, Mineworx President and CEO stated
“Mineworx is pleased with the ruling as the judge rejected various
relief requests that EnviroMetal had been seeking and we believe
that this bodes well for Mineworx as the lawsuit proceeds.”
About Mineworx
Mineworx is positioned for growth in the
catalytic converter sector through the development and
commercialization of its environmentally friendly processing
technologies for the recovery of precious metals. Initial focus is
the extraction of platinum and palladium from diesel catalytic
converters with its partner Davis Recycling Inc. For further
information go to www.mineworx.net
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information contact:
MINEWORX TECHNOLOGIES LTD.Greg PenduraPresident & CEO780
800-0726greg@mineworx.net
For Media interview requests, please
contact:
Nelson HudesHudes Communications International(905)
660-9155Nelson@hudescommunications.com
Mineworx Technologies (TSXV:MWX)
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