CEO of
Mineworx Technologies, Greg Pendura, is Featured on The Stock Day
Podcast
Phoenix,
2021 -- InvestorsHub NewsWire -- The Stock Day Podcast
welcomed Mineworx Technologies Ltd. (MWXRF)("the Company"), a company
positioned for
growth in the catalytic converter and mining sectors through the
development and commercialization of its proprietary,
environmentally friendly processing technologies for the recovery
of precious metals. CEO of the Company, Greg
Pendura,
joined Stock Day host Everett Jolly.
Jolly began the
interview by asking about the Company's background and current
projects. "We got our roots in the junior mining sector many years
ago," shared Pendura. "We've basically evolved from that into a
material processing company," he continued. "We have various
technologies that are patent-pending in the material processing
side," added Pendura. "We have also evolved from the mining
industry into a more industrial sector, which is the automotive
catalytic converter sector. We anticipate significant growth
happening from a business perspective."
"What are your
thoughts on the next two to four quarters?", asked Jolly. "We have
transitioned into a leading role in the recovery of platinum and
palladium from diesel catalytic converters," said Pendura, before
elaborating on the Company's decision to transition to this sector.
"With the current prices of platinum at $1,000 per ounce and
palladium at $2,000 per ounce, it is a huge market."
"Why did you form
the joint venture with Davis Recycling in Tennessee?", asked Jolly.
"We have been working with Davis Recycling for close to three years
now," said Pendura. "They are actually the company that brought the
opportunity of diesel catalytic conversion to us," he continued,
adding that the Company has been working to process the catalytic
converters in an eco-friendly manner.
"The most important
aspect of this business is supply chain management," said Pendura.
"Luckily, we found a partner that we feel very strongly
about
and they have
supported us," he shared. "We anticipate a strong relationship with
them moving forward."
"Why is this an
exciting opportunity for new and existing shareholders moving
forward?", asked Jolly. "We will be the first eco-friendly solution
in North America," shared Pendura. "Our commercial plant will be
producing approximately ten tonnes
per day of spent
diesel catalytic converters," he continued. "Our revenues could
exceed $100 million," said Pendura. "These are phenomenal numbers
from a business perspective, there's growth beyond North
America, we're first to market, and it's a growing $25 billion
market."
"When do you expect
revenues to start showing up on the balance sheet?", asked Jolly.
Pendura shared that the Company expects revenues to begin showing
up in the fourth quarter of this year from their pilot plant, while
their commercial plant is expected to be in full production in the
second quarter of 2022.
To close the
interview, Pendura encouraged listeners and shareholders to
keep up-to-date on the Company's updates and
current projects as they continue to grow and expand.
To
hear Greg Pendura's
entire
interview, follow the link to the podcast here:
https://audioboom.com/posts/7930476-ceo-of-mineworx-technologies-greg-pendura-is-featured-on-the-stock-day-podcast
Investors Hangout
is a proud sponsor of "Stock Day," and Stock Day Media encourages
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https://investorshangout.com/
About
Mineworx
Mineworx
is
positioned for growth in the catalytic converter and mining sectors
through the development and commercialization of its proprietary,
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 and will be building its first commercial extraction
facility in Tennessee, USA. The company is also furthering the
development of a historic iron ore concession in which it holds a
100% interest in South-Eastern Spain. 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
Pendura
President and
CEO
(780)
800-0726
greg@mineworx.net
About
The "Stock Day" Podcast
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