Raptor and Eco to Commercialise Mineral Recovery Technology

21 February 2011 (Last Updated February 21st, 2011 18:30)

Raptor Technology subsidiary, D&D Mining has signed a contract with Eco Ventures Group (EVG) to commercialise Raptor's mineral recovery technology. EVG will provide funding, management and business development services to build and operate a 10,000t/y mineral recovery facility using

Raptor Technology subsidiary, D&D Mining has signed a contract with Eco Ventures Group (EVG) to commercialise Raptor's mineral recovery technology.

EVG will provide funding, management and business development services to build and operate a 10,000t/y mineral recovery facility using Raptor's proprietary, patent pending recovery process.

D&D Mining has developed advanced chromatography and a combination of innovative separation technologies that will recover precious and rare earth metals from mine tailings.

Eco Ventures Group and Raptor will construct the mineral recovery facility in a leased 21,000ft² building in Florida and expects the plant to be operational within 90 days of construction.

The completion of the plant will increase Raptor's production rate from 2,000t to 10,000t/y.