NovX21 Inc. (TSXV:NOV) Investor Relations Nicole Blanchard spoke to Resource Investing News about its focus on a new patented technology to quickly and ecologically recover precious metals from recycled materials. NovX21 recently signed an agreement with Corporation d’initiative et de développement économique de la Ville de Thetford Mines for the plant’s development.
NovX21’s strategy is focused on vertical integration with refiners and partners who can supply large volumes of catalytic converters. NovX21 uses a new patented chlorination technology to quickly and ecologically recover precious metals from recycled materials. The technology transforms PGE-rich materials into a highly-concentrated metallic powder in just a few days, recycling over 97% of PGM content. The product is sent to a refiner to be separated into the three most important precious metals from the Platinum Group: platinum, palladium and rhodium.