Metals Update 26/07/2021

EnCore’s Group 11 closes $1M (U.S.) financing

Group 11 Technologies Inc., a private U.S.-based company held 40 per cent, prefinancing, by EnCore Energy Corp., has completed a $1-million (U.S.) financing with accredited investors. Proceeds will advance test work to assess the amenability and recovery rates for gold extraction through the combination of in situ recovery technology and an environmentally friendly water-based solution.

Register for live webcast — July 26, 2021

Management of GFG and Group 11 will host a webcast on Monday, July 26, 2021, at 2:30 p.m. Eastern Standard Time (11:30 a.m. Pacific Standard Time) to discuss Group 11’s innovative technology and the coming programs.

After registering, you will receive a confirmation e=mail containing details to access the webinar via conference call or webcast. A replay of the webcast will be available following the conclusion of the call.

Golden Predator investment Group 11 completes financing

Group 11 Technologies Inc., a private U.S.-based company held 20 per cent, prefinancing, by Golden Predator Mining Corp., has completed a $1-million (U.S.) financing with accredited investors. Proceeds will advance test work to assess the amenability and recovery rates for gold extraction through the combination of in situ recovery technology and an environmentally friendly water-based solution.

About Group 11 Technologies Inc.

Group 11 is a private U.S.-based company committed to the development and application of environmentally and socially responsible precious metal mineral extraction. The combination of in situ recovery extraction (ISR) technology and environmentally friendly water-based chemistry to recover gold and other metals provides a promising alternative solution to conventional open-pit and underground mineral extraction. The goal of advancing sustainable extraction considers growing concerns surrounding water use and discharge, carbon footprint, energy consumption, community stakeholders, and workplace safety while addressing a growing global need for metals in people’s daily lives. Group 11 was founded by Enviroleach Technologies Inc., Encore Energy Corp. and Golden Predator Mining.

Group 11 is a group of elements in the periodic table, also known as the coinage metals, consisting of gold, silver and copper.