Latest Development update from Eureka
E-Tech Resources enters into MOU to evaluate deployment of Novamera’s Surgical Mining Technologies at Eureka Project
E-Tech Resources (“E-Tech” or the “Company”) (TSX-V:REE | FSE: K2i), a rare earth element development company which owns 100% of the Eureka Project in Namibia (the “Project”), is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with Novamera Inc. (“Novamera”) to evaluate the use of surgical mining and Novamera’s technologies as the extraction method for the Project. The MOU sets out a series of milestones that include a conceptual surgical mining economic desktop evaluation, comparative analysis to a conventional open pit, Guidance Tool calibration activities and a bulk sample. The parties expect to complete these activities within the next twelve months.
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