MPS SIGNS A THIRD LICENSE FOR ITS GLYLEACH TECHNOLOGY (2017)

MPS SIGNS A THIRD LICENSE FOR ITS GLYLEACH TECHNOLOGY (2017)

MPS is pleased to announce that it has signed a further license for its GlyLeach technology with an undisclosed mid-cap company for treating a target deposit in Australia. The company will also have a non-exclusive right to use the technology on other projects if the initial project is a success.

Managing Director, Ivor Bryan commented that “this is further validation of the technology and it is pleasing to have a deposit within Australia to demonstrate the GlyLeach Process and an opportunity to then work closely with this company on other deposits in Australia and overseas”

An advanced test work program is underway as part of the license agreement that will then lead to the completion of a feasibility study later this year.