Ressources minieres Pro-Or Inc.

Ressources minieres Pro-Or Inc.

April 23, 2013 09:49 ET

Pro-Or Awards Pre-Feasibility Study Contract to Seneca for its Commercial Plant for the Recovery of PGMs

MONTREAL, CANADA--(Marketwired - April 23, 2013) - Pro-Or Inc. (TSX VENTURE:POI) is pleased to report that, following an industry search for qualifying groups in the field of extractive metallurgical processes, Pro-Or has awarded the pre-feasibility study to Seneca, a highly specialized engineering firm in the field of industrial processes. Seneca will put all efforts to expand the design of the current prototype plant to a planned five-reactor commercial plant for the extraction of Platinum Group Metals. The key objectives are to determine the operating cost (OPEX) and capital cost estimate (CAPEX) for the future full-scale 200 t/yr nominal plant capacity to be built.

The study is expected to be completed during the month of June 2013.

"We are pleased to collaborate with this group of independent engineers in the pre-feasibility study that will open the way to Pro-Or's commercial activities. We plan to install five reactors with one as a spare. Most importantly, the reactors will have the same nominal capacity as the current reactor that is in operation at our prototype plant. This important milestone was part of our key objectives for 2013 and demonstrates our focus on achieving our goals, fulfilling the expectations of our investors and commercial partners", said Sylvain Boulanger, President and CEO of Pro-Or.

Seneca is an independent Canadian consulting engineering firm with over 60 employees, offering engineering services in Montreal and Toronto with expertise in industrial processes and associated fields of mechanical and electrical engineering, instrumentation, and project management.

About Pro-Or

Pro-Or operates an industrial prototype plant for the recovery of Platinum Group Elements (Platinum, Palladium and Rhodium or PGMs). The plant is located near Quebec City in St-Augustin-de-Desmaures. Its patented process yields more than 97% recoveries of PGMs, is much less capital extensive but operates much more rapidly than conventional plants. Its mission is to sustainably recover recycled precious metals meeting global standards for the automobile industry.

Pro-Or also holds the mineral rights to six mining properties and has focused its exploration activities on the Menarik property in the James Bay area, in the Province of Quebec, the site of a major chromite deposit with occurrences of gold, nickel, copper and platinum group metals (PGMs).

Neither TSX Venture Exchange nor the Supplier of services regulation (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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