SOURCE: Raptor Technology Group, Inc.

February 09, 2011 17:23 ET

Raptor Technology Group Provides Progress Report on Mineral Recovery Contract With Washoe Custom Processing LLC

GROVELAND, FL--(Marketwire - February 9, 2011) - Raptor Technology Group, Inc. (OTCBB: RAPT) today provided an update on its proprietary mineral recovery process as it impacts its recently announced long term contract with Washoe Custom Processing LLC. Raptor's founding members have over 15 years experience in developing our proprietary recovery technology. This proprietary technology has proven to capture on average in excess of 60% - 70% of the metals in hard rock ore deposits processed to date.

Over the last 30 days, Washoe Custom Processing LLC has delivered over 100 tons of mine tailings to Raptor's Groveland facility. Raptor has processed over 20 tons of ore from the Washoe Custom Processing site with an estimated dollar value of $25,000 per ton. This represents a variety of rare earth minerals recovered including gold, platinum, rhodium, rare earth oxides and similar high-value metals. The company has retained INX Labs, who will provide an independent third party analysis of the Washoe Custom Processing site. Samples are taken from the site by utilizing a geological grid, and then sent to INX Labs to determine OZs per ton of platinum group metals (PGMs). Raptor is currently constructing an additional plant in Groveland with the goal of completing a state of the art facility that would process in excess of 10,000 tons per year.

"Raptor Technology believes that substantial value exists for those who are now establishing major positions in gold, platinum, palladium, rhodium, rare earth oxides and similar high-value metals. This is a huge step forward in the United States' independence for materials," said Tom Gleason, President of Raptor Technology Group. "Our Chief Technology Officer Dwayne Dundore, PhD, has spent several years fine tuning this technology and preparing it for commercialization. The numerous patents which we have now filed speak for the technology's sustainability and success."

In addition to cost saving, by using reclaimed mine waste and recycling almost all chemicals used for minerals processing, the company will help to protect one of earth's most precious resources, clean fresh water.

About Raptor Technology Group, Inc.
Raptor Technology Group, Inc. is a technology supplier that provides eco-friendly and green solutions to global issues. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer. Additional proprietary technology has also been developed to recover rare earth minerals from endless miles of mine tailings. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably.

Raptor has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor as a leader in alternative energy and remediation sectors. 

Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.

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