IRVINE, CA--(Marketwired - August 15, 2014) - Vivakor Inc. (PINKSHEETS: VIVK) announced today its newest version of the precious metals extraction machine is at the operations facility in Henderson, NV.
This latest machine is capable of processing up to 20 tons of ore per day through the highly productive efficiency of Vivakor's proprietary, industry disruptive technology and method for extraction of Precious Metals. The new machine while in the quality control and assurance phase will largely increase the total yield per tonnage processed by Vivakor. With two machines processing precious metals and with more units slated to come online in the future, the asset valuation for Vivakor continues to increase every quarter. The yield estimates for the new machine are for processing in a range between 5-20 tons of ore per day.
Specifically, Vivakor currently realizes a very strong 10 oz. (310 grams) gold equivalent yield per ton of ore processed through a highly efficient and optimized extraction method. Vivakor's technology is proprietary and is proven industry disruptive with a low cost basis per ton of ore processed from 18 sizable mining claims throughout Arizona and Colorado that have substantial in-ground valuation. The global industry average yield is merely 2 grams per ton processed with high operating costs.
Chairman and CEO Matt Nicosia stated, "We are pleased about our ability to position our metals extraction business unit for greater growth. Higher operational capacity and production output increases total asset value for the company quarter over quarter. This is very positive for our shareholders and that is always welcome news to them. We have been able to execute on our long-range plans and we're proud of our team's effort."
ABOUT VIVAKOR, INC.
Vivakor, Inc. (PINKSHEETS: VIVK) is an Asset Acquisition company that develops and acquires resources that generate revenue currently or in the near term. The Company acquires technologies and assets primarily in the field of Natural Resources. Vivakor has mineral assets that have great value and create cash flow and long term revenue for the Company. Additionally, the Company has effectively acquired positions in other Green Energy companies. For more information please visit www.vivakor.com.
This press release may contain forward-looking statements, including, but not limited to, statements regarding Vivakor's products and their related market potential. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the Securities and Exchange Commission, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Vivakor undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.