TORONTO, ONTARIO--(Marketwire - Feb. 15, 2013) - Today, Yava Technologies announced that it received funding of $400,000 from the Government of Canada through Sustainable Development Technology Canada (SDTC) for the development of an innovative mineral recovery process that is cost effective and environmentally friendly.
Concentrating, smelting and refining are processes currently used by the mining industry to recover valuable minerals from mined ore. The processes produce toxic pollutants, GHGs and air contaminants; not to mention that the capital and operating costs involved can be enormous and have a significant impact on the profitability of mining operations. Yava Technologies has developed a low-cost, environmentally-friendly process that could allow producers to avoid concentrating, smelting and traditional refining while enabling the processing of even lower grade material than is currently economically viable as well as remediating existing waste piles and tailings.
"Our Government is doing its part to encourage innovation and the next wave of clean technologies to help protect our environment and create high-quality jobs," said the Honourable Joe Oliver, Canada's Minister of Natural Resources. "Investment in projects such as these demonstrates our leadership in driving a vibrant clean technology industry in Canada."
"Yava Technologies is pleased to receive support from the Government of Canada through SDTC. The development of our new mineral recovery process is a low-cost and safe alternative to traditional recovery methods," said Bob Pepper, President & CEO Yava Technologies Inc. "Thanks to Government of Canada investments in clean technologies, companies like Yava Technologies receive the support they need to develop innovative processes that contribute to a greener more sustainable Canada."
This project will see the design, building and testing of a pilot plant to produce zinc in a value added form tailored to exacting industrial specifications. The process could potentially also be applied to recovering other metals such as gold, silver, copper, nickel, cobalt and lead.
The $400,000 in funding received by Yava Technologies was a part of a $61.8 million investment announced today by the Government of Canada to support 23 clean technology projects across Canada.
"SDTC is proud to add this project to its portfolio, now valued at more than $2 billion. When purchased and used by Canadian industry, the clean technologies developed by portfolio companies will enable a variety of sectors to increase their share of global markets," said Dr. Vicky Sharpe, President and CEO of SDTC. "As Canada works to diversify its export markets, working with new trading partners in emerging countries, these innovative technologies will help make Canadian natural resources and products more globally attractive and competitive."
About Yava Technologies
Yava Technologies Inc. has developed a high-tech, environmentally friendly, mineral recovery process that has the potential to raise the global mining and mineral processing industries to much higher levels of efficiency and environmental friendliness.
Yava's technology eliminates the need for traditional mining equipment such as concentrators and smelters along with the enormous costs and pollution that result from their use and yet is designed to produce high profit, value added products for a variety of industries.
On behalf of the Government of Canada, Sustainable Development Technology Canada helps commercialize Canadian clean technologies, readying them for growth and export markets. With a portfolio of companies under management valued at more than $2 billion, SDTC is positioning cleantech as a driver of jobs, productivity and economic prosperity.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $590 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC works with the private sector, the financial sector and all levels of government to meet the Government of Canada's commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates as a not-for-profit corporation.