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DST announces licensing agreement with Newmont Corp.

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Global Mining Review,

Dundee Sustainable Technologies Inc. (DST) has announced that it has entered into a technology transfer licensing agreement (the agreement) with Newmont Corp. for the utilisation of DST’s cyanide free gold extraction, known as the CLEVR ProcessTM.

“We are very pleased to announce this agreement with Newmont which is the culmination of much work and dialogue between our companies. Our collaboration with a global gold producer is the result of years of continuous efforts in developing an innovative and technically sound process for the industry,” said David Lemieux, President and CEO of DST.

“[The] announcement is further validation of DST’s CLEVR Process as one of the leading cyanide free alternatives for the gold industry, and it represents an important milestone in the early stage adoption and understanding of our technology by a world leading gold company,” added Lemieux.

DST has been in ongoing discussions and technology review with Newmont regarding its CLEVR gold extraction process to evaluate and quantify its applicability on projects selected by Newmont. Following a successful test work programme in 1Q20, Newmont expressed its interest towards the execution of a technology transfer licensing agreement allowing Newmont to conduct laboratory CLEVR leaching tests in its technical facilities in Englewood, Colorado, US.

As part of the agreement, DST and Newmont, agreed to:

  • A 2 year, non-exclusive license for the utilisation of CLEVR at the laboratory scale in its Colorado technical facilities with an option to renew, for an additional 2 year period under the same terms.
  • Technology implementation support by DST, including all technology laboratory protocols in addition to technical training sessions to initiate and support the technology transfer and practical operations.
  • Ongoing technology support and for DST to review the laboratory test plans, execution, and results conducted by Newmont.
  • Any process scaling-up requirements, resulting from positive applications of CLEVR, will be conducted jointly with Newmont at DST’s technical facilities in Canada and/or onsite using DST’s technology and engineering group expertise.

The objective of the agreement is to facilitate the adoption, understanding and application of CLEVR on various gold projects being, or to be, developed by Newmont. The agreement was executed on 25 November 2020.

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