NovX21 Inc. (TSXV:NOV) is a Platinum Group Metals (PGM) recovery technology company based in Quebec, Canada. The Company offers low-cost, clean technology for the recovery of PGMs using small-footprint facilities that require a low CAPEX investment. The technology transforms PGM-rich materials into a highly-concentrated metallic powder in just a few days. NovX21’s mission is to sustainably recover recycled precious metals meeting global standards for the automobile industry.
The Company’s 50 tons per year (TPY) demonstration plant is located near Quebec City, in St-Augustin-de-Desmaures and the chemical process yields very high recoveries of PGMs, in the order of 97% and more, at lower costs and higher efficiency than conventional smelters. The Company plans to build a 200 TPY PGM Recovery Plant.
NovX21 also holds the mineral rights to six properties in Quebec, namely the Ménarik, Lac Ewart, Courville, Fabre, Tavernier and Vauquelin properties.