FOR IMMEDIATE RELEASE
Lima, Peru and Calgary, Canada– Nexa Resources (NYSE:NEXA) (“Nexa”), a leading global mining company, and EnviCore Inc. (“EnviCore”), an innovative environmental solutions provider, are pleased to announce their strategic collaboration to repurpose mining tailings into high-quality cementitious materials. This groundbreaking partnership represents a major advancement in sustainability within the mining sector.
By combining Nexa's extensive mining expertise with EnviCore's cutting-edge technological solutions, the collaboration aims to address one of the mining industry's most critical environmental challenges: the responsible management and utilization of mining tailings. These tailings, which are by-products of mining operations, will be transformed into cementitious materials, offering a sustainable alternative to traditional cement usage. Preliminary testing conducted by a Peruvian cement company has shown that replacing up to 30% of cement with tailings-cementitious material in a mortar mix demonstrated similar strength to a control cement sample.
After the successful validation of EnviCore’s technology by a third-party cement company, Nexa and EnviCore signed an MOU last year to deploy the technology at scale. This validation marks a paradigm shift in the mining industry, highlighting a shared commitment to environmental stewardship and the development of sustainable solutions. Through the implementation of advanced technologies and extensive research, this collaboration aims to reduce the environmental impact associated with mining activities while promoting a circular economy model.
Both Nexa and EnviCore are dedicated to fostering a circular economy by embracing innovative approaches that go beyond mere compliance with environmental regulations. This partnership represents a shared vision for sustainable mining practices that prioritize environmental responsibility while generating positive social and economic benefits.
"Partnering with Nexa Resources to repurpose mining tailings perfectly aligns with our mission to provide innovative and sustainable minerals repurposing solutions”, said Shahrukh Shamim, CEO and Co-Founder of EnviCore. "Together, we are demonstrating that responsible mining practices and environmental stewardship can coexist, paving the way for a more sustainable future."
Caio Moreira Van Deursen, Innovation manager at Nexa Resources said, "We are excited to embark on this transformative collaboration with EnviCore. By repurposing mining tailings into cementitious materials, we are taking a significant step towards our sustainability goals, contributing to a greener future for the mining industry."
About Nexa Resources:
Nexa Resources is one of the largest zinc producers in the world. It has been operating for over 65 years in the mining and metallurgy segments, with operations located in Brazil and Peru and offices in Luxembourg and the United States, supplying its products to all continents in the world. Its employees act, every day, focused on building the mining of the future, to be increasingly sustainable, innovative and with the best safety practices and respect for people and the environment. Since 2017, its shares have been traded on the New York Stock Exchanges, its majority shareholder being Votorantim S.A. For more information, visit the Nexa website.
About EnviCore Inc:
EnviCore is a Calgary, Alberta based growing technology company offering innovative and sustainable by-product treatment solutions with superior performance, efficiency, and valuable repurposing. Providing a low-cost and environmentally friendly alternative, changing the adverse narrative associated with industrial waste materials. EnviCore's technology is based on a transformational approach to converting a diverse set of mineral feedstocks into SCMs at low temperatures. The technology involves processing multiple types of mineral feed at low temperatures to achieve activation and successful partial replacement of cement in a concrete mix without sacrificing its early strength.
For additional information on EnviCore, please visit the Company’s website at www.envicoreinc.com
CEO and Co-Founder
Tel: +1 587 966 3080
Caio Moreira Van Deursen
Tel: +55 11 997145978
This press release contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that Nexa Resources and EnviCore believe, expect or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Nexa Resources and EnviCore based on information currently available. Such forward-looking statements include statements relating to the development of the technology for tailings repurposing, the potential of the technology to transform tailings into supplementary cementitious materials, the ability of the technology to meet environmental and safety requirements, and the potential for the technology to create value for stakeholders. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Nexa Resources and EnviCore.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Nexa Resources and EnviCore disclaim any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Nexa Resources and EnviCore believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.