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This is equivalent to over 12 million cubic yards of mineable materials, representing over 25 million tons of potentially mined ore.Ībout Raptor Technology Group, Inc. The Washoe sites' surface ore deposit covers 300 acres, and runs to depth of 25 feet. market without relying on importation," said Tom Gleason, President of Raptor. This venture is the first step in enabling us to deliver valuable rare earth minerals and precious metals to the U.S. "Our contract with Washoe will allow us to utilize our technology platform to make recovery of rare earth minerals and precious metals an economically viable operation. In addition to its low cost of mineral recovery, the process allows for over 95% recycling of the chemicals used in extraction. The Raptor process uses advanced chromatography and innovative separation technologies that allow for the recovery of more precious and rare earth metals that were previously too expensive to remove from mine tailings. Raptor has received several tons of mine tailings from Washoe into its Florida facility for processing. The recovery process targets gold, platinum, palladium, rhodium and rare earth oxides. Using Raptor's patent pending mineral recovery method, the Company expects to capture 60-70% of the precious metals that are in the hard rock ore deposits from the Washoe mine tailings. This contract will allow Raptor to process more than 2,000 tons of ore per year. ("Raptor") has signed a long term contract with Washoe Custom Processing, LLC, a Salt Lake City, Utah based mineral operation. (OTCBB: RAPT) today announced the company it is in the process of acquiring, Raptor Fabrication and Equipment, Inc. to complete the acquisition of Raptor Fabrication and Equipment, Inc.Ĭontact Raptor Technology Group, Inc. common stock, the ability to obtain the necessary financing and the failure of Raptor Technology Group, Inc. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of Raptor Technology Group, Inc. Some or all of the results anticipated by these forward-looking statements may not occur. and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition of Raptor Fabrication and Equipment, Inc. as a leader in alternative energy and remediation sectors. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor Technology Group, FE. Raptor Fabrication and Equipment has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably. Additional patent pending technology has also been developed to recover rare earth minerals from endless miles of mine tailings. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer.
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has signed a "Plan of Merger Agreement" with Raptor Fabrication and Equipment and is a technology supplier that provides eco-friendly and green solutions to global issues. "With the reinstatement of the federal biodiesel tax-credit and facilities we currently have in production for customers, 2011 is expected to be a strong year for Raptor," added Gleason.Ībout Raptor Technology Group, Inc. "The Greenwave plant is our first launch of the new year and we have introduced exciting new remote monitoring technology in the plant giving us the ability to monitor production and diagnose any problems increasing overall production and customer satisfaction," said Tom Gleason, President and CEO of Raptor Fabrication and Equipment. System production can be remotely monitored by Raptor to insure maximum efficiency and up-time. The Greenwave facility utilizes Raptor's flagship mid-sized, multi-feedstock production system and is capable of producing 3.6 million gallons of biodiesel per year. The facility successfully produced its first batch of ASTM certified biodiesel and will now begin its commercial production of biodiesel fuel. ("Raptor"), has started up its newest biodiesel plant for its customer, Greenwave Biodiesel of Fort Lauderdale, Florida. (OTCBB: RAPT) today announced that the company it is in the process of acquiring, Raptor Fabrication and Equipment, Inc.