LONDON (Alliance News) – Alexander Mining PLC shares jumped Thursday as the company got a patent in Europe for its HyperLeach technology.
Shares were 12% higher on Thursday at a price of 0.1236 pence each.
HyperLeach is a technology which Alexander hopes to use in the leaching and extraction of base metals from sulphide ores and concentrates.
The patent has been granted to subsidiary MetaLeach Ltd, and it expects the patent to be validated in its core target countries of Germany, Poland, and Turkey. The patent has an effective date of 20 years from May 2010, when it was first filed.
Chief Executive Martin Rosser said: “The technology described in the patent has significant potential application in each of Germany, Poland and Turkey, both for sulphide deposits and for converting sulphide concentrates, the source of the majority of the world’s base metals production and resources, through to metal at the mine site.”
By George Collard; [email protected]