Press Releases

DST Receives US$1 Million Moratorium Payment for its GlassLock Process

March 30, 2021

MONTREAL, QUEBEC, March 30, 2021 – Dundee Sustainable Technologies Inc. (“DST” or the “Corporation”) (CSE: DST) is pleased to announce that it has received, from a client (the “Client"), a cash payment of US One Million Dollars (US$1,000,000) representing the second-year moratorium payment for the exclusive application of DST’s GlassLock ProcessTM (“GlassLock” or the “Technology”) on copper smelting operations.

DST has completed a successful on-site demonstration of the GlassLock ProcessTM, and delivered an engineering study for the evaluation of full-scale implementation at the Client’s smelter. Under the Agreement, the moratorium period can be extended for another three (3) years upon payment of US$1,000,000 each year, and another two (2) years upon payment of US$ 2,000,000 each year.

In accordance with the Agreement, DST maintains all rights for the application of the Technology on other precious and base metal projects (excluding copper smelters) associated with arsenic bearing minerals. DST is currently developing several of these opportunities through testing or engineering studies with other strategic partners.

“This is yet another step forward towards full commercialization of our technologies, in partnership with a well-established international gold and copper producer” said Mr. David Lemieux, the Corporation’s President and CEO.

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