Aveng Limited acquired a 51% stake in EESTech Africa Ltd from EESTech, Inc..

EESTech, Inc. is a development-stage company. It has developed waste management solutions that enable the recycling of mine site waste and process slag to recover targeted materials of value. It also has developed a portfolio of mineral processing and waste recycling capabilities essential to environmental sustainability and industries transition to a low carbon future. Its process capabilities include Reclamation Resource Recovery Process (R3 Process), Waste Resource Agglomeration Module (WRAM), ThermaSand and Inductosmelt Reduction Furnace (IRF). Its R3 Process is a commination process that recycles the mine site and process slag waste into smelt ready concentrates, with all post-process tailing being transformed into inert sand products, resulting in zero-waste and environmentally sustainable outcomes. The WRAM process agglomerates ore concentrates or valuable materials reclaimed from coarse discard dumps and fines dams to produce a saleable product in the form of WRAM-ROX.