News

War Eagle Mining Company Inc. has signed a Letter of Intent with ELCOGAS SA of Spain regarding the testing of fly ash from its Puertollano power plant with the aim of recovering germanium (Ge) and gallium (Ga). The Puertollano Integrated Gasification Combined Cycle (IGCC) plant is a coal gasification thermal power plant that was supported by the European Union to facilitate clean energy production from coal. This is the largest single train IGCC plant in the world (electrical output of 317.7 MW) and achieves a net efficiency of 42%, around 10% higher than that produced by conventional thermal power plants. The plant currently produces some 12,000 tonnes of fly ash per year and the output might increase to 15,000 tonnes. Some points regarding the LOI are: 1. ELCOGAS holds an international patent on the recovery of metals from the fly ash and will grant War Eagle permission to use part or all of their patented procedures for recovering germanium and gallium. 2. War Eagle will fund a programme of testing and research with scientific teams at two of Spain's renowned universities, the University of Barcelona and the University of Seville, who have been closely involved with ELCOGAS in developing the recovery process. 3. The test work is scheduled over a period of 18 months, culminating in a full feasibility study using the existing pilot plant designed for germanium and gallium recovery at the University of Seville. Following a successful test work programme, War Eagle will provide ELCOGAS with a detailed technical and economic proposal for a processing plant to be built on ELCOGAS property and would form a long-term agreement with ELCOGAS for the supply of fly ash. About War Eagle Mining: War Eagle Mining Company Inc. is an experienced mineral exploration company publicly traded since 1987 and is listed on the TSX Venture Exchange under the symbol WAR. The company is in the exploration and development phase of the Tres Marias Germanium and Zinc Mine in Mexico. The Tres Marias is a former producing high-grade germanium and zinc mine that first produced ore in 1949.