EXPLORATION ’94 — Nesmont purchases refining technology

West-coast precious metals smelter and refiner International Nesmont Industrial (VSE) recently completed the purchase of all rights to the refining technology it has been using since commencing operations in 1986.

The purchase will eliminate the royalty payments owed by the Ladner, B.C., company under a licensing agreement covering its proprietary hydrochemical refining technology.

Nesmont purchases precious metals (mostly gold) from mining companies and sells its refined products in pure, alloyed or manufactured form.

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