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Gold/Mining/Energy : EMR Microwave Technology (EMW.A) -- Ignore unavailable to you. Want to Upgrade?

To: BAKE who wrote (246)	4/19/1999 10:41:00 AM
From: ddl	Read Replies (1) \| Respond to of 397

Nice recap Bake, and I hope you are right about Bateman waiting for a plant to be operational before commiting themselves. I have not heard this and would be please if it's true but, would the Co. not have PR'd this event if it there was a plant under construction. Seems to me this would be material change, being the first sold plant. This Co. has the goods, but there is a problem. Bateman is big and respected, but are they honourable? IMO, the stock is telling us more of the truth and it aint looking good right now. I sure would like to know just what the problem is. Price of gold is crap, I'm sure producers would like to cut their costs and we got the magic. so what's the holdup? regards - denis

To: BAKE who wrote (246)	4/22/1999 1:19:00 PM
From: ddl	Read Replies (1) \| Respond to of 397

I wonder if there is a reason for the stock price today?

To: BAKE who wrote (246)	5/23/1999 4:30:00 PM
From: BAKE	Read Replies (2) \| Respond to of 397

An article from our local newspaper. For interest sake, this is a copy of a newspaper article from the Fredericton Daily Gleaner which appeared on the frontpage of the business section on April 26,1999. Revolutionizing Mining.Fredericton-based EMR Microwave to sign deal with mining firm. A local New Brunswick company is on the cusp of revolutionizing the worldwide Mining industry, thanks to its new partnership with an international engineering firm. EMR Microwave Technology corporation , a small Fredericton-based technology Firm , is negotiating a partnership with Bateman Project Holdings Ltd. , a huge Engineering , contracting , and project management company based in Johannesburg ,South Africa. Teaming up with a world renowned company such as Bateman gives the small Fredericton technology development firm access to Bateman's reputation in the Mining industry , explained EMR president Jim Tranquilla. Bateman caters to the Mining industry , building mineral extraction plants all over the world. EMR needs that reputation to convince its potential clients -- mining companies-- Of the immense potential in its new technology. The company offers a radical new method of extracting metals such as gold and Copper from raw ore through the use of microwave energy. Tranquilla said EMR's New method is cheaper , cleaner and safer than any other extraction method in Place in the mining industry today. EMR and Bateman are forming an alliance that will see Bateman market the new Method to some of the largest mining companies in the world. Bateman wants those Companies to hire them to build new extraction plants incorporating EMR's Microwave energy extraction method. While Bateman would profit from the construction of these plants , EMR would Cash in through its patents on its unique technology. " We'll get our money from royalties and licences," Tranquilla said. Bateman and EMR have signed a memorandum of understanding which makes Bateman the primary supplier of EMR's mineral pretreatment technology. In return , they have become major investors in the public New Brunswick Company , which retains ownership of its intellectual property , that which already Exists , and anything else which arises through the sale and implementation of Its work. EMR was established in 1994 , and its patented extraction method has yet to be Used by the mining industry. However , more than a dozen mining companies have Contracted EMR to conduct some testing and interest continues to grow. The problem lies in the fact that the mining industry tends to be resistant to Change , as each mining company waits for another to take an initial risk when It comes to new technology , Tranquilla explained. " Nobody wants to be the first. Everbody wants to be the second," he said. At the moment , it is officials in the gold sector of the industry that have Expressed the greatest interest in EMR's unique microwave-based extraction Method. But Tranquilla said the company to start aggressively marketing its product To the copper mining industry this summer. There has also been interest from heavy oil drilling companies in western Canada And an oil shale mining company in Australia. There are three extraction methods already in place in the mining industry: Roasters , autoclave machines , and biooxidation. Roasters use intense heat to extract Minerals from raw ore , but its waste products are difficult to handle and are known to Cause acid rain and cancer. Autoclaves are essentially pressure cookers , which extract minerals by using acids And heat. But autoclaves do not work for all minerals and tend to be more expensive. Biooxidation , which uses organic agents to break down minerals in ore , is climate Sensitive , so it does not work in all areas of the world. Tranquilla said that his microwave method overcomes the obstacles and Disadvantages of all the other techniques. It is cheaper to set up , makes harmful waste Products easier to handle and to dispose of safely and can be used anywhere. Not only could EMR's method prove to be the premier mineral extraction technique in Mining within the next two decades , but it also could be used as something of a Back-up to current methods. EMR vice-president Charles Thornton explained the microwave method could alse be Used to make the hazardous by-products of other extraction methods less harmful to The environment and easier to handle. EMR Microwave employs approximately 30 full time employees , several of whom Hold doctorate degrees in geology , chemistry , or mechanical engineering. By Don MacphersonFor the Daily Gleaner