Pro-Or at New Yr High
Pro-Or Inc (POI.V) is at a new yr high of 30.5 cents, up 22% from yesterday's close. More than 907,000 shares have been traded.
The company announced no news today, but late last week reported that it has established a client relationship with the global speciality chemicals company, Johnson Matthey. The relationship is based on an exploratory basis for the extraction of precious metals of the platinum group from autocatalysts - mainly Platinum, Palladium and Rhodium.
Since February 2012, the refiner Johnson Matthey receives finished products that do not contain glass particles or carbon, deleterious to the hydrometallurgy process. Pro-Or achieves this high-quality extraction due to its extensive knowledge and understanding of chemical interactions and physical properties in the process.
The demonstration plant at St. Augustine treated 2,000 kg of ceramic auto catalysts over the past year in order to make adjustments with certain industrial equipment. These adjustments now support continuous operations, 24 hours and 7 days a week, Pro-Or said.
Of the 2,000 kg of ceramics, 20 kg of fine metallic powder was extracted and shipped to Johnson Matthey.
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