19:49:47 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
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Sparta Capital Ltd
Symbol SAY
Shares Issued 239,153,923
Close 2024-02-21 C$ 0.015
Market Cap C$ 3,587,309
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Sparta Capital talks up Oman e-waste processing plant

2024-02-21 13:45 ET - News Release

Mr. Joseph Cimorelli reports

SPARTA REPORTS MASSIVE PROCESSING POTENTIAL AT OMAN E-WASTE FACILITY

The processing potential at Sparta Capital Ltd.'s Oman electronic waste processing facility (ERS International), is almost seven times what the ERS Toronto facility processes on an annual basis, which could have a significant impact in terms of reducing electronic waste in the country.

The Oman e-waste recycling potential has been widely publicized in Salalah, the capital city of southern Oman's Dhofar province, where the ERS e-waste recycling operation is located.

"A few factors are making it possible for us to have such extraordinary recycling potential at our Oman facility. The country has years of stockpiled e-waste just waiting to be processed, word of our Oman recycling facility is spreading fast to companies in the Arab state who want to recycle their electronic waste and lower their carbon footprint, and our facility in Oman is considered one of the most modern approaches to recycling in the Gulf region, with our highly developed processing technologies. It also helps that the recycling operation has the full support of the Omani government," said Joseph Cimorelli, director of global business development for Sparta's ERS.

According to the Oman Daily Observer, 2.4 million tonnes of recyclable waste, including e-waste, is generated every year in Oman. For years, Oman has stockpiled or sent obsolete electronics to landfills. Now, with ERS established in the country, outdated e-waste can be diverted from the waste stream and recycled.

The recycling facility in Oman, which spans over a 10,500-square-metre area, is versatile in terms of processing. It can handle computers, mobile phones, home appliances and much more. The ERS processing system allows for safe, effective extraction of valuable materials, such as various metals and plastics.

According to the World Health Organization, electronic waste is the fastest-growing solid-waste stream in the world.

About Sparta Capital Ltd.

Sparta Group is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. This structure provides brand recognition, insight, high-level strategic guidance and financial monitoring. Sparta Group is divided into three operational business segments, each accountable for its day-to-day operations and performance. Those segments are environment, energy and innovation.

Sparta is a publicly traded company listed on the TSX Venture Exchange under the symbol SAY.

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