EESTech, Inc. Auditor Raises 'Going Concern' Doubt
March 15, 2023
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EESTech, Inc. filed its 10-12G/A on Mar 15, 2023 for the period ending Sep 30, 2022. In this report its auditor, BDO Audit (WA) Pty Ltd, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
EESTech, Inc. is a development-stage company. It has developed waste management solutions that enable the recycling of mine site waste and process slag to recover targeted materials of value. It also has developed a portfolio of mineral processing and waste recycling capabilities essential to environmental sustainability and industries transition to a low carbon future. Its process capabilities include Reclamation Resource Recovery Process (R3 Process), Waste Resource Agglomeration Module (WRAM), ThermaSand and Inductosmelt Reduction Furnace (IRF). Its R3 Process is a commination process that recycles the mine site and process slag waste into smelt ready concentrates, with all post-process tailing being transformed into inert sand products, resulting in zero-waste and environmentally sustainable outcomes. The WRAM process agglomerates ore concentrates or valuable materials reclaimed from coarse discard dumps and fines dams to produce a saleable product in the form of WRAM-ROX.