The only heavy metals in films or papers are Osmium, Rhodium and Iridium. They are present at about 10^-6 moles per mole of silver, and the silver is present at about 300 mg / foot square in a high speed B&W film. So, there is no big worry about the film or paper.
Selenium is a problem, of course as are gold toners and some other toners. If there are concerns, they must be disposed of as hazardous waste in compliance with local regulations. Silver in the fixer is not a big problem as it can be recovered.
PE