Strategic Opportunity

Challenge:

  • Recyclers: Diesel catalytic converters are a serious and growing problem as smelters don’t want this feedstock due to processing issues.

Opportunity

  • Mineworx is moving to become the only company in the world to unlock a massive opportunity through the extraction of palladium and platinum from diesel catalytic converters.
  • The company’s technology will be the only commercially viable solution to process millions of diesel units that will be pouring into recyclers over the next decade.

Key Highlights

  • Company technology allows for the extraction of precious metals and solves smelter issues with diesel catalytic converters
  • Letter of Intent with David Recycling, a leading catalytic converter recycler on the U.S. eastern seaboard.
  • Davis Recycling provides the supply to meet the needs of a fully commercialized facility.
  • Third party engineering for pilot plant design completed.
  • Fully funded pilot plant is planned to be operational in late Q3 2021.
  • Forecast start of phase one commercialization late 2021.
  • Forecast recovery rates per tonne – 1,500 grams Platinum (Pt) and 170 grams Palladium (Pd).
  • Fully scaled production to generate an anticipated $100+ million in revenue per year, with a gross margin of ~20%.
  • Business strategy to build and operate multiple plants throughout North America.