There’s a new company on the New York Stock Exchange. And they want to recover metals from electronic waste.

What’s happening:

  • Modern Mining Technology (NYSE: MDRN) has begun trading on the New York Stock Exchange after raising $40M USD in a Reg A+ IPO

By the numbers:

  • Modern Mining Technology issued 9.41M shares at $4.25 USD per share as part of the Reg A+ IPO

Why it matters:

  • Modern Mining Technology is aiming to convert electronic waste into gold, silver, palladium and copper to be sold as concentrates or refined products

Going deeper:

  • Through leveraging a proprietary process, Modern Mining Technology has publicly stated they are capable of separating metals from plastics and then refining those metals with water-based chemistry into concentrates or refined products that could eventually be resold
  • Modern Mining Technology’s pilot scale facility is located in Greenville, North Carolina and has processing capacity of roughly 1 tonne of electronic waste a day