TECHNOLOGY

What Is Electronic Waste?

E-waste refers to discarded devices with circuits, electronics, or batteries, such as obsolete AI chips, scrap semiconductors, and old phones.

E-waste is growing rapidly, The unlimited growth is increasing by 2.6 million tonnes annually and expected to reach 82 million tonnes by 2030*.

It is the largest man-made non-biodegradable waste stream in history.

*Global eWaste Monitor, 2024

Global E-waste is expected to reach massive scale

Companies like Microsoft, Meta, and Oracle are investing billions in AI data centers, driving demand for sustainable hardware and recycled materials

AI Chip Market will be 10x by 2035 Delivering matching gold-bearing waste yields

Click image to enlarge

Value reaches all-time highs in H1 2025

AI chips becoming obsolete over 3-year lifespans

(Barry Neethling, Chief Technology Officer for First Technology Group)

Oct 6, 2025: Goldman Sachs raises Dec 2026 forecast to $4900/toz (vs. prior $4,300 target)

Source: Reuters    Chart source: x.com/Schuldensuehner

More tech, fewer processing steps, faster production

Click image to enlarge

Bonakdarpour, M., Hoffman, F., Rajan, K., & S&P Global Market Intelligence. (2024). Mine development times: The US in perspective. In National Mining Association of the US, M. Bonakdarpour, F. Hoffman, K. Rajan, K. Alexova, K. Skrzypek, K. Murphy, & P. Manalo, S&P Global.   ihsmarkit.com / spglobal.com

Validated Process at Our North Carolina Demonstration Facility

E-waste from Qualified Recyclers

Secure high grade raw materials through certified vendor contracts to ensure consistent quality and quantities.

Sort and stockpile components, and shred bare printed circuit boards (PCBs).

Transform E-Waste at Pre-Concentrator Plant

Factory-proven, proprietary process separates and recovers commodity metals from barren plastics.

Key product – valuable upgraded Metallic-Sands-Concentrate (MSC) stream.

Almost all of the water used in the pre-concentration process is recovered, recycled, and re-used, and we have not discharged any water to date.

Shipping of Concentrates

Barren plastics are transported to downstream third-party recyclers and certified waste handlers.

Concentrate is sold as a partially refined product or transported to our Aqueous Purification Plant.

Aqueous Purification Plant

Extraction & processing to isolate and enrich metals for immediate sale directly into US and International supply chains.

Value Proposition

Average Potential Contained Metal Value: $14,866 

Equivalent to 6 ounces of gold (gold-equivalent-ounces, GEOs), at $2,500 / oz Au per tonne of waste printed circuit boards (pcb’s) in us$

Au

GOLD
@136gpt
$10,934

Ag

SILVER
@619gpt
$597

Pd

PALLADIUM
@60gpt
$1,929

Cu

COPPER
@15%
$1,406

*Based on $2,500 Au, $30 Ag, $1,000 Pd, and $4.25 Cu. Not including secondary metals – Ex. Al, Zn, Ni, Li, REEs, etc.

KEY VALUE DRIVER

E-waste can deliver up to 100 times better grades than traditional mined ores.

(Based on published literature)

Reserve Grade (g/t) Au-Value ($USD/t) Market Cap. ($USD)
Newmont1 1.04 $84 $95.23B (2026.07.20)
Barrick2 0.98 $79 $82.22B (2026.07.20)

1. Newmont    2. Barrick

Results Drive Growth

Results are fully consistent with overall performance objectives:

Each tonne processed is envisioned to yield 4 – 6 Gold-Equivalent-Ounces (GEOs) of metal product.

Growth Strategy

  • Ramp-up current production to 1 tonne/day.
  • Expand current active plant to 24 tonnes/day.
  • Add 1 concentrator plant per year over years 2 to 5.

Est. Annual Yield*

  • Year-1: 40,000 GEOs
  • Year-5: 200,000 GEOs

Approximated Daily Yield Per Concentrator Plant

90 GEO GOLD/DAY*

* Based on internal testing, at 332 operating days per year, at full commercial processing rate of 8,000 tonnes / year.

** At $2,500 oz AU, $30 oz AG, $1000 oz Pd, $4.25 Cu 92% recovery, 92% payables.

Click image to enlarge

405oz.

SILVER/DAY

40oz.

PALLADIUM/DAY

6,920lb

COPPER/DAY

33 GEOs/Day**

405oz.

SILVER/DAY

40oz.

PALLADIUM/DAY

6,920lb

COPPER/DAY

33
GEOs
/Day**

** At $2,500 oz AU, $30 oz AG, $1000 oz Pd, $4.25 Cu 92% recovery, 92% payables.

DARRELL CAMPANELLA

General Manager

  • Experienced production operations leader with 25 years’ experience working in the precious metals refining, automotive and chemical  industries, including Metallix.
  • Skilled in operations management, root cause analysis, continuous improvement and ISO standards.
  • Strong quality assurance professional with a Master’s of Science degree focused in chemistry from East Carolina University.

DAVIN GORDON

Procurement Manager

  • Over 16 years of procurement and management experience in the scrap and recycling industries. 
  • Experienced with commodity and precious metals, including procurement in technology, aviation, and military supply chains.
  • A seasoned business executive in dynamic leadership roles.
  • Recently Vice-President of Procurement at Conecsus Aerospace.

AUSTIN THORNBERRY, CPA, CA

Chief Finance Officer

  • Seasoned Chief Financial Officer and finance professional with a background in advising new companies in the venture capital market.

  • Extensive experience with high-growth companies across numerous industries with the Technology & Innovation banking group at the Bank of Montreal.

  • Served as an auditor in the financial services arm of Ernst & Young advising on multiple capital markets transactions.

KULJIT (JEET) BASI

Director

  • Experienced 17-year mining industry professional.
  • Technical leadership experience global public mining companies including Newmont, Goldcorp and Teck Resources.
  • Extensive due-diligence knowledge in M&A
  • Bachelor of Applied Science in Mining and Mineral Process Engineering from the University of British Columbia with a Minor in Commerce.

  • Company CEO & President
  • Corporate technical services and project development – Newmont, Goldcorp, Teck

MICAHEL HEPWORTH

Independent Director

  • Chair, ESG Committee
  • Capital markets
  • Mining Development
  • Past President & CEO Nordic Gold

MATTHEW CHATTERTON

Independent Director

  • Chair, Compensation Committee
  • Chemical Process Engineer, International mining and management experience: Canada, China, Bulgaria, Philippines

SEAN BROMLEY

Independent Director

  • Chair, Audit Committee
  • Capital Markets, Financing

MARK ZORKO

Chairman of the Board

  • Compliance Officer
  • Technology Industry veteran
  • Extensive governance experience (NASDAQ)

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