COMPANY

Business Objectives

Modern Mining transforms E-waste into a profitable, game-changing source of commodities.

Value is captured from E-waste by recovering, processing and refining: gold, palladium, silver, copper, tin, aluminum, lead, zinc and potentially 30 other metals.

Environmental, Social & Governance (ESG) goals are achieved with every pound of waste we divert from landfill or incineration.

Click Image to Enlarge

We Buy Quality Waste from Recyclers

We secure high grade raw materials through vendor contracts to ensure consistent quality and quantities.

Proven Technology Transforms Waste

Lab tested; factory-proven industrial process employs proprietary engineering to create valuable feedstock concentrate from electronic trash

Concentrate Ships to Refinery and Sale

Concentrated materials are transported for purification and immediate sale directly into US and International industrial supply chains.

COMMODITY VALUE

Recovered Metal Value: $14,546 

PER TONNE OF PRINTED CIRCUIT BOARDS (PCB’s) IN US$

 

Au

GOLD

@136gpt

$7,924

Ag

SILVER

@619gpt

$532

Pd

PALLADIUM

@60gpt

$4,528

Sn

TIN

@1.41%

$377

Cu

COPPER

@15%

$1,185

$/per tonne based on LME spot prices as of Feb. 5, 2021

KEY VALUE DRIVER

E-waste delivers 50-70 times better grades than traditional mined ores.

(Based on internal studies)

COMPARISON TO TRADITIONAL COMMODITIES

versus

Modern Mining 1 Gold Mining 2
Gold Equivalent Ounces (GEO) 266,277 oz / year 200,263 oz per year
Grade (GEO) 25 g / tonne 0.55 g / tonne
% Margin per oz 35% 30%
CapEx $20M USD $668M USD initial CapEx (in 2022 dollars)
$100M USD expansion in 2018
Timeline 1 year first pour, 4 years to full capacity 10 years to first pour
Employees 140 625
Operating Life Unlimited 2030 closure
  1. Estimates based on internal testing and design, and on four concentrator plants feeding one refinery operating at full capacity
  2. Based on Fort Knox Gold Mine, Alaska, 2019 Annual report

A NEARLY LIMITLESS RESOURCE

Global E-waste: A rapidly growing but largely ignored resource

EQUIVALENT TO THE WEIGHT OF 350 CRUISE SHIPS

A 2020 report that the world dumped a record 53.6 million tonnes of E-waste last year — equivalent to the weight of 350 cruise ships the size of the Queen Mary 2. An increase of 21 per cent in only five years.

$57B HIGH-VALUE WASTE MATERIALS​

Just 17.4 per cent was recycled, meaning an estimated $57 billion worth of gold, silver, copper, platinum and other high-value, recoverable materials were mostly dumped or burned rather than being collected for treatment and reuse.

38% OF WORLD’S E-WASTE FROM 3 COUNTRIES

At 10.1 million tonnes, China was the biggest contributor to E-waste, with the United States second at 6.9 million tonnes. India, at 3.2 million tonnes, was third. Together, this accounts for nearly 38 per cent of the world’s E-waste.

74M TONNES BY 2030

The report predicts global E-waste — discarded products with a battery or plug — will reach 74 million tonnes by 2030, almost doubling E-waste estimates within just 16 years.

Source: Global E-waste Monitor 2020. As reported by the CBC

CHINA’S MONOPOLY, INEFFICIENT & UNSAFE

Forecast of e-waste quantities per region based on population and GDP growth
  • The value of metals discarded as electronic waste in China will total $23.8 billion USD by 2030, a sum that can be reclaimed through recycling and “urban mining” at cheaper costs than retrieving the same amount of metals through virgin ore mining, according to research from Greenpeace East Asia. It’s a circular industry in Asia as so much of the recyclable waste is manufactured there.1
  • As noted by Reuters, the Global E-waste Monitor 2020 report found that the world dumped a record 53.6 million tonnes of e-waste with just 17.4% recycled. But of that amount China, with 10.1 million tonnes, was the biggest contributor to e-waste and coincidentally the largest recycler. 2
  • In China and other parts of the world, recycling of E-waste can be a major hazard. The National Institute of Environmental Health Sciences has long held that management of e-waste is a significant environmental health concern. In under-regulated, often developing countries, informal and primitive e-waste recycling occurs regularly, where workers and others who live near these recycling facilities are exposed to dangerous chemicals with potentially long-term adverse health effects. Other locations where such recycling is prevalent include India and Ghana, Liberia, and Nigeria in Africa. 3
Click to enlarge.

OUR TEAM

KULJIT (JEET) BASI

CEO & PRESIDENT

Mr. Basi is an established mining industry professional with over 17 years of technical leadership experience in global public mining companies including Newmont, Goldcorp and Teck Resources. Jeet has a passion for growing a collaborative culture of technical excellence focused on maximizing Net-Asset- Value (NAV). Mr. Basi most recently held the position of Senior Advisor, Newmont North America, where he was responsible for implementing industry leading best practices in the areas of technical services, project development, and strategic planning across all of Newmont’s Canadian, U.S., and Mexican assets. Prior to Newmont, Mr. Basi held the position of Corporate Manager of Processing & Metallurgy for Goldcorp. During his eight-year tenure with Goldcorp, Mr. Basi established a track record of delivering bottom-line growth across major assets within the global portfolio. Specific value-adding highlights include $500M NAV improvement at the Penasquito mine, $300M NAV improvement at the Los Filos mine, and $100 NAV improvement at the Coffee Gold Mine Project. Prior to Goldcorp, Mr. Basi spent five years at Teck’s Highland Valley Copper operation where he most notably was involved in the mill optimization and expansion projects resulting in an opportunity to increase annual free-cash-flow by $25M through increased metal recoveries. Mr. Basi brings due-diligence knowledge in the M&A space in both acquisition and divestment scenarios. Mr. Basi is an industry professional and has contributed multiple publications within the technical community. Mr. Basi holds a Bachelor of Applied Science in Mining and Mineral Process Engineering from the University of British Columbia with a Minor in Commerce.

OLGA BALANOVSKAYA

CFO

Olga Balanovskaya, CPA, CGA, ACCA has an extensive background with over 20 years in financial management of privately owned and public companies, M&A, tax, and financing. Ms. Balanovskaya has extensive experience with fast paced, fast growth companies serving as CFO for various public and private companies in North America. She is also a co-founder of Koral Financial Inc., the company that provides outsourced CFO and consulting services for public and privately owned companies. She is a member of the Chartered Professional Accountants of Ontario as well as the Association of Chartered Certified Accountants (UK); has a Diploma in International Accounting Standards from the Institute of Financial Accountants (UK). 

BASIL BOTHA

PRINCIPAL TECHNICAL ADVISOR

Basil Botha’s (MBA) career in the mining and capital markets arena spans more than forty years with projects and mining operations in Africa, South America, China, South East Asia, Scandinavia and North America. Mr. Botha is the past chairman of Lithium Americas Inc., the company has recently started producing lithium sulphate and is partnered with Gang Feng, as the major shareholder. Past Executive Chairman of Nordic Gold, which is a fully permitted 70,000 oz gold producer in Finland. Past Executive Chairman of Ares Strategic Mining Inc., which has recently acquired the only fully permitted fluorite mining operation in the United States.

PETER DIELWART

GENERAL MANAGER

An entrepreneur and scientist, he successfully built and operated his own company, Nutrevolution (Pty) Ltd in South Africa from 2005 until its sale in 2019. The company developed its technology for the metabolic control of drug resistant epilepsy. He grew the company to have international agents in Brazil, Argentina, Colombia, Turkey, Israel and China. He earned a Bachelor of Science (B.Sc.) degree in Biochemistry and Chemistry (UNISA) and an Honors degree in molecular biology (NWU).

DARRELL CAMPANELLA

PLANT 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 an MS degree focused in chemistry from East Carolina University in 1997.

DIRECTORS

MARK ZORKO

CHAIRMAN OF THE BOARD

  • Chair, Compensation Committee
  • Technology Industry veteran
  • Extensive governance experience (NASDAQ)

MICHAEL HEPWORTH

INDEPENDENT DIRECTOR

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

SEAN BROMLEY

INDEPENDENT DIRECTOR

  • Chair, Audit Committee
  • Capital Markets, Financing

KULJIT (JEET) BASI

DIRECTOR

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

MATTHEW CHATTERTON

INDEPENDENT DIRECTOR

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

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