Modern Mining Plans US Expansion for E-Waste Processing
Modern Mining is advancing its electronic waste processing technology in the US, aiming to capitalize on domestic critical mineral resources. This initiative aligns with recent US policies aimed at reducing reliance on foreign supply chains for essential metals.
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Modern Mining is raising capital to establish its first commercial plant for recycling electronic waste, targeting critical minerals and rare-earth elements. The company has progressed from laboratory testing to a pilot facility and plans to build one plant annually over five years, focusing initially on the US market due to high e-waste generation.
The recycling process aims to recover metals like gold, silver, palladium, and copper through a method that avoids large-scale incineration. This approach could reduce the need for new mine development by 25-40% by 2050, according to the International Energy Agency.
There is a need for expanded downstream processing infrastructure to economically convert e-waste into usable metals. Collaboration between government and the private sector is essential to create stable policies and investment incentives for a robust domestic secondary-metals industry.
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