Investors

Green metals, a golden opportunity

It does not make sense when sustainable energy applications are based on metals that are produced in a polluting manner. The energy transition requires sustainably produced materials. And not just until 2050 or 2040. Even 2030 is still far away as a horizon. That is why we are ahead of the curve. Way ahead.

From 2026, our Urban Mining Factory will convert 15,000 tons per year of low-grade Waste Printed Circuit Boards (‘WPCBs’) into new (Critical) Raw Materials.

Materials with a CO₂footprint close to net zero.

In essence, our Urban Mining Factory will become a producer of Copper, with a very large and valuable bycatch of other metals that are critical to the European Union (‘EU’).
For this reason, we will supply our materials directly to the manufacturing industries within the EU.

However, we cannot achieve our goals without the help of ambitious financiers. Financiers who are able to commit to the rapid rollout of multiple factories. After all, we do not stop at one factory within the EU. There should be three factories by 2030.

Financial milestones of our first Urban Mining Factory
With regard to the (Debt) financing process, we have the following remaining milestones:

December

2024

Factory completion: 18 months after Financial Close.

Debt
ING bank has been appointed as Sole Coordinator and Mandated Lead Arranger of the Senior Debt Facilities.

Equity

Equity has to be committed before the start of the Credit Approval phase.

Debt/Equity ratio is around 65/35%. Total Equity ticket is around € 20 Million.

Risk mitigation

Our project is built around risk mitigation with regard to input, technology and output.

To achieve this, we have taken the following into account:

Specialization in low-grade WPCBs, which means less competition due to less Precious Metals.
Potential suppliers of WPCBs have already been consulted and engaged.
Potential offtakers of (Critical) Raw Materials have already been consulted and engaged.
Deployment of Best Available Technologies that have already been proven at scale.
Validation of technology configuration with low-grade WPCBs as input material.
Patented technology configuration for extracting (Critical) Raw Materials from WPCBs.
25 years ahead of the Copper producing industry, which has set 2050 as a CO₂ neutral target.
Wide spread of produced (Critical) Raw Materials, which limits the exposure to price volatility.
Already fully in line with the Critical Raw Materials Act (‘CRMA’) of the European Commission.
In the process of being nominated to become one of the first Strategic Projects under the CRMA.
Report prepared by market research agency, showing the potential for a successful market entry.
All required Project Finance advisors and independent Auditors are already involved.