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A $40 Million Raise Takes E-Waste Metal Recovery to the NYSE American

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  • The UN Global E-waste Monitor 2024 reports that the world produced a record 62 million tonnes of electronic waste in 2022, with only 22.3% documented as properly collected & recycled.
  • The value of metals embedded in 2022 e-waste was $91 billion, including $15 billion in gold, while annual generation is projected to reach 82 million tonnes by 2030.
  • Modern Mining Technology Corp. (NYSE American: MDRN) closed a $39,999,997 initial public offering by selling 9,411,764 shares at $4.25 per share.
  • MDRN shares are scheduled to begin trading on the NYSE American on November 13, 2026, using a proprietary aqueous-based process to recover gold & other metals from e-waste.
  • The company operates a demonstration facility in Greenville, North Carolina, since November 2023, claiming its feedstock gold grade is approximately 100 times higher than traditional mining ore.
  • Net proceeds from the MDRN offering are intended for capital expenditures (50%), working capital & debt repayment (30%), marketing (15%), & research & development (5%).
  • Modern Mining plans to build a commercial pre-concentration facility capable of treating 8,000 tonnes of e-waste annually, though the site has not yet been identified.
  • Newmont Corporation reported Q3 2026 production of 1.3 million gold ounces, 11 million silver ounces, & 23 thousand tonnes of copper, with $1.9 billion in free cash flow.
  • Iron Mountain Incorporated reported record Q3 2026 revenue of $2.0 billion, a 13.5% increase, driven by growth in its data center & asset lifecycle management businesses.
  • Nucor Corporation reported Q3 2026 net earnings of $1.32 billion ($5.80 per diluted share) & generated approximately $2.7 billion in free cash flow for the first nine months of 2026.
  • Republic Services, Inc. reported Q3 2026 net income of $592 million ($1.93 per diluted share), with average recycled commodity prices rising to $142 per ton.
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