GlobeNewswire·Jul 8, 2026, 6:00 AM ET

NVRO Metals and Hecla sign an MOU to process 35,000-tonnes at the NVRO Metals Hub in the Northern Territory, Australia

NVRO Metals Limited signed a non-binding memorandum of understanding (MOU) with Hecla Greens Creek Mining Company on June 23, 2026.
The MOU outlines a framework for an industrial-scale processing campaign involving approximately 35,000 tonnes of Hecla tailings feedstock.
Processing will utilize the NVRO Process™ at the NVRO Metals Hub, an asset acquisition expected to close in August 2026.
Successful completion of the campaign aims to advance the NVRO Process™ to Technology Readiness Level 9 (TRL9).
The MOU is conditional upon successful completion of a current 20-tonne production demonstration campaign at the Perth, Western Australia facility to Hecla's satisfaction.
A second condition requires the completion of the NVRO Metals Hub acquisition \& commissioning.
All conditions must be satisfied by December 30, 2026, unless an extension is agreed upon.
The NVRO Metals Hub is being developed as a centralized critical minerals processing platform to support third-party industrial-scale processing opportunities.
Grant Freeman, CEO of NVRO Metals, stated the MOU establishes a pathway for industrial-scale deployment of the technology using customer feedstock.
The release includes standard forward-looking statements regarding potential outcomes, risks, \& assumptions related to the MOU, feedstock availability, \& regulatory approvals.