1) Mineworx has developed a chemical process to extract precious metals like platinum and palladium from catalytic converters, providing a solution for recyclers currently unable to process diesel converters.
2) A pilot plant is being constructed and tested to optimize the process, with commercialization planned for late 2021.
3) The technology is expected to generate over $100 million in annual revenue from an initial commercial plant processing 10 tonnes per day, capturing a 20% gross margin.