A $40 Million Raise Takes E-Waste Metal Recovery to the NYSE American
Key Highlights
- ➤Modern Mining Technology (MDRN) raised US$39,999,997 through 9,411,764 shares at US$4.25 each
- ➤MDRN shares expected to begin NYSE American trading November 13, 2026
- ➤Modern Mining targets 8,000 tonnes of annual e-waste processing at a planned commercial facility
- ➤Newmont (NEM) reported 1.3 million attributable gold ounces and $1.9 billion quarterly free cash flow
- ➤Iron Mountain (IRM) posted record third-quarter revenue of $2.0 billion, up 13.5% reported
Expert Statements
Jeet Basi, President and CEO of Modern Mining Technology Corp.
“We see electronic waste as an above-ground resource for gold, critical metals and other valuable metals, with feedstock concentrations that can be significantly higher than traditionally mined ore.”
Jeet Basi, President and CEO of Modern Mining Technology Corp.
“As the volume of e-waste continues to grow, so does the opportunity to recover more of those materials.”
Jeet Basi, President and CEO of Modern Mining Technology Corp.
“The completion of our IPO gives us the resources to advance the next stage of our growth: increasing processing capacity, expanding our operations, and continuing to improve our technology. With the financing complete, our focus is on execution and scaling the business.”
Natascha Viljoen, President and Chief Executive Officer of Newmont Corporation
“Newmont remains on track to achieve our full-year 2026 production guidance and improved full-year cost outlook, supported by disciplined operational execution in the third quarter, demonstrating the strength and resilience of our world-class portfolio.”
William L. Meaney, President and CEO of Iron Mountain Incorporated
“Our business and outlook remains strong with a clear view for sustained long-term growth. We have signed 137 megawatts of new data center leases year to date and our cross-selling efforts in ALM and Digital are accelerating, all of which supports significant future growth.”
Leon Topalian, Chair and Chief Executive Officer of Nucor Corporation
“Supported by robust demand across key end markets, Nucor has generated approximately $2.7 billion of free cash flow and returned nearly $1.4 billion to shareholders through the first nine months of the year.”
Jon Vander Ark, President and Chief Executive Officer of Republic Services, Inc.
“We delivered strong third quarter results that underscored the resilience of our business model and the effectiveness of our strategy.”
GREENVILLE, N.C, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Wall Street Investor News Commentary - The world produced a record 62 million tonnes of electronic waste in 2022, and less than one quarter of it, 22.3%, was documented as having been properly collected and recycled, according to the United Nations’ Global E-waste Monitor 2024. The same report put the value of the metals embedded in that year’s e-waste at US$91 billion, including US$15 billion in gold, and said annual e-waste generation is on track to reach 82 million tonnes by 2030. A company built to pull gold and other metals back out of that stream has now closed a US$40 million public offering, with its shares expected to begin trading on the NYSE American on November 13, 2026. Companies mentioned in today’s commentary include: Modern Mining Technology Corp. (NYSE American: MDRN), Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM), Iron Mountain Incorporated (NYSE: IRM), Nucor Corporation (NYSE: NUE), and Republic Services, Inc. (NYSE: RSG).
Get started
Create a free account to read the full story.