The global mining industry is responsible for between 4-7 per cent of global emissions, making it a key lever to expedite the ongoing green energy transition and increase the world’s chances of meeting net-zero emissions by 2050.
However, new technologies are required to replace or revamp legacy ones that make it difficult to reconcile mining’s status as an essential industry with the energy-intensive nature of how it goes about its business.
With the green mining market expected to grow from US$13.09 billion in 2024 to US$18.53 billion by 2034, there’s a growing number of technological innovators vying for a slice of the pie, making the space a prospective one for active investors to source their next allocation.
In the newest edition of Stockhouse’s Weekly Market Movers, I’ll analyze a pair of mining technology stocks whose underlying companies are well advanced when it comes to closing the gap between environmentalism and metals extraction.
RZOLV Technologies
Our first future-facing mining technology stock, RZOLV Technologies, market capitalization C$2.86 million, has eyes on revolutionizing the mining industry through its proprietary non-toxic RZOLV hydrometallurgical gold extraction technology.
This article is disseminated in partnership with mining technology stocks RZOLV Technologies and EnviroGold Global. It is intended to inform investors and should not be taken as a recommendation or financial advice.
RZOLV is cost-competitive and both cleaner and safer than cyanide-based extraction processes, which have been the industry standard for more than a century, despite being environmentally destructive, increasingly leading to permitting challenges or outright government bans to better align with the green energy transition.
The company is currently running its water-based technology through a 100-ton industrial test to strengthen the ramp-up to commercialization, following thousands of lab-scale and pilot tests, keen on breaking into a cyanide gold extraction market RZOLV leadership estimates at US$2.5 billion per year – according to the latest investor deck – representing more than 90 per cent of global production.
Successful preliminary testing with critical metal and rare earth element extraction, including 64.26 per cent manganese and 60 per cent cobalt, positions the company for diversified long-term growth once it gets gold operations off the ground.
Duane Nelson, RZOLV Technologies’ president and chief executive officer (CEO), spoke with Stockhouse’s Ricki Lee about the company’s trading debut following the completion of its qualifying transaction. Watch the interview here.
RZOLV Technologies stock (TSXV:RZL) last traded at C$0.52.
EnviroGold Global
Our second green-thumbed mining technology stock is EnviroGold Global, market capitalization C$55.75 million, which tracks a company providing its own metals recovery technology to an industry scrambling to become more sustainable, at the risk of losing investor interest in favor of greener competitors.
EnviroGold extracts metals from tailings, or mining waste, using a hybrid acid leach process that operates at low temperatures, yielding more than 95 per cent recovery rates for gold and silver and strong results across base metals, including 91.6 per cent zinc and 88.8 per cent copper.
Concurrently, the proven technology reduces carbon emissions by up to 96 per cent and capital requirements by up to 70 per cent compared to traditional methods, making a conversation with the company an essential one for cost-conscious miners at or near the production stage.
EnviroGold leadership estimates that it is competing in a more than US$3.4 trillion global tailings market, supported by a growing pipeline of potential customers knocking on its door, as well as a roster of strategic partners such as Fraser Alexander, Andritz and Hatch rapidly ushering the business towards commercialization.
Look for near-term client deployments and demonstration programs to scale its technology to propel EnviroGold stock (CSE:NVRO) to new heights, building on a 210 per cent return year-over-year.
David Cam, EnviroGold Global’s CEO, joined Ricki Lee to discuss the company’s recently closed, upsized and oversubscribed C$7.5 million non-brokered financing. Watch the interview here.
Thanks for reading! I’ll see you next week for a new edition of Weekly Market Movers, where I delve into companies that sat down with Stockhouse for an interview over the past week. Here’s the most recent article, in case you missed it.
Join the discussion: Find out what investors are saying about these mining technology stocks on the RZOLV Technologies and EnviroGold Global Bullboards, and make sure to explore the rest of Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
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