A seismic shift is coming to the gold mining industry
Investors and industry insiders alike are watching closely as a breakthrough clean-tech solution enters the public market—one that promises to upend a century-old reliance on toxic chemicals, unlock billions in stranded assets, and redefine how gold is extracted across the globe. With real-world testing underway and market momentum building, this is more than just a new listing—it’s the dawn of a potentially game-changing era in sustainable mining.
Vancouver-based RZOLV Technologies Inc. (TSXV:RZL), formerly known as Innovation Mining, is entering a pivotal phase in its corporate evolution. The company is now listed on the TSX Venture Exchange (TSXV) as Torchlight Innovations Inc. (Doing Business As: RZOLV Technologies Inc.) Trading officially commenced as of October 22nd, 2025. This milestone marks the culmination of years of research and development aimed at revolutionizing gold extraction through a non-toxic, water-based alternative to cyanide.
This article is disseminated in partnership with RZOLV Technologies Inc. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Oversubscribed financing signals strong market confidence
Ahead of its public debut, RZOLV successfully closed an oversubscribed financing round, raising ~ C$3 million, well above its initial C$2 million target. This influx of capital will accelerate commercialization efforts, strategic partnerships, and ongoing testing of its proprietary RZOLV lixiviant—a clean-tech reagent designed to challenge the US$2 Billion worth of cyanide used annually in gold mining.
Bulk-scale testing underway in Arizona
A critical validation step is currently underway: a 100-tonne bulk-scale test in Arizona, designed to replicate lab-scale success under real-world conditions. The test is expected to conclude within 60 days, pending third-party validation. Early indications suggest the technology is performing as expected, reinforcing its potential for commercial deployment.
The technology: RZOLV – A game-changer in gold recovery
RZOLV’s proprietary formula is a non-toxic, water-based lixiviant engineered to deliver cyanide-comparable recoveries with fast leach kinetics. Validated by SGS Labs, the technology has undergone thousands of lab and pilot-scale tests, demonstrating high performance across a wide range of ore types.
Key advantages of RZOLV
- Environmental safety: Eliminates the toxic risks of cyanide, protecting ecosystems and communities.
- Regulatory ease: Simplifies permitting processes, especially in jurisdictions where cyanide is banned.
- Cost-effective: Comparable reagent costs and minimal infrastructure changes make adoption seamless.
- Versatility: Effective on oxide, sulfide, and complex ores, concentrates, tailings. Recent testing also demonstrated positive results on critical minerals and rare earth metals.
- Scalability: Compatible with heap, vat, tank, and potentially in-situ recovery (ISR) applications.
Market opportunity and commercial strategy
The global gold mining industry, valued at US$240 billion annually, relies heavily on cyanide for extraction. RZOLV targets this market with a multi-tiered commercialization strategy:
- Direct Product Sales
- Licensing and royalties
- Retail on-line distribution
Unlocking stranded assets and ESG value
RZOLV’s clean-tech approach potentially unlocks the value of thousands of stranded gold assets—deposits previously uneconomic or un-permittable due to cyanide restrictions. Its ESG-friendly profile enhances social license to operate and aligns with the growing investor demand for sustainable mining solutions.
Investor outlook
With its TSXV listing imminent, a successful financing round completed, and bulk-scale testing progressing, RZOLV Technologies Inc. is poised to become a disruptive force in the gold mining sector. Investors seeking exposure to clean-tech innovation and sustainable resource development should keep a close eye on RZLV as it enters the public market.
RZL stock closed up 542.86 per cent on Wednesday.
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