Raptor Technology subsidiary, D&D Mining has signed a contract with Eco Ventures Group (EVG) to commercialise Raptor's mineral recovery technology.
EVG will provide funding, management and business development services to build and operate a 10,000t/y mineral recovery facility using Raptor's proprietary, patent pending recovery process.
D&D Mining has developed advanced chromatography and a combination of innovative separation technologies that will recover precious and rare earth metals from mine tailings.
Eco Ventures Group and Raptor will construct the mineral recovery facility in a leased 21,000ft² building in Florida and expects the plant to be operational within 90 days of construction.
The completion of the plant will increase Raptor's production rate from 2,000t to 10,000t/y.