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).

Key Takeaways

• Modern Mining Technology Corp. has closed its initial public offering, raising US$39,999,997 through the sale of 9,411,764 common shares at a public offering price of US$4.25 per share.
• Its common shares are expected to begin trading on the NYSE American under the ticker symbol “MDRN” on November 13, 2026.
• The Company uses a proprietary aqueous-based process to recover and concentrate gold and other valuable metals from discarded electronics, and operates a demonstration facility in Greenville, North Carolina.
• Its offering circular lists capital expenditures as the largest intended use of the net proceeds, at approximately 50%.
• Gold producer Newmont, IT asset disposition provider Iron Mountain, scrap recycler and steelmaker Nucor, and recycling and waste company Republic Services reported quarterly results in recent weeks.
  

Metal That Has Already Been Mined

The UN monitor, produced by the International Telecommunication Union and the UN Institute for Training and Research (UNITAR), defines e-waste as any discarded product with a plug or battery. It found that the world’s generation of electronic waste is rising five times faster than documented e-waste recycling, and that with less than one quarter of 2022’s e-waste documented as properly collected and recycled, US$62 billion worth of recoverable natural resources was left unaccounted for. The report also found that just 1% of rare earth element demand is met by e-waste recycling.

That electronic waste stream is what Modern Mining is targeting. “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,” said Jeet Basi, President and CEO of Modern Mining.

From Circuit Boards to Concentrate

Modern Mining Technology Corp. (NYSE American: MDRN) announced that it has closed its initial public offering, raising US$39,999,997 through the sale of 9,411,764 common shares at US$4.25 per share. The total includes 8,894,117 common shares sold in the United States and jurisdictions other than Canada through its Regulation A Tier 2 offering and 517,647 common shares sold in Canada under a long-form prospectus filed in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. The offering was hosted on Equifund.com, with Digital Offering, LLC acting as lead selling agent in the United States and Research Capital Corporation acting as agent in the Provinces.

The Company uses a proprietary aqueous-based process to recover and concentrate gold and other valuable metals from discarded electronics. It sources e-waste from qualified suppliers and processes the material into concentrates that can be sold as partially refined products or further processed to isolate and enrich metals for sale into U.S. and international supply chains. According to its website, its pre-concentrator plant separates and recovers commodity metals from barren plastics, producing a product it calls Metallic-Sands-Concentrate. Modern Mining says its technology can recover gold, palladium, silver and copper and potentially 30 other metals.

The Company’s offering circular says it has been operating its demonstration facility in Greenville, North Carolina since November 2023, and that it completed 41 product-lot settlements there between December 21, 2023 and June 17, 2026. Using published literature weighted by its non-binding supplier letters of intent, the circular calculates a “typical” e-waste feedstock gold grade of 136 grams per tonne, which it says is 100 times higher than the average gold mine grade (based S&P Capital IQ data publicly available which says the average gold grade of global reserves and resources is approximately 1.24 g/t Au). The circular also says the Company is headquartered in Vancouver, Canada, and that its business operations will be located in Greenville, North Carolina.

The circular states that the Company intends to use the net proceeds for capital expenditures (50%), working capital and general corporate purposes, which may include repayment of one or more of certain interest bearing promissory notes that are payable on demand, in the event the Company does not have any other available capital (30%), marketing expenditures (15%) and research and development expenses (5%). It describes a planned commercial pre-concentration plant designed to treat approximately 8,000 tonnes of e-waste per year, at a future facility the Company has not yet identified.

“As the volume of e-waste continues to grow, so does the opportunity to recover more of those materials,” Basi said. “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.”

CONTINUED... Read this and more news for Modern Mining Technology Corp. at: wsi.news

Where the Metals Come From, and Where They Go

Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) mines the same metals in the ground. The company reported third quarter 2026 production of 1.3 million attributable gold ounces, as well as 11 million ounces of silver and 23 thousand tonnes of copper, with third quarter free cash flow of $1.9 billion. Its average realized gold price was $4,317 per ounce, a decrease of $97 per ounce from the prior quarter.

“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,” said Natascha Viljoen, Newmont’s President and Chief Executive Officer.

Iron Mountain Incorporated (NYSE: IRM) sits at the other end of the electronics life cycle. Its corporate IT asset disposition services, which it describes as remarketing, recycling and media destruction, include e-waste recycling. On November 5, Iron Mountain reported record third quarter revenue of $2.0 billion, an increase of 13.5% on a reported basis, and said its data center, digital and asset lifecycle management businesses collectively grew more than 30% year over year.

“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,” said William L. Meaney, President and CEO of Iron Mountain.

Nucor Corporation (NYSE: NUE), which describes itself as North America’s largest recycler, processes ferrous and nonferrous scrap through The David J. Joseph Company and its affiliates. Nucor reported third quarter 2026 consolidated net earnings attributable to Nucor stockholders of $1.32 billion, or $5.80 per diluted share.

“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,” said Leon Topalian, Nucor’s Chair and Chief Executive Officer.

Republic Services, Inc. (NYSE: RSG) reported third quarter 2026 net income of $592 million, or $1.93 per diluted share. The company said its average recycled commodity price per ton sold at its recycling centers during the quarter was $142, an increase of $16 per ton over the prior year.

“We delivered strong third quarter results that underscored the resilience of our business model and the effectiveness of our strategy,” said Jon Vander Ark, president and chief executive officer of Republic Services.

Track the Signals Before the Crowd

A new listing has no trading history, and attention can build around it quickly once shares begin to trade. Eagle Eye is a real-time investor signal-intelligence platform that surfaces sentiment shifts, news flow and trending tickers as they form. Watch it live at eagle-eye.dev.

Article Source: Modern Mining Technology Corp. news release dated November 12, 2026; Modern Mining Technology Corp. offering circular dated November 4, 2026 (www.sec.gov); International Telecommunication Union and UN Institute for Training and Research, Global E-waste Monitor 2024 (March 20, 2024); and company news releases from Newmont Corporation (October 22, 2026), Nucor Corporation (October 26, 2026), Republic Services, Inc. (October 29, 2026) and Iron Mountain Incorporated (November 5, 2026).

Contact Information:
wsi.news
Media Contact: info@wsi.news

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement. This is neither an offer nor a recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.

This article is being distributed by Wall Street Investor (wsi.news), a property of a joint venture between Market Equities Limited, a company incorporated under the laws of Ireland (“MEL”), and Mining Stock, LLC, a Tennessee limited liability company (“Mining Stock”), under which MEL and Mining Stock share in the net profits of the joint venture. MEL has been paid a fee for Modern Mining Technology Corp. advertising and digital media distribution from Creative Direct Marketing Group (“CDMG”), and compensation received in connection with this article may be shared with Mining Stock under the terms of the joint venture. MEL has not been paid a fee directly by Modern Mining Technology Corp., and MEL is not affiliated with, and is a separate and independent entity from, CDMG and Modern Mining Technology Corp. MEL also expects to receive further compensation as part of an ongoing digital media effort to increase visibility for the company. No further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been reviewed and approved by Modern Mining Technology Corp. and CDMG.

This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision.

MEL, and/or its owners, operators, directors, and associates, do not currently own any shares of Modern Mining Technology Corp., but reserve the right to, and will, buy and sell shares of Modern Mining Technology Corp. at any time without further notice, commencing immediately and ongoing, in the open market, through private placements, and/or through other investment vehicles. Mining Stock and its principals may, from time to time, hold positions in securities mentioned in this article. There may also be third parties who hold shares of Modern Mining Technology Corp. and may liquidate their shares, which could have a negative effect on the price of the stock.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this publication is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful: investing in securities carries a high degree of risk, and you may lose some or all of your investment.

Cautionary Note Regarding the Offering and the Company’s Stage of Development. This article is not an offer to sell or the solicitation of an offer to buy any securities of Modern Mining Technology Corp. The Company’s common shares are expected to begin trading on the NYSE American on November 13, 2026; there can be no assurance as to the timing of trading or that an active trading market will develop. According to its offering circular, the Company remains in the development and pre-commercialization stage and has not yet commenced revenue-generating commercial operations, its Greenville, North Carolina facility serves as a pilot and demonstration plant, and its planned commercial-scale facility has not yet been identified. Feedstock grade figures, including the calculated “typical” gold grade, are estimates provided by the Company and have not been independently verified by the publisher. Intended uses of proceeds are as stated in the offering circular, and management retains broad discretion over the allocation of the net proceeds. E-waste figures are drawn from the Global E-waste Monitor 2024 and are not forecasts by the Company. References to Newmont Corporation, Iron Mountain Incorporated, Nucor Corporation and Republic Services, Inc. are provided solely as market and sector context; those companies are not peers or financial comparables of Modern Mining Technology Corp., none of them was involved in the preparation of this article, and their results are not indicative of the Company’s prospects. Readers should review the Company’s offering circular and other filings with the U.S. Securities and Exchange Commission at www.sec.gov and its filings with Canadian securities regulators at www.sedarplus.ca.

Eagle Eye Disclosure. Eagle Eye is an investor signal-intelligence platform affiliated with the publisher of this article, and this reference constitutes promotion of an affiliated product. Eagle Eye is not a broker-dealer, and nothing in the platform or in this article is financial, investment, tax, or legal advice. Data provided in the platform is for informational purposes only and may be delayed. Always do your own research before making any investment decision.

Forward-Looking Statements: This publication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-Q and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this publication are made as of the date hereof and MEL undertakes no obligation to update such statements.

SOURCE Wall Street Investor