Royal Mint Takes Equity Stake in Metal Recovery Firm

The Royal Mint has made an equity investment in Canadian cleantech company Excir, its partner for precious metals recovery.

The Royal Mint first partnered with Excir in 2020, and in 2024 opened a multi-million-pound state-of-theart facility at its manufacturing site in Llantrisant, South Wales, using Excir’s technology to extract gold from electronic waste (see CMN August 2024). It is estimated that approximately 7% of the world’s gold is trapped in circuit boards from end-of-life electronics such as TVs, laptops, and mobile phones.

The strategic investment, which involves an approximate 8% equity stake in Excir, strengthens the partnership and aligns the companies’ interests in expanding the Precious Metals Recovery business, says The Royal Mint. As part of the investment, it has also gained a seat on Excir’s board of directors, providing key governance and contributing to the future direction of the business.