Modern Mining Technology Corp. closed its Regulation A initial public offering. The company raised US$39,999,997 by selling 9,411,764 common shares at US$4.25 per share. Modern Mining recovers gold and other valuable metals from electronic waste.
Offering split
The United States portion of the sale was completed under Regulation A Tier 2. Investors in the United States purchased 8,894,117 common shares. The company sold 517,647 common shares in Canada through a long-form prospectus.
How recovery works
Modern Mining uses a proprietary aqueous-based process. The process recovers gold, palladium, silver, and copper from discarded electronics. It can potentially extract 30 other metals.
Offering agents
The offering was hosted on Equifund.com. Digital Offering, LLC acted as lead selling agent in the United States. Research Capital Corporation acted as agent in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario.
Modern Mining plans to use the capital to increase processing capacity, expand operations, and improve its technology. Common shares are expected to begin trading on NYSE American under the ticker symbol MDRN on November 13, 2026. The company will now focus on execution and scaling the business.