/biz/ - Business & Finance

Listened to that couple hours long podcast Liberty Offensive had on his twitter and one of the guys brought up a very interesting company called Group 11.
Usually Cyanide based solution is used to extract gold from rocks, but Group 11 has a completely environmentally friendly water based solvent to achieve the same result.
This means these guys could basically ISR mine gold everywhere they want without any environmental issues.

Group 11 is a private company, but it was established by Encore Energy that owns a 40% stake in them.
EnviroMetal Technologies owns other 40% and is involved in this by developing the solvent used in the process. From what I gather they ship e-waste over to Canada and extract metals from that with their solvent.
And Sabre Gold mines owns 20%
Now these percentages might be slightly outdated because the podcast brought up GFG Resources as one stake holder and they're testing this mining tech in their Rattlesnake Project in Wyoming, a project that Group 11 will acquire 70% if this works out.
Can't remember what the podcast said their stake was, I think like 4% but I might be wrong on that.

Now I don't pretend to know a damn thing about the mining industry, but using healthy common sense I think that this could become a massive development.
100% environmentally safe mining method that allows mining in places that have so far been a total no go.
Also since this produces no wastewater and it's a self contained thing, so there's no need for water access and treatment either.
Only thing that's required is for the geology to fit the ISR mining method and it's good to go.
So far it seems like this entire thing is flying pretty much under the radar, so it might be worth keeping an eye on this one because all of these companies involved are very low MC.
Imagine if these guys start licensing their tech to everyone and this becomes a standard in multiple metals, since this isn't limited to gold. The upside in all of these companies would be insane.

https://www.binance.me/en/nft/item/34829139

>$15k