Lexington, KY and Wondecla, QLD – August 9, 2024 – ElectraMet, a leading American provider of advanced metal extraction and recovery solutions, has announced a strategic partnership with Northern Metallurgy, an Australian mining consultancy, and Prometheus Metals, an Australian mineral exploration and development company specializing in mine remediation. This tripartite collaboration aims to revolutionize the rehabilitation of abandoned mine sites in Australia, unlocking their economic potential while addressing environmental concerns.
This partnership is particularly timely as Australia experienced a surge in demand for critical minerals essential to the global renewable energy transition. The Australian government is actively supporting this sector with significant grant incentives for companies developing innovative extraction processes.
“We are excited to join forces with Northern Metallurgy and Prometheus Metals to bring our cutting-edge technology to Australia,” said Mike Lewis, VP of Sales for ElectraMet. “Our electrochemical metal extraction and recovery systems provide a sustainable and efficient method for extracting valuable metals from mine waste and contaminated water, transforming environmental liabilities into valuable assets.”
Prometheus Metals and Northern Metallurgy hold a long running partnership, a deep understanding of the Australian mining landscape, and strong relationships with key stakeholders. This includes Traditional Owners, who are experts in mineral exploration and development. They will play a crucial role in facilitating the implementation of ElectraMet’s technology and identifying potential abandoned mine sites for resource recovery, respectively.
“This partnership represents a unique opportunity to combine our collective strengths and expertise to address the environmental legacy of mining while contributing to the growth of Australia’s critical minerals sector,” said Matthew Haindl, Founder of Prometheus Metals. “We are committed to working with Traditional Owners and local communities to ensure that any development is done in partnership and brings benefits to all.”
The partnership will initially focus on demonstrating the effectiveness of ElectraMet’s technology at a number of historic mine sites in Queensland Australia, which contain significant amounts of valuable metals left behind by outdated extraction processes.
This collaborative approach not only addresses environmental concerns but also unlocks the economic potential of these waste materials, aligning with Australia’s broader goals of sustainable resource development and responsible environmental stewardship.
About ElectraMet
ElectraMet is a leading provider of electrochemical metal extraction and recovery systems for manufacturing and mining industries. Headquartered in Lexington, KY, USA, ElectraMet is committed to providing innovative solutions that help companies reduce their environmental impact and improve their bottom line.
About Northern Metallurgy
Northern Metallurgy is a mining consultancy firm specializing in extractive processing of minerals. Headquartered in Queensland, Australia, they are committed to responsible and sustainable mining practices that benefit all stakeholders.
Read our guest blog post from Northern Metallurgy titled “Abandoned Mines In Queensland Australia: A Legacy Of Environmental Impact And The Path To Remediation And Prosperity.”
About Prometheus Metals
Prometheus Metals is an Australian mineral exploration and development company focused on discovering and developing high-quality mineral projects. Prometheus Metals has a comprehensive understanding of the Australian mining landscape and a proven track record of developing innovative solutions that benefit the environment, communities, and the economy.
For further information, please contact:
- mike.lewis@electramet.com
- matthew@prometheusmetals.com.au
- James@northernmetallurgy.com