Chimera Minerals
A Circular Mining Company
Improving environmental impact and enabling a true circular mining ecosystem by transforming waste into vast new resource stockpiles.
Chimera Minerals Inc. is a unique circular mining company utilizing multiple trade-secret, proprietary advanced processes to extract gold, silver, platinum group metals, and other rare earth elements from head ore, legacy mine tailings and coal refuse.
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Our PGM extraction and separation processes are so advanced that we can recycle platinum from mine tailings, for example, to a minimum purity of 99.95%.
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Not only does an ounce of recycled platinum group metal (PGM) contain around 50 times less embedded carbon than newly mined PGM’s, but the more we can recycle and reuse, the less we need to mine in the first place, which itself has associated social and environmental impacts.
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Our company was founded by a team of metallurgists, entrepreneurs, and environmentalists passionate about closing the loop on resource extraction. We partner with mining companies to deploy our technologies in operating mines and waste stockpiles to vastly increase resource recovery, aiming to neutralize hazardous material, lengthen mine life, increase economic feasibility, and reduce adverse environmental effects.
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There are over 280 billion metric tons of mine tailings on the earth’s surface with a contained metal value that exceeds US$3.4T.
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Leveraging a detailed, proprietary screening process, the Company’s extensive market analysis has identified potential tailings targets with a contained value exceeding US$40B, and has identified refractory, polymetallic, VMS tailings as a tailings sub-segment representing substantial and scalable economic opportunity.
About Chimera Minerals
ESG Leadership
Chimera Minerals Inc. is a sustainable strategic metals reclamation company dedicated to creating partnership value while establishing ESG & circular economy leadership by profitably reprocessing & remediating mine waste tailings to recover precious, critical & strategic metals – including gold, silver, PGM’s & rare earth elements.
Market Cap
Our Company is strategically positioned to earn and maintain social license while capitalizing the estimated US$ 3.4 trillion of in situ metal value in global tailings.
Commercial Strategy
Chimera Minerals’ commercial strategy involves applying our proprietary and advanced technologies to resolve some of the world’s most challenging waste related issues, while generating profits from the reclamation of resources.
Chimera Minerals’ commercial strategy is being developed in three distinct strategic horizons, with the Company’s near-term focus on applying proprietary precious and critical metal liberation technology to the recovery of valuable materials from refractory mine tailings, where the Company has identified an accelerated route to generating high free cash flow beginning with the Company’s Nevada Tailings Reprocessing Project in 2023.
Scalable
There are over 280 billion metric tons of mine tailings on the earth’s surface with a contained metal value that exceeds US$3.4T. Leveraging a detailed, proprietary screening process, the Company’s extensive market analysis has identified potential tailings targets with a contained value exceeding US$40B, and has identified refractory, polymetallic, VMS tailings as a tailings sub-segment representing substantial and scalable economic opportunity.
As Chimera Minerals successfully commercializes its metal liberation technology, the Company will expand its commercialization initiatives to include other, high-value waste reclamation and environmental remediation opportunities including coal refuse.
Attractive Business Model
Chimera Minerals acquires the metal recovery rights to tailings sites by leveraging a profit share business model to create an attractive value proposition for site owners. The Company’s business model is designed to generate high free-cash flow & high target IRR while eliminating the risks of traditional exploration and extraction. The Company expects to produce metals with a carbon footprint up to 96% lower than conventional metal producers while reducing the environmental footprint of legacy mining.
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As of September 2024, the Company has seven major projects in its global project pipeline including two major projects under definitive contracts and five additional major projects at various stages of commercial negotiation and detailed technical/economic review.