Group 11 Technologies develops an in-situ recovery process for mineral extraction that reduces environmental impact and lowers carbon emissions. This method minimizes land disturbance and water usage, addressing the ecological challenges associated with traditional mining practices.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional mining practices often result in significant environmental damage, including land disturbance, habitat destruction, and high water consumption. These methods also contribute to substantial carbon emissions, exacerbating climate change concerns.
Solution
Group 11 Technologies is pioneering an in-situ recovery (ISR) process for mineral extraction that minimizes environmental impact and lowers carbon emissions compared to conventional mining. This innovative approach extracts valuable minerals directly from the ore body without removing the rock, thereby reducing the need for extensive excavation and surface processing. The ISR method significantly reduces land disturbance, minimizes water usage, and eliminates the need for tailings dams, addressing key ecological challenges associated with traditional mining. By reducing the energy-intensive processes of hauling, crushing, and grinding ore, Group 11's technology offers a more sustainable and environmentally responsible alternative for mineral extraction.
Target Audience
Group 11 Technologies targets mining companies and resource developers seeking environmentally responsible and economically viable mineral extraction solutions.
Features
- In-situ recovery (ISR) technology that extracts minerals directly from the ore body
- Reduced land disturbance compared to traditional open-pit or underground mining
- Minimized water usage through closed-loop fluid management systems
- Elimination of tailings dams, reducing the risk of environmental contamination
- Lower carbon emissions due to reduced energy consumption in processing