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    Innovation Mining
    A clean-tech company transforming gold mining with RZOLV—the safe, cost-effective and high-performance alternative to toxic cyanide.
    cleantech investing

    Disrupting the Gold Standard: Eyeing Cyanide-free Alternatives in Resource Extraction

    Mari-Len De Guzman
    Mar. 03, 2025 10:00AM PST
    Gold Investing
    Processing Gold Ore at a Mining Site
    Anastasiia / Adobe Stock

    The use of cyanide has been the industry standard for gold extraction for more than a century, but ESG standards and changing regulations are driving the push toward safer, cleaner alternatives in mining.

    In a $2 billion cyanide market that underpins global gold extraction, a seismic shift is underway as environmental concerns and evolving investment standards push the industry towards safer, more sustainable alternatives.

    For over a century, cyanide has been the gold standard in mining, driven by its simplicity, low-cost, and its ability to extract gold from low-grade ores. However, current environmental concerns are encouraging mining companies to evaluate sustainable alternatives. Although cyanide will likely continue its dominance over the near term, emerging technologies such Innovation Mining’s RZOLV formula, are promising to revolutionize the sector, offering both environmental stewardship and lucrative opportunities for forward-thinking investors.


    Cyanide in gold mining: A historical perspective

    The adoption of cyanide in gold mining dates back to the 1870’s, revolutionizing the industry with its ability to extract gold from low-grade ores. Its effectiveness, coupled with relatively low costs, quickly established cyanide leaching as the preferred method for gold recovery. This process, known as cyanidation, allowed for the profitable exploitation of previously uneconomical deposits, ushering in a new era of gold production.

    Despite its efficacy, the use of cyanide has always been accompanied by environmental and safety concerns. Early regulatory efforts sought to mitigate risks associated with its toxicity, but the economic advantages of cyanide-based extraction continued to outweigh these considerations for many decades.

    Today, the gold mining industry faces unprecedented scrutiny. The rise of ESG investment standards has placed significant pressure on mining companies to adopt more sustainable practices. Investors are also increasingly wary of the reputational and financial risks associated with environmentally harmful mining techniques.

    In recent years, regulatory bodies worldwide have implemented stricter environmental regulations, directly impacting cyanide-dependent operations. These evolving standards not only pose compliance challenges but also threaten the long-term viability of traditional extraction methods. Several countries, including Costa Rica, Argentina, Germany, Hungary and the Czech Republic, have taken decisive action to ban or heavily regulate the use of cyanide in gold mining operations. This shift reflects a global trend towards more sustainable mining practices and stricter environmental protections. As a result, mining companies now find themselves navigating a complex landscape where environmental stewardship is as crucial as operational efficiency.

    Ripe for industry disruption

    The gold mining sector's search for cyanide alternatives is driven by a combination of environmental pressures, regulatory changes and economic incentives. Clean extraction technologies offer numerous benefits:

    • Reduced environmental liabilities and associated costs
    • Improved social license to operate in sensitive areas
    • Enhanced compliance with evolving regulations
    • Potential access to new deposits previously considered too environmentally sensitive for traditional mining methods

    The transformation of the gold mining industry is well underway, driven by technological innovation and changing societal expectations. Investors play a crucial role in this transition, with their support accelerating the adoption of cleaner technologies. As ESG considerations become increasingly central to investment decisions, companies embracing sustainable practices are likely to see enhanced access to capital and improved market valuations.

    Technology companies that present a viable and more sustainable alternative to cyanide-based mining have the potential to take a bite from the massive multi-billion cyanide industry.

    “There's $2 billion worth of cyanide consumed every year with no current alternative. Even a small market share would result in significant revenues,” said Duane Nelson, CEO of Innovation Mining, in an interview with Investingnews.com.

    He added, “We are developing the only cost-effective alternative to the extensive use of cyanide in gold extraction. With over 90 percent of global gold production relying on cyanide, there’s definitely a business model here that makes a lot of sense,” Nelson added.

    Innovation mining: Pioneering clean gold extraction

    Innovation Mining has developed a breakthrough technology that promises to revolutionize gold extraction. This eco-friendly chemical formula, called RZOLV, is designed for the efficient extraction of precious metals from ores, concentrates, and tailings. The cyanide-free solution is inexpensive, safe, stable and scalable, representing a paradigm shift and disrupting the status quo toward responsible and sustainable mining.

    RZOLV is a water-based, non-toxic formula, effectively dissolving gold from ores, concentrates and tailings into a stable gold complex. RZOLV integrates seamlessly with existing mining infrastructure and is compatible with most leaching systems. Recent independent testing by SGS, the world's leading inspection, verification, testing, and certification firm, confirms that RZOLV delivered 85.69 percent gold recovery which is similar to cyanide, which achieved 84.90 percent under the identical conditions. The potential benefits include streamlined permitting processes, reduced contamination risk, improved compliance with regulations, lower insurance, monitoring, and remediation costs.

    This innovative approach not only addresses the environmental concerns associated with cyanide use but also aligns with the industry's growing focus on sustainability.

    Future of sustainable gold mining

    Policy changes favoring green mining practices are anticipated to increase over the near term. Governments worldwide are exploring incentives for sustainable resource extraction, potentially creating a regulatory environment that further encourages the adoption of cyanide-free technologies. This shift not only benefits the environment but also opens new opportunities for mining companies to operate in previously restricted areas.

    As cyanide-free extraction technologies mature and gain widespread adoption, the industry may witness a fundamental reshaping of the sector. This evolution promises not only to mitigate environmental risks but also to unlock new value for investors, communities and the planet as a whole.

    Investor takeaway

    The shift toward more environmentally friendly gold extraction represents both a challenge and an opportunity for the mining industry. Companies like Innovation Mining are leading the charge, demonstrating that profitability and sustainability are not mutually exclusive. As this golden revolution unfolds, it offers a compelling narrative of innovation, responsibility and sustainable growth in one of the world's oldest industries.

    Innovation Mining is currently offering a private placement to qualified investors and anticipates an IPO in Q2 of 2025.

    For more information, please email info@innovationmining.com or visit their website at innovationmining.com

    This INNSpired article is sponsored by Innovation Mining. This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by Innovation Mining in order to help investors learn more about the company. Innovation Mining is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.

    This INNSpired article was written according to INN editorial standards to educate investors.

    INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

    The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Innovation Mining and seek advice from a qualified investment advisor.

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