Water filtration company targeting estimated $1 trillion worth of precious metals sitting in old mining sites.
"Scientists have known for years that this is a very effective answer in nature for water filtration," NanoStruck CEO Bundeep Singh Rangar told Mississauga.com, giving the example of shrimp in a dirty harbour. "The question is how do you take that shell and repurpose that for human purposes and industrial purposes?"
Testing from mining operations in Africa showed that the technology could "retrieve more than 80 per cent of some of the precious metals they contain," Mississauga.com wrote.
Coming at it as a water treatment company gives NanoStruck an advantage because they have the technology to extract tiny particles of precious metals from water, Rangar told 680 News.
"We can pull out precious metals from tailings … left behind from the primary mining activities … gold, silver, platinum, palladium. Things that would not be easy to pull out for a mining company."