{"id":1020491,"date":"2026-11-12T10:57:16","date_gmt":"2026-11-12T15:57:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/"},"modified":"2026-11-12T10:57:16","modified_gmt":"2026-11-12T15:57:16","slug":"modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/","title":{"rendered":"Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering"},"content":{"rendered":"

<\/p>\n

Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering<\/b><\/p>\n

Common Shares to Begin Trading on NYSE American Under Ticker Symbol \u201cMDRN\u201d on November 13, 2026; Capital to Scale Recovery of Gold and Critical Metals from Electronic Waste<\/i><\/p>\n

GREENVILLE, N.C.–(BUSINESS WIRE<\/a>)–Modern Mining Technology Corp.<\/a> (\u201cModern Mining\u201d or the \u201cCompany\u201d), which uses a proprietary aqueous-based process to recover gold and other valuable metals from electronic waste, today announced that it has closed its initial public offering (\u201cIPO\u201d), raising US$39,999,997 through the sale of 9,411,764 common shares (the \u201cCommon Shares\u201d) at a public offering price of US$4.25 per share.<\/p>\n

Modern Mining\u2019s Common Shares are expected to begin trading on the NYSE American under the ticker symbol \u201cMDRN\u201d on November 13, 2026.<\/p>\n

\u201cWe see electronic waste as an above-ground resource for gold, critical metals, and other valuable metals, with feedstock concentrations that can be significantly higher than traditionally mined ore,\u201d said Jeet Basi, President and CEO of Modern Mining. \u201cAs the volume of e-waste continues to grow, so does the opportunity to recover more of those materials. The completion of our IPO gives us the resources to advance the next stage of our growth: increasing processing capacity, expanding our operations, and continuing to improve our technology. With the financing complete, our focus is on execution and scaling the business.\u201d<\/p>\n

Modern Mining uses a proprietary aqueous-based process<\/a> to recover and concentrate gold and other valuable metals from discarded electronics. The Company sources e-waste from qualified suppliers and processes the material into concentrates that can be sold as partially refined products or further processed to isolate and enrich metals for sale into U.S. and international supply chains.<\/p>\n

The Company sold 8,894,117 Common Shares in the United States and jurisdictions other than Canada through its Regulation A Tier 2 offering under the United States Securities Act of 1933, as amended, and 517,647 Common Shares in Canada pursuant to a long-form prospectus filed with the securities regulatory authorities in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario (collectively, the \u201cProvinces\u201d), which long-form prospectus also qualifies the Company\u2019s Common Shares sold in the Regulation A Tier 2 offering and is available under the Company\u2019s profile on SEDAR+ at www.sedarplus.ca<\/a>. The offering was hosted on Equifund.com. Digital Offering, LLC acted as the lead selling agent for the public offering in the United States, and Research Capital Corporation acted as the agent for the public offering in the Provinces.<\/p>\n

About Modern Mining Technology Corp.<\/strong><\/p>\n

Modern Mining Technology Corp. is a resource recovery company focused on recovering valuable metals from electronic waste. The Company uses its proprietary aqueous-based processing technologies to extract, recover and produce precious and commodity metals, including gold, palladium, silver and copper and potentially 30 other metals. By processing end-of-life electronics, Modern Mining provides an alternative to traditional mining for sourcing valuable metals.<\/p>\n

For more information about Modern Mining, visit https:\/\/modernmining.com\/<\/a>.<\/p>\n

About Digital Offering, LLC:<\/b><\/p>\n

Digital Offering, LLC (“Digital Offering”) is a next-generation investment bank and a leader in crowd-financed public offerings. The firm partners with high-quality private and public growth companies to access U.S. capital markets and achieve their growth objectives. With a strong focus on technology and innovation, Digital Offering applies traditional investment banking best practices to the Jumpstart Our Business Startups (JOBS) Act to maximize deal awareness and connect issuers with the right investors. Interested parties can learn more at digitaloffering.com<\/a>.<\/p>\n

FORWARD-LOOKING STATEMENTS<\/strong>:<\/p>\n

Except for the statements of historical fact contained herein, the information presented in this news release constitutes \u201cforward-looking statements\u201d as such term is used in applicable United States and Canadian securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as \u201cexpects\u201d, or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d, \u201cplans\u201d, \u201cestimates\u201d or \u201cintends\u201d, or stating that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d or \u201cwill\u201d be taken, occur or be achieved) are not statements of historical fact and should be viewed as \u201cforward-looking statements\u201d. We have based these forward-looking statements on information currently available to the Company, assumptions the Company believes are reasonable and our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to, our ability to maintain and increase feedstock of E-Waste supply commitments, the volume and composition of E-Waste feedstock, our ability to economically source, extract and recover E-Waste, our ability to successfully implement our growth strategy on a timely basis, the development of our Greenville, North Carolina facility, risks with respect to engineering, permitting, procurement, construction, commissioning and ramp-up, maintaining necessary permits, licenses or regulatory approvals required to operate or expand our business, changes in laws, regulations, market trends and competition in the Company\u2019s industry, and the assumptions underlying any of the foregoing, and other factors discussed in the Company\u2019s filings with the United States Securities and Exchange Commission (the \u201cSEC\u201d) under Regulation A. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effect on, the Company. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements contained in this news release are made only as of the date hereof. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. The Company encourages investors to review other factors that may affect its future results in the Company\u2019s Offering Circular relating to this offering and its other filings with the SEC, available at <\/i>www.sec.gov<\/i><\/a>, and with the applicable Canadian securities regulators available at <\/i>www.sedarplus.ca<\/i><\/a>. This news release shall not constitute an offer to sell or the solicitation of any offer to buy the Company\u2019s securities.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261112420978\/en\/<\/a><\/span><\/p>\n

Investors<\/b>
info@modernmining.com<\/a><\/p>\n

Media<\/b>
mdrn@gateway-grp.com<\/a><\/p>\n

Digital Offering<\/b>
deals@digitaloffering.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America North Carolina<\/p>\n

INDUSTRY KEYWORDS:<\/b> Recycling Consumer Electronics Mining\/Minerals Environment Technology Sustainability Natural Resources<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering Common Shares to Begin Trading on NYSE American Under Ticker Symbol \u201cMDRN\u201d on November 13, 2026; Capital to Scale Recovery of Gold and Critical Metals from Electronic Waste GREENVILLE, N.C.–(BUSINESS WIRE)–Modern Mining Technology Corp. (\u201cModern Mining\u201d or the \u201cCompany\u201d), which uses a proprietary aqueous-based process to recover gold and other valuable metals from electronic waste, today announced that it has closed its initial public offering (\u201cIPO\u201d), raising US$39,999,997 through the sale of 9,411,764 common shares (the \u201cCommon Shares\u201d) at a public offering price of US$4.25 per share. Modern Mining\u2019s Common Shares are expected to begin trading on the NYSE American under the ticker symbol \u201cMDRN\u201d on November … <\/p>\n

Continue reading “Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1020491","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nModern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering Common Shares to Begin Trading on NYSE American Under Ticker Symbol \u201cMDRN\u201d on November 13, 2026; Capital to Scale Recovery of Gold and Critical Metals from Electronic Waste GREENVILLE, N.C.–(BUSINESS WIRE)–Modern Mining Technology Corp. (\u201cModern Mining\u201d or the \u201cCompany\u201d), which uses a proprietary aqueous-based process to recover gold and other valuable metals from electronic waste, today announced that it has closed its initial public offering (\u201cIPO\u201d), raising US$39,999,997 through the sale of 9,411,764 common shares (the \u201cCommon Shares\u201d) at a public offering price of US$4.25 per share. 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(\u201cModern Mining\u201d or the \u201cCompany\u201d), which uses a proprietary aqueous-based process to recover gold and other valuable metals from electronic waste, today announced that it has closed its initial public offering (\u201cIPO\u201d), raising US$39,999,997 through the sale of 9,411,764 common shares (the \u201cCommon Shares\u201d) at a public offering price of US$4.25 per share. Modern Mining\u2019s Common Shares are expected to begin trading on the NYSE American under the ticker symbol \u201cMDRN\u201d on November … Continue reading \"Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-12T15:57:16+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261112420978r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering","datePublished":"2026-11-12T15:57:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/"},"wordCount":1151,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261112420978r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/modern-mining-announces-closing-of-its-us40-million-reg-a-initial-public-offering\/","name":"Modern Mining Announces Closing of its US$40 Million Reg A Initial Public Offering - 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