Modern Mining makes NYSE American debut

AI desk brief

Modern Mining began trading on NYSE American under MDRN on Friday after completing an approximately $40 million IPO; its shares closed down 3.5%, with a reported $36.1 million market capitalization. The company is preparing to commercialize a proprietary aqueous-based process to recover gold, silver, palladium, copper and other metals from electronic waste. CEO Jeet Basi said the process had been successfully demonstrated and IPO proceeds would support increased processing capacity. Any additional precious-metals supply would depend on commercialization and expansion; the article provides no output volumes or timetable establishing a material near-term bullion effect.