Cycladex Ltd – An Overview
- Founded in 2014 based on selected technologies from Sir Fraser Stoddart, Nobel Laureate in Chemistry,
- Initial Focus is the use of Environmentally Friendly Chemicals in the extraction of gold, without the need to use Sodium Cyanide:
- Technology validated by leading Sodium Cyanide manufacturer, Cyanco ($1b market cap), who invested $1.3m to expand Cyanco’s offering to the mining market,
- Technology developed by grants from the National Science Foundation ($1m), where the technology was peer reviewed, and
- Process scaled up to over 100 MT in Arizona with plant in place.
- Process can be adapted for lithium extraction at significantly lower costs and CAPEX,
- Scaled up to 20 MT of ore seeing lithium carbonate equivalent at 5200 ppm per ton,
- Lithium Carbonate to be manufactured using carbon dioxide providing battery manufacturers with product and carbon credits, and
- All-in costs of $15 per Kg vs selling price of $70 per Kg.
- Fundraising of £5m for capital investment and working capital,
- EIS/VCT qualifying,
- Company EBITDA positive in first year following investment.
Growth Potential - Lithium
Cycladex Lithium began marketing November 2022. Projects to date:
- Complete Lithium Carbonate Optimization using Technology from a Large Gas Company,
- Build Lithium Carbonate pilot plant,
- Gold customer has extensive lithium in ore which they had not tested for Commission plant in Nevada and secure lithium ore source in Year 2 to generate £2m revenue,
- Large mine in Europe initial discussions underway,
- New projects in Australia, and
- Tailings projects including tungsten tailings in Europe and the US.
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Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-