Gold on carbon
Gold on Carbon

Faster, Cleaner,
Smarter Metal Recovery

Cycladex recovers gold, silver, rare earth and lithium from waste tailings, refractory ores, and complex material systems, without cyanide, without new mines, and with faster economics than any alternative.

Investor Overview Our Solution
TRL 8
Technology readiness, commercial deployment stage
~98%
Recovery rate in optimal conditions
30–50%
Lower operating costs vs. conventional methods
40+
Ore types validated across global environments
Gold on carbon
Gold on Carbon

Unlocking Metals from Complex Materials

Cycladex enables the recovery of gold, silver, rare earth and lithium from tailings, refractory ores, and copper-gold systems using a proven, non-cyanide process.

Oxide Ores

Conventional oxide ores can be processed rapidly using environmentally friendly reagents, eliminating the need for cyanide. This simplifies permitting compared to conventional methods, accelerating timelines and reducing overall production costs.

Refractory Ores

Refractory ores typically yield low recoveries with conventional methods. Cycladex significantly improves recovery rates without the need for costly pressure oxidation, unlocking value from deposits that were previously uneconomic.

Copper-Gold Systems

Copper can hinder gold recovery, leaving significant value unrecovered. Cycladex enables efficient separation and enhanced recovery from these complex ore systems.

Waste Tailings

Previously mined and stockpiled materials that still contain recoverable metals, ready for reprocessing. No new excavation is required, and permitting is typically minimal, enabling faster, lower-cost access to this resource.

Hard Rock Lithium Ores

A lower-cost, flexible process operating under milder conditions to produce lithium carbonate, hydroxide, and lithium metal—without the energy-intensive, waste-heavy requirements of conventional extraction.

Rare Earths

Rare earth elements are essential to clean energy, defense, and advanced manufacturing. Cycladex's process selectively recovers rare earth-bearing materials from complex ores and tailings, reducing reliance on conventional extraction methods.

The Solution

A patented process. Superior recovery.

Cycladex's environmentally friendly extraction process selectively recovers gold, silver, rare earth and lithium without cyanide, toxic ponds, or legacy processing limitations.

01

Feed Material Intake

Waste material tailings, refractory ores, or copper-gold systems — no new excavation needed

02

Non-Cyanide Leaching

Treats toxic tailings ponds and dams, eliminates poisoning of land

03

Separation & Recovery

Liquid-liquid extraction concentrates metals from the process stream

04

Reagent Recycling

Closed-loop system — water-based outputs, zero toxic waste streams

05

Multi-Metal Output

Gold, silver, PGMs, and rare-earths recovered in a single pass

The barriers that kill mining projects — permitting, community opposition, capital requirements — are built into conventional processing. Cycladex is built differently.

Why Projects Succeed With Cycladex

No Contamination Liability

Eliminates the permitting and legal exposure that delays or kills projects. No toxic ponds means no regulatory tripwires.

Faster to Deploy

Off-the-shelf modular equipment means no custom fabrication delays. Get operational in months, not years.

No Acid Plant Required

The single biggest capital cost in conventional lithium processing is gone. 30–50% lower CapEx means projects that were previously uneconomic now are.

Tailings-First Entry

Process already-disturbed material with no new mine permitting required. Skip 2–3 years of environmental review by starting on legacy tailings.

85% Less Water

Water use is the #1 community objection that blocks projects. Cycladex uses ~11 m³/t vs. ~76 m³/t conventional — the answer regulators are waiting for.

Waste Becomes Revenue

Solid processing residue has potential use as construction material — bricks, cement, mine backfill. A disposal cost becomes an additional revenue stream.

Proof of Performance

Validated in the field. Ready to scale.

Process validated across 40+ ore types from mines in Russia, Nevada, Utah, Arizona, and Mexico — consistent performance across diverse geologies.

Active Pilot — 2026

Pilot Plant Operations — South Africa

Pilot plant built and in operation in South Africa. 21 experiments completed. Peak gold recovery of 85% achieved at optimal ORP conditions, with ongoing optimisation underway.

85%

Peak gold recovery across 21 experiments

Pilot to Commercial Scale

Joint Venture — Arizona, USA

20+ pilot tests on high-grade gold ore confirmed faster leaching than cyanide and validated readiness for modular commercial scale-up.

20+

Pilot tests completed, scale-up validated

Licensed Operation

Mexico Processing Facility

Technology licensed to a Mexican partner for ore conventional methods could not treat economically. Royalty revenue model established; expansion to 100+ MT/day planned.

Licensed

IP model proven in commercial operation

Independently Validated

Cyanco Validation

Core process independently validated by Cyanco, one of the world's leading cyanide producers, with $1.3M invested to support development.

$1.3M

Third-party validation investment

600,000+ tons of previously processed tailings validated for Cycladex recovery — gold extracted from material considered waste by conventional methods. No new permits required.

Who We Work With

Value across government, capital, and industry

Cycladex creates value for three distinct audiences.

Government & Public Sector

Recover gold, silver, rare earth and lithium from existing federal and state land materials — simpler and more rapid permitting than conventional cyanide-based approaches.

  • Immediate domestic supply impact
  • Simpler and more rapid permitting than cyanide-based methods
  • Reduces legacy tailings liability
  • Aligned with domestic metals supply priorities

Investors & Capital Providers

Asset-light exposure to rising metals markets with scalable, recurring revenue across multiple material types.

  • Lower cost structure vs. legacy processing
  • Multiple compounding revenue streams
  • Exposure to gold, silver, rare earth and lithium
  • Government grant de-risks co-investment

Mining & Industrial Operators

More metal from the same material — higher recovery, lower costs, no major capital investment required.

  • Higher recovery from existing material
  • Cyanide-free, lower regulatory exposure
  • Process previously uneconomic deposits
  • Modular integration with existing operations
Investor Value

A platform for unlocking long-term value from underperforming assets

Cycladex is the infrastructure layer that makes existing mines more valuable and supply chains more resilient. Revenue compounds across multiple streams.

Processing Revenue

Fee-based processing with direct revenue from recovered metals at each deployed site.

Royalty & Production Participation

Production royalties tied directly to operator output — our economics align with operator success.

IP Licensing

Third-party operators license the Cycladex process, generating recurring fees without proportional capital deployment.

Environmental & Byproduct Revenue

Saleable chemical by-products, remediation credits, and water recycling generate additive revenue at every site.

Investor Differentiator

AI-Enabled Process Intelligence

AI adoption in extractive industries is rare. Cycladex deploys it as a working advantage today — delivering faster site deployment, higher recovery per ton, and a compounding data moat that grows with every operation.

Use Case 01

Chemistry Optimization

AI models maximize recovery of target metals while minimizing co-extraction of contaminants like arsenic and mercury — faster ramp-up at each new site.

Use Case 02

Manufacturing Optimization

AI-assisted monitoring adjusts extraction in real time — improving throughput, reducing reagent use, and shortening cycles. Each operation makes the next one faster.

Use Case 03

Internal Productivity

AI accelerates documentation, licensing workflows, and investor reporting — a signal of operational discipline that scales with the company.

News

Latest News

Leadership

Built by operators and capital markets veterans

Roger Pettman
Founder & Non-Executive Chairman

Roger Pettman, PhD DSc

Founder of Cycladex. Previously co-founded Revolymer, raising £40M including an AIM IPO, and Chirex with a $147M NASDAQ IPO. Brings deep expertise in chemistry commercialization and capital markets.

Dale Arnold
Vice President, Process Development

Dale Arnold

Chemical engineer with 30+ years at DuPont across process development, capital project execution, and commercial operations. Deep expertise in process optimization and control — directly applicable to scaling Cycladex chemistry from pilot to commercial deployment.

John Rajes
Chief Business Officer

John Rajes

Experienced enterprise platform and capital markets executive. Career spanning Goldman Sachs, Deutsche Bank, Barclays, UBS, and LPL Financial, bringing deep institutional investment relationships to Cycladex.

Samantha Davison
Chief Marketing Officer

Samantha Davison

Experienced marketing and corporate communications executive. Prior roles at Alpha Metallurgical Resources (NYSE: AMR), LPL Financial, and TIFIN, bringing deep expertise in investor communications and public markets.

Contact the Team

Building the future of metals recovery requires the right partners. Connect with us to explore collaboration or investment opportunities.

Cycladex
Get in Touch
info@cycladex.com
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