Excir

What Excir does

Excir Works Corp. is a Calgary-based Canadian cleantech company that has developed a patented and patent-pending room-temperature chemical lixiviant for the selective extraction of precious metals — gold, palladium and platinum — from electronic waste substrates and, in current R&D, from spent catalysts and mining feedstocks. The Excir Gold Chemistry and Excir PGM Chemistry platforms are described as recovering over 99% of surface gold in approximately four minutes at room temperature, using a mild, recyclable lixiviant positioned as a cyanide-free alternative to smelting. The company also describes development of zero-landfill processing that segregates e-waste into precious metals, base metals and plastics streams, and is integrating a per-gram "verified provenance" credential for recovered metals.

Excir operates as a B2B technology licensor rather than as an operator of e-waste facilities. Its flagship commercial deployment is the Royal Mint's Reformation Metals plant in Llantrisant, Wales — processing up to 4,000 tonnes of printed circuit boards per year and producing an estimated 0.5 tonnes of gold, 1,000 tonnes of copper, 2.5 tonnes of silver and 50–60 kg of palladium annually. Revenue economics flow to Excir through licensing fees and royalties; the company also benefits indirectly from the downstream sale of recovered metals used for jewellery and commemorative coinage. Reach is being extended via channel partnerships with IT asset disposition firms (Procurri) and UK waste aggregators (Recycling Lives Services), as well as via a Canada-UK R&D collaboration funded up to $1.5M by the National Research Council of Canada under the Canadian Critical Minerals Strategy.

The company is led by co-founder and CEO Aaron Logan (679+ patents, P.Eng, Oxford MBA-equivalent), Executive Chairman Jim Fox (former CEO through end-2024; previously VP Operations Canada at National Oilwell Varco), and Board Director Wade McGowan (former CEO of Ironhand Drilling). Co-founders Hiwa Salimi (CTO) and Loghman Moradi are listed as founders. The firm holds ISO 45001 certification, is registered in Alberta as Excir Works Corp., and maintains a small headcount in the 11–50 range with no disclosed institutional investors.

Name

Excir

Legal name

Excir Works Corp.

Website

https://excir.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Excir (Excir Works Corp.) is a Calgary-based cleantech company that licenses patented, room-temperature chemical lixiviant technology for recovering gold, palladium and platinum from electronic waste, with a flagship deployment at the Royal Mint's Reformation Metals plant in Wales and R&D expansion into spent catalysts.

Ownership category

akta.pro rank

Product category

Precious Metals Recovery Technology

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Chemical Manufacturing (325)

SIC

Miscellaneous Chemical Products (2890)

akta.pro primary industry

Electronics Dismantling & Pre-processing (Depollution, Sorting, Shredding) (EUAIAIAC)

akta.pro secondary industry

Electronic-Grade Solvents & Thinners (IMAEAKAD)

Keywords

• Precious metals recovery
• Electronic waste recycling
• Urban mining technology
• Circular economy chemistry
• PGM extraction solutions

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Technology Licensing: Excir licenses its patented gold chemistry and PGM chemistry technologies to large industrial partners such as the Royal Mint's Reformation Metals, who operate e-waste processing facilities at scale. Revenue is generated through licensing fees and royalties.
2. Precious Metal Sales (via Partner Operations): The Royal Mint uses Excir's technology to recover approximately half a tonne of gold, 1,000 tonnes of copper, 2.5 tonnes of silver, and 50–60kg of palladium annually from 4,000 tonnes of printed circuit boards. Extracted metals are used to produce jewellery and commemorative coins, with non-precious metals sold to other companies as raw material. Excir benefits indirectly through its licensing arrangements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Excir develops and licenses proprietary room-temperature chemical lixiviant technology that selectively extracts precious metals — specifically gold, palladium, and platinum — from electronic waste substrates and spent catalysts. The company's patented Excir Gold Chemistry and Excir PGM Chemistry achieve over 99% recovery rates in seconds to minutes at room temperature, and the mild, recyclable lixiviant serves as an environmentally preferable alternative to cyanide-based extraction and traditional smelting.

Product overview

Excir offers a portfolio of proprietary precious metals extraction technologies delivered as chemical processes and processing services. The core offerings include Excir Gold Chemistry and Excir PGM Chemistry (both patented/patent-pending), which together enable rapid, room-temperature recovery of gold, palladium, and platinum from electronic waste substrates with 99%+ efficiency. These technologies are applied through Electronic Waste Processing services, where circuit boards are processed to recover precious metals while converting base metals and plastics into reusable streams. Excir is also developing Spent Catalysts Processing technology to expand into catalytic converter recycling. The company positions itself as enabling a 'small-scale refining renaissance' with traceable, ethically sourced precious metals production.

Differentiator

Problem solved

Functional benefit

Brands

• EXCIR GOLD CHEMISTRY: Patented technology for gold extraction from e-waste substrates using room-temperature chemistry.
• EXCIR PGM CHEMISTRY

Products and services

• Excir Gold Chemistry Patented and patent-pending technology for the extraction of gold from electronic waste substrates at room temperature, achieving 99%+ recovery rates using an eco-friendly, recyclable lixiviant solution. Licensed to industrial partners such as the Royal Mint's Reformation Metals for large-scale e-waste processing.
• Excir PGM Chemistry Patented and patent-pending technology for the selective extraction of platinum group metals (palladium and platinum) from electronic waste substrates and spent catalysts using mild, recyclable chemical solutions.
• Electronic Waste Processing Processing service that recovers precious metals (gold, palladium, platinum) from e-waste circuit boards with 99%+ gold recovery, while separating the remaining material into base metals and plastics streams for circular economy applications targeting zero-landfill impact. Deployed at industrial scale through licensed partners such as the Royal Mint's Reformation Metals.
• Spent Catalysts Processing R&D-focused processing technology for recovering precious metals (palladium, platinum) from spent catalysts, with initial focus on catalytic converters, addressing the lack of domestic in-country recovery solutions in markets like Canada where catalytic converters are currently exported to overseas smelters.

Quantifiable outcome

• Recovers >99% of surface gold content from e-waste circuit boards
• +5 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Recycling Lives ServicesminorStrategic or Co-development Partner · 27 May 2026The Royal Mint has partnered with Recycling Lives Services to recover gold and platinum group metals from circuit boards extracted from end-of-life electronics collected at UK household waste recycling centres. Circuit boards are processed at Recycling Lives' Preston facility and transferred to the Royal Mint's Reformation Metals plant in Wales. This partnership extends Excir's technology reach through the Royal Mint's supply chain.
• Excir Works Corp. (Calgary-based)coreTechnology or Integration · 6 March 2026Calgary-based Excir Works Corp. (the parent/legal entity) is partnered with the Royal Mint under Canada-UK international collaborations worth up to $1.5 million, funded by the National Research Council of Canada (NRC), as part of the Canadian Critical Minerals Strategy. The partnership focuses on recovering precious metals from electronic waste.
• ProcurriminorStrategic or Co-development Partner · 5 February 2026Reformation Metals (Royal Mint's e-waste division using Excir's technology) partnered with Procurri, a global IT asset disposition firm, to recover precious metals from retired IT equipment. Procurri handles secure collection and decommissioning while Reformation Metals processes circuit boards using Excir's technology to recover up to 99% of surface gold content.
• Royal Mint (Reformation Metals)coreTechnology or Integration · 6 August 2024Excir's patented room-temperature chemistry is licensed to the Royal Mint's Reformation Metals division, which operates a 4,000-tonne-per-year e-waste processing plant in Llantrisant, Wales. The facility recovers approximately 0.5 tonnes of gold, 1,000 tonnes of copper, 2.5 tonnes of silver, and 50–60kg of palladium annually from printed circuit boards. This is Excir's flagship commercial deployment and primary reference customer.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Johnson Matthey: UK-headquartered specialty chemicals and sustainable technologies company historically focused on PGM-based catalysts and precious metals refining. Comparable in PGM recovery from spent catalysts and traceable precious metals supply chains, though as a large diversified incumbent rather than a niche licensor.
• Umicore: Belgian global materials technology and recycling group with a major precious metals refinery and e-waste/catalyst recycling business (Umicore Hoboken). Direct overlap in precious metal recovery from e-waste and spent catalysts but at much larger industrial scale and as part of a broader materials portfolio.
• Heraeus: German precious metals and technology group operating one of the world's largest precious metals refineries, including recycling from e-waste and industrial residues. Comparable as an established precious metals refiner offering traceable, ethically sourced metals — a key buyer/producer competing for the same ESG-conscious customer base.
• Boliden: Swedish metals producer and major e-waste/electronics recycler operating the Rönnskär smelter, one of Europe's largest precious metals recovery operations. Direct overlap in precious metal recovery from circuit boards but as a vertically integrated smelter/refiner.

Direct peers

• EnviroLeach Technologies: Canadian cleantech company that has developed a proprietary cyanide-free and environmentally friendly hydrometallurgical solution to recover precious metals from electronic waste. Direct comparable to Excir's chemistry-first, room-temperature, cyanide-free gold/PGM extraction approach and similar target customers (e-waste recyclers, ITADs).
• Mineworx Technologies: Canadian junior resource/cleantech company that has developed a proprietary non-cyanide precious metals extraction process (HxTM) for both mined material and e-waste. Highly comparable technology approach (mild chemistry, cyanide alternative) and licensing-style business model targeting recyclers and miners.
• Cirba Solutions: North American e-waste and battery materials recycler formed from the combination of Heritage Battery Recycling and Retriev Technologies. Comparable as an ITAD/electronics recycler that Excir's chemistry could either serve as a licensee or compete against for downstream feedstock access.

Emerging players

• Retriev Technologies: North American specialist in recycling batteries and catalysts, with growing precious metals recovery operations. Adjacent to Excir's spent catalyst vertical; a potential partner or competitor depending on chemistry choices.
• Li-Cycle: Canadian-headquartered battery materials recycler (now under Glencore ownership) pioneering hydrometallurgical recovery of critical metals from end-of-life batteries. Comparable cleantech/recycling story and Canadian base, but focused on battery metals rather than gold/PGM from e-waste.

Regional players

• Stena Recycling: Sweden-based major European recycling group with electronics and precious-metals-bearing waste streams. Comparable as a potential European licensee for Excir's chemistry given the e-waste volumes handled, but operates regionally rather than as a global licensor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Excir