Extrakt Process Solutions

What Extrakt Process Solutions does

Extrakt Process Solutions LLC is a privately held Kentucky-based technology company (founded 2011, headquartered in Bowling Green) that develops and licenses ionic liquid-based processes for liquid-solid separation, with applications spanning tailings dewatering, cyanide-free metal recovery, oil and bitumen extraction, and environmental remediation. Its technology stack rests on TNS (Tailings Native Solution) chemistry and ionic liquid separation, in which the ionic liquid acts as a separating fluid immiscible with hydrocarbons; this enables sharp phase separation, water-IL closed-loop recirculation via vacuum distillation, and tailings solids content above 75%. The company holds more than 40 global patents, has filed additional applications in the US and Canada, and has validated its process on samples from Alberta, Utah, Kentucky, California, Nigeria, the Democratic Republic of the Congo, Kuwait, and Canada.

Name

Extrakt Process Solutions

Legal name

Extrakt Process Solutions LLC

Website

https://extraktps.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Extrakt Process Solutions is a Bowling Green, Kentucky-based technology company that licenses ionic liquid-based processes for tailings dewatering, cyanide-free metal recovery, oil and bitumen extraction, and environmental remediation to mining and energy operators.

Ownership category

akta.pro rank

Product category

Mining Process Technology

NAICS

Other Chemical Product and Preparation Manufacturing (3259), Chemical Manufacturing (325)

SIC

Industrial Organic Chemicals (2860), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Solid–Liquid Separation & Dewatering (Thickening, Filtration, Clarification) (IMAKALAF)

akta.pro secondary industries

Mining & Metals Process & Water Chemicals (IMAEAJAJ), In-Situ Chemical Treatment (ISCO/ISCR, Chemical Oxidation/Reduction) (EUAIALAE)

Keywords

• Ionic liquid separation
• Tailings dewatering technology
• Non-cyanide leaching
• Mineral processing technology
• Environmental remediation services

Headquarters

HQ city

Bowling Green

HQ country

United States

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

Revenue model

1. Technology Licensing: Licensing of proprietary ionic liquid and cyanide-free processing technology to mining and energy companies. Four-year Master Licence Agreement with Fulcrum Metals for exclusive access in Ontario.
2. Pilot Plant Development Services: Pilot-scale processing and demonstration services including flowsheet development for oil extraction, oil spillage clean-up, dewatering, and metal recovery applications.
3. Testing Agreements: Bench-scale and pilot-scale testing services through third-party testing agreements for various applications.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Extrakt Process Solutions develops and licenses proprietary ionic liquid and TNS (Tailings Native Solution) chemistry technologies for liquid-solid separation in mining, oil sands, and environmental remediation applications. The company sells three core technology platforms—TNS dewatering technology, non-cyanide leach metal recovery, and ionic liquid oil/bitumen separation—primarily through licensing agreements, strategic partnerships, and pilot-scale test work services.

Product overview

Extrakt Process Solutions offers a suite of sustainable liquid-solid separation technologies built on proprietary ionic liquid chemistry and TNS (Tailings Native Solution) technology. The portfolio includes three core technology platforms: TNS Technology for tailings dewatering achieving >75% solids content, the Extrakt Non-Cyanide Leach Technology for metal recovery, and the Ionic Liquid Separation Process for oil/bitumen extraction. These technologies work synergistically to enable water recovery, metal extraction, and environmental remediation without requiring tailings ponds. The company also provides pilot-scale test work services and has secured over 40 global patents. The technologies have been validated across diverse samples including oil sands from Alberta, Utah, Kentucky, California, Nigeria, and the Democratic Republic of Congo, as well as contaminated soils from Kuwait and oil spill residues from the Deepwater Horizon disaster.

Differentiator

Problem solved

Functional benefit

Products and services

• TNS (Tailings Native Solution) Technology
• Extrakt Non-Cyanide Leach Technology
• Ionic Liquid Separation Process
• Oil/Bitumen Extraction Process
• Test Work Services
• Environmental Clean-Up Solutions

Quantifiable outcome

• Achieves solids content greater than 75% in tailings dewatering
• +2 more outcomes

Named customers1 record

Segments4 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

Five partnerships are on record, tiered core and flagship.

• Fulcrum MetalscoreOEM/ Whitelabel/ Licensing Partner · 1 January 2025Four-year exclusive Master Licence Agreement providing Fulcrum Metals with exclusive access to Extrakt's cyanide-free processing technology in Ontario, Canada. Partnership supports pilot plant development for the Teck-Hughes Gold Tailings Project.
• BechtelflagshipStrategic or Co-development PartnerBechtel & Extrakt Alliance for global technology deployment. Bechtel is a major engineering, construction, and project management company bringing global reach to Extrakt's technology commercialization.
• TDI SolutionscoreTechnology or IntegrationPartner in stand-alone pilot-scale processing agreements alongside Extrakt and Bechtel Energy Technologies & Solutions for processing operations.
• Bechtel Energy Technologies & SolutionscoreStrategic or Co-development PartnerCollaboration with Bechtel Energy Technologies & Solutions as part of agreements for stand-alone pilot-scale processing in Ontario.
• International Industrial PartnerscoreStrategic or Co-development PartnerWilliam Florman serves as President, Co-Founder & Senior Partner of International Industrial Partners. This strategic connection provides global business development capabilities across mining, metals, and technology sectors.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Metso: Global leader in mineral processing equipment and services, including thickeners, filters, and tailings solutions. Broad incumbent providing established mechanical separation alternatives to Extrakt's ionic liquid chemistry.
• Cyanco: World's largest producer of sodium cyanide for gold mining. As a major incumbent in cyanide leaching, Cyanco represents the established technology that Extrakt's non-cyanide leach directly competes against.
• FLSmidth: Global supplier of engineered equipment and process technologies for the mining and cement industries, including tailings management and solid-liquid separation solutions. Broad incumbent competing across Extrakt's dewatering and processing flowsheet.
• Andritz Separation: Industrial separation equipment and process solutions provider with applications in mining, mineral processing, and environmental industries. Comparable as an established separation technology incumbent.
• BASF Mining Solutions: Major global supplier of mining chemicals including reagent alternatives to cyanide and tailings treatment chemistries. Broad incumbent competitor with portfolio scale that Extrakt's niche chemistry competes against.
• Solvay Mining Chemicals: Global supplier of specialty mining and phosphoric acid process chemicals, including reagents used in mineral processing and tailings management. Comparable as a large incumbent in mining process chemicals.

Direct peers

• BQE Water: Specialist in water management and treatment for the mining sector, including tailings water and selenium removal. Directly comparable to Extrakt's tailings dewatering and mine water management value proposition.
• Clean TeQ Water: Provides water treatment and metals recovery technologies for the mining industry, including ion exchange and selective recovery processes. Comparable as an emerging technology provider addressing tailings and mine water challenges.
• Dundee Sustainable Technologies: Canadian cleantech company commercializing cyanide-free gold and silver recovery processes and tailings treatment. Most directly comparable to Extrakt on non-cyanide leaching and environmental metals recovery.

Others

• SGS Mining: Global testing, inspection, and certification company serving mining with metallurgical testing, flowsheet development, and pilot plant services. Comparable as an ecosystem enabler for bench- and pilot-scale mining technology development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/extrakt-process-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 Extrakt Process Solutions