Reformation Metals

Name

Reformation Metals

Legal name

The Royal Mint Limited

Website

https://reformationmetals.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Precious Metals Recovery from E-Waste

NAICS

Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD)

akta.pro secondary industry

E-Waste & Electronics Metal Recovery (ITAD, Circuit Boards, Precious Metal Recovery) (IMAKAMAG)

Keywords

• Precious metals recovery
• PCB recycling services
• Electronic waste processing
• IT asset disposition
• Circular economy metals

Headquarters

HQ city

Wales

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. PCB Precious Metals Recovery Processing: Reformation Metals charges e-waste recyclers and PCB suppliers for processing their material through its facility. Suppliers receive payment for the full value of their PCB inventory (including gold, silver, copper, palladium content), with most shipments qualifying for payment within seven days. This is a transaction-based model where the company earns fees for the recovery service and retains/gold a share of recovered materials.
2. IT Asset Disposal & Data Destruction Services: Through the Procurri partnership and directly, Reformation Metals offers secure data destruction services for end-of-life IT equipment (laptops, servers, datacentre equipment, military grade equipment), including physical shredding, crushing, degaussing, and up to 4X data wipe. Revenue is generated through service fees for destruction and processing.
3. Sustainable OEM Recycling Pathways: Reformation Metals partners with OEMs to develop bespoke sustainable end-of-life management pathways for their products, recovering precious metals and providing them with ESG reporting and traceability data. Revenue is derived from service fees and material value share.
4. Recovered Precious Metals (Internal Use): Recovered gold is used internally in 886 by The Royal Mint jewellery collection, converting recovered materials into a consumer-facing luxury product revenue stream. Recovered copper, silver, and palladium are also sold.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Reformation Metals operates a precious metals recovery facility in South Wales that processes printed circuit boards (PCBs) from electronic waste to recover gold, silver, copper, palladium, plastics, and fibreglass using Excir's patented clean-tech chemistry combined with mechanical separation. The company serves e-waste recyclers, OEMs, IT asset managers, and government/defence clients with PCB recycling, secure IT asset disposal, IT refurbishment, and bespoke OEM recycling pathway services.

Product overview

Reformation Metals is a division of The Royal Mint offering a suite of interconnected services centred on precious metals recovery from electronic waste. The core offering is PCB Recycling, which uses Excir's internationally patented clean-tech chemistry (combined with precise mechanical separation) to recover up to 99% of gold — alongside silver, palladium, copper, aluminium, fibreglass, and plastics — from printed circuit boards at the company's South Wales facility. Three complementary service lines surround this core: Secure Asset Disposal handles data destruction for sensitive IT equipment; IT Refurb & Recycling manages end-of-life sorting for reuse, recycling, or destruction; and Transforming Recycling Pathways enables OEM partners to build sustainable e-waste pathways for their own end-of-life products. The recovered gold is used downstream in The Royal Mint's 886 luxury jewellery brand, closing the circular economy loop. The company holds 38 international patents underpinning the process and is capable of processing 4,000 tonnes of PCBs per year.

Differentiator

Problem solved

Functional benefit

Brands

• 886 by The Royal Mint: A luxury jewellery collection created using gold recovered from recycled printed circuit boards through the Reformation Metals process, demonstrating circular economy in action.

Products and services

• PCB Recycling
• Secure Asset Disposal
• IT Refurb & Recycling
• Transforming Recycling Pathways

Quantifiable outcome

• 99% of gold recovered from PCBs at 99.9% purity
• +8 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and supporting.

• ProcurricoreChannel Partner/ Reseller/ Distributor · 4 February 2026Procurri was appointed as a key strategic partner for upstream IT asset lifecycle and recovery services. Procurri manages secure collection, decommissioning, and data destruction of end-of-life IT equipment for enterprise and public-sector customers worldwide (operating in UK, EU, USA, Canada, Singapore). Reformation Metals then processes the circuit boards using its clean-technology process to recover precious metals. The partnership provides a joined-up ITAD and metals recovery solution.
• WEEE ScotlandsupportingStrategic or Co-development Partner · 11 November 2025WEEE Scotland is a partner in the G7-funded joint project (NRC-IRAP/UKRI) alongside Reformation Metals and Excir. The project aims to expand the range of metals that can be sustainably recovered from electronic waste. WEEE Scotland provides Scottish e-waste feedstock and contributes to the circular economy initiative.
• ExcircoreStrategic or Co-development Partner · 1 January 2024In 2024, The Royal Mint partnered with Canadian clean-tech company Excir to implement their world-first process for the chemical reclamation of precious metals from e-waste. The partnership combined Excir's chemistry with The Royal Mint's 1,100+ years of precious metals expertise and engineering capability to build the Reformation Metals division and its South Wales processing facility.
• Waste ExpertscoreStrategic or Co-development Partner · 1 January 2024Waste Experts (a subsidiary of City Electrical Factors, CEF) partnered with The Royal Mint Reformation Metals as a domestic solution for precious metals recovery from PCBs, replacing their previous reliance on exporting PCBs to East Asia. Waste Experts dismantles end-of-life electronic equipment, segregates PCBs, and supplies them to Reformation Metals. 270 tonnes of PCBs processed to date. Both companies collaborate at industry events (CEF Live 2025) and co-promote the partnership.
• Infinite RenewablessupportingTechnology or Integration · 26 July 2023Infinite Renewables is The Royal Mint's energy partner for the Local Energy Centre (LEC) that powers the Reformation Metals facility. The LEC comprises a solar farm (4,056 panels), two wind turbines, a hydrogen-ready combined heat and power unit (CHP), and battery energy storage. The LEC generates 70% of the site's power, supporting The Royal Mint's Net Zero 2050 target.
• AreeracoreStrategic or Co-development Partner · 1 January 2023Areera, the UK's largest flat panel display recycler, partnered with Reformation Metals to eliminate overseas export of PCBs. They supply circuit boards (~795 tonnes since 2023, ~50 tonnes/month, ~15% of feedstock) for in-country processing. Benefits include eliminated export permits, full UK traceability, and boosted customer credibility. The partnership includes coordinated delivery scheduling, shared PR, and industry event collaboration.
• Sony UK Technology CentrecoreStrategic or Co-development Partner · 1 January 2022Sony UK Technology Centre in Pencoed, South Wales partnered with Reformation Metals to supply e-waste for local processing, replacing traditional disposal routes. Sony dismantles and prepares WEEE at its facility; material is transported to Reformation Metals for processing. The partnership creates a fully local recycling loop — approximately 8.3 tonnes of e-waste supplied. The partnership enhances Sony's sustainability credentials and supports its circular economy strategy.
• Ministry of DefencesupportingOthersThe Ministry of Defence is listed as a trusted OEM/partner of Reformation Metals on the Transforming Recycling Pathways solution page, benefiting from The Royal Mint's unmatched security credentials for handling sensitive end-of-life military electronics.
• PanasonicsupportingOthersPanasonic is listed as a trusted OEM partner of Reformation Metals on the Transforming Recycling Pathways solution page, collaborating on sustainable end-of-life management pathways for electronics.
• 886 by The Royal MintcoreStrategic or Co-development Partner886 by The Royal Mint is the luxury jewellery brand that uses recovered gold from Reformation Metals' PCB recycling process. This internal partnership closes the circular economy loop: e-waste gold is recovered and transformed into high-value jewellery. It is highlighted as a key differentiator demonstrating real-world circular economy outcomes.

Scale indicators17 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• DOWA Holdings: Japanese environmental management and metals group with substantial e-waste recycling operations, recovering precious metals (Au, Ag, Pd) from printed circuit boards in Japan and across Asia — a comparable integrated e-waste/refining player.
• Umicore: Belgian global materials and recycling group with a major Precious Metals Refining business that recovers gold, silver, platinum, and palladium from industrial and electronic scrap — the most direct large-scale analogue to Reformation Metals' PCB-to-precious-metals recovery.
• Boliden: Swedish metals and mining company with an Electronics Recycling business in Europe that recovers precious and base metals from end-of-life electronics, including PCBs — directly comparable to Reformation Metals' feedstock and recovery model.
• Sims Lifecycle Services: Global IT asset disposition (ITAD) specialist that securely processes and recycles end-of-life IT hardware for enterprise customers — comparable to Reformation Metals' Secure Asset Disposal and IT Refurb & Recycling service lines.
• TES (Total ITAD Solutions): Singapore-headquartered ITAD and e-waste recycling provider with secure data destruction and downstream materials recovery for enterprise IT — overlapping directly with Reformation Metals' upstream ITAD and PCB feedstock activities.
• Heraeus: German precious metals and technology group operating recycling and refining capacity for gold, silver, and PGMs recovered from electronic and industrial scrap, overlapping with Reformation Metals' refining and recovery economics.
• Johnson Matthey: UK-based precious metals and catalyst specialist with PGM and gold refining and recycling capability from spent catalysts and electronics, providing overlapping refining and closed-loop recovery expertise to Reformation Metals' niche.
• Materion: US-based advanced materials company operating precious metals refining and recycling (esp. gold, silver, PGMs) for industrial and electronic applications — comparable in feedstock and recovery economics to Reformation Metals.

Broad incumbents

• Veolia: Global environmental services operator with UK and EU e-waste collection and processing operations, including WEEE streams; a broad incumbent recycler touching the same upstream feedstock Reformation Metals targets.
• Aurubis: European leader in non-ferrous metals (copper, precious metals) recycling and refining; although a broad incumbent with copper-centric operations, its precious-metals and multi-metal recovery capabilities overlap with Reformation Metals' refining economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-royal-mint-reformation-metals

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Reformation Metals