Exurban UK – the circular economy metals recycling company – is delighted to welcome Rio Tinto and the Giampaolo Group as strategic investors.  Rio Tinto, the global mining and metals company, and the Giampaolo Group, a leader in recycling and closed loop manufacturing, will partner with us to set new standards in recycling electronic scrap (e-scrap) and in associated advanced technology projects.

The companies are each taking a minority stake in Exurban. Welcoming the investment, Stefan Boel, Chief Executive of Exurban said:

“Rio Tinto and Giampaolo are world leaders. They join Mitsubishi Materials Corporation as strategic investors in Exurban UK. We share a vision of supplying critical metals to industries of the future by deploying new, zero waste recycling technology. I am excited about working together to make that vision a reality”.

This partnership allows Rio Tinto to continue finding better ways to provide materials the world needs through supporting Exurban’s work to advance recycling. For Giampaolo it reinforces the company’s commitment to long term sustainability and harvesting value deeper within the circular economy while adding to their recycling portfolio in North America.

At Exurban these new strategic partnerships add to our credibility and strengthen our finances as we develop our first recycling plant in North America, and then as we roll out our technology internationally. We believe this investment will provide the foundation for a growing and long-standing business relationship.

We now have in place world leading, strategic investors who express faith in our technology, share our ambition for future growth and who bring industrial expertise to each part of our value chain:

Mitsubishi Materials:  a world leader in materials and technology

Rio Tinto: with 150 years of mining and processing experience, and

The Giampaolo Group: with state-of-the-art knowledge of recycling and closed loop manufacturing

Together, these partnerships give us access to an unparalleled level of industrial expertise, supported by significant balance sheet strength. We look forward to working with all our investors as we move ahead with delivery of the world’s first zero waste circular economy recycling plant.

For further information contact: Peter Morgan. Director of Communications: peter.morgan@exurban.com