Overview

ChelaTech was founded in 1996 to commercialize patented nano material-based ion exchange technology to deliver cheaper, faster, & more recovery of precious, commodity & specialty metals from ores. 

Our metal displacement chromatography (MDC) columns has been field tested and can generate revenue in 2006 for copper and gold recovery and in 2007 for gallium and indium recovery.

Our goal is to grow a major business enterprise by providing improved metals recovery, higher revenues, lower operating costs, and substantially lower environmental remediation costs to our customers & IP licensees world-wide.  We plan to provide skid-mounted, plug-and-play metal recovery solutions for precious & specialty metals and to work with technology licensees for commodity metals world-wide.

The MDC-1 product has been field tested for gold (MDC-1Au), copper (MDC-1Cu), and gallium (MDC-1Ga) recovery and has shown major economic benefits, including:

• Increased revenue from higher levels of target metals recovery from ores

• Increased revenue from high levels of metals recovery from ores that are difficult or uneconomical to process today

• Increased revenue from recovery from waste streams (tailings)

• Lower costs from simpler recovery processes and lower energy usage

• Lower costs from recovery and reuse of chemicals such as arsenic

• Cost savings due to little to no release of toxic or regulated compounds

• Lower logistics costs from smaller processing units with simpler recovery processes

• Substantial increase in ROI due to throughtput increases from 10x - 40x over that of same priced conventional units.

MDC-1 units can be used in parallel with current installations, or cascaded - with each MDC-1 extracting a different metal, enabling the generation of revenue from metals currently discarded.  Companies can also process metals at sites that are no longer productive or were not exploited based on current economics.

That is, MDC is both an enabling technology for economic extraction of metals of under-utilized or not-utilized ores AND delivers economically superior solutions to existing mines.

Our proprietary platform has been funded by $1.5 million in grants from NIH, NSF, EPA, & DOE, with full rights retained by ChelaTech.  Two fundamental US patents are issued, one of which has been filed in the EU, Canada , & Japan .  Other filings are pending or in process or planned for major mining countries.

Relative to current recovery systems, the technology is efficient, selective, and with low capital and operating cost. A major feature and benefit for speciality metals is the ability to directly provide metal salts with no intermediate processing step, resulting in increased market value (up to 5x versus pure metals).

MDC metals recovery equipment provides significant benefits to current gold and copper mines and can quickly be adapted to a range of other metals, e.g. silver, lead, zinc, mercury, germanium, etc. and at a low engineering cost.

The company is raising $600,000 seed round funding to generate initial revenue by building & installing MDC-1Au systems in Nevada gold mines, to file additional patent applications, & to hire key staff.

We plan to close a multi-million A round in 2006 and a subsequent larger B round in 2007. 

The A round will provide funds for scaled up & reduced cost manufacturing of MDC-1 systems, increased revenues, additional team hiring,  and global outreach to identify additional customers and prospective IP licensees. 

The B round will fund further expansion of revenue generating operations, full team hiring, and additional IP development & global patent applications.

Significant revenue and profitability is projected in 2008.

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