RZOLV Technologies Completes NRC IRAP-Supported R&D Project for Non-Cyanide Gold Extraction Technology

Executive Summary

• RZOLV Technologies Inc.'s subsidiary, Innovation Mining, has completed its first research and development project funded by the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).
• The project focused on bench-scale evaluation of the company's proprietary RZOLV™ non-cyanide gold extraction technology, specifically targeting electrochemical regeneration, reagent management, and process-control conditions.
• Completion of the project has expanded the company's internal technical capacity with two new full-time laboratory employees, laying the groundwork for future pilot-scale testing and commercialization efforts.

Key Details

• Project supported by NRC IRAP provided advisory services and funding for proprietary RZOLV™ technology development.
• Bench-scale work evaluated electrochemical regeneration, reagent-management approaches, and process-control conditions.
• Generated internal technical data to inform future closed-loop testing and pilot-scale evaluation.
• Project did not include commercial-scale demonstration or a determination of commercial performance.
• Expanded internal technical capabilities through the addition of two full-time employees to the laboratory team.
• Strengthened in-house capacity will support continued R&D, process optimization, and future scale-up activities.
• Future development plans include further technical validation, process optimization, pilot-scale activities, and strategic commercial engagement related to the RZOLV platform.

Notable Quotes

• Hanif Jafari, Chief Technology Officer: "The completion of this project was valuable for our team as it allowed the Company to carry out focused bench-scale development work while also expanding our laboratory capabilities through the addition of two full-time technical employees. We are grateful to NRC IRAP for its support and for the guidance provided during the project. We look forward to building on this work through further technical evaluation and development of the RZOLV platform."