Canada-based Magnetic North Acquisition Corp. announced Wednesday night that it closed its acquisition of Intergild Advanced Recycling Technologies Corp., previously announced Aug. 26.
The combined company focuses on E-waste solutions. According to the United Nations Coalition Report on E-waste, the growth and value of this waste stream presents a significant global problem. The report references the value of the gold in e-waste that was discarded in 2019 at an estimated $62.5B, which may ultimately be doubled when e-waste’s other valuable metals and components are considered. Read more.
