The multinational mining company Sibanye-Stillwater has signed an agreement to acquire Metallix Refining, a U.S. company specializing in the recycling of precious metals, for an estimated enterprise value of $105 million.
Metallix Refining acquisition and strategic expansion
Based in North Carolina, Metallix has operated for more than six decades in the treatment of industrial waste containing metals such as gold, silver, platinum, palladium, rhodium, iridium and copper. In 2024 alone, it processed about 4.2 million pounds of materials, extracting more than 20,000 ounces of gold and nearly 900,000 ounces of silver, among other strategic metals.
This acquisition represents a move for Sibanye-Stillwater, which owns recycling facilities in Montana and Pennsylvania. The integration of Metallix increases its operational capacity while providing specialized technology and local expertise with global reach through its commercial presence in the United States, the United Kingdom and South Korea.
According to the group, Metallix has reported positive earnings and cash flow, which will make an immediate contribution to Sibanye-Stillwater’s results. In addition, the integration of capabilities is expected to optimize the group’s internal logistics and improve traceability in the supply of recycled materials.
With this operation, Sibanye-Stillwater takes another step forward in its positioning as a key player in the recycling and refining of critical metals. refining of critical metals. The transaction is scheduled to close in the third quarter of 2025. Meanwhile, the group continues to advance its goal of building a global value chain around strategic metals, combining traditional mining with sustainable industrial reprocessing solutions.
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Source and photo: Sibanye-Stillwater /PDF
