BMI Group acquires minority stake in Destiny Copper to advance cleantech mineral recovery in Canada
April 23, 2025
Destiny Copper, based in Niagara, Canada, has announced that BMI Group, Ontario, Canada, has purchased a minority stake in the company. This investment is intended to support the expansion of Destiny’s copper recovery to copper powder production (CR-to-CP) pipeline, a proprietary technology that produces copper from industrial and mining waste.
Paul Veldman, CEO of BMI Group, stated, “This investment will accelerate Destiny’s innovative copper recovery to copper powder (CR-to-CP) pipeline technology, a proprietary process that transforms industrial and mining waste into valuable copper resources. By supporting this sustainable approach to metal recovery, we’re enhancing Canada’s mining sector with forward-thinking solutions that bring new economic value to environmental stewardship while reinforcing our country’s reputation for mining excellence.”
Greg Hanna, CEO of Destiny Copper, shared, “Our collaboration with BMI provides important strategic benefits. Combined with our recent $2.5 million non-dilutive funding from FedDev Ontario, this investment will expand and accelerate operations, create new jobs in Niagara, and advance our critical mineral production capabilities.”
Destiny Copper is also working with the Canadian Space Agency and NGen on applications for its copper powder as an additive for rocket fuel, demonstrating potential uses beyond traditional applications.
The investment comes amid ongoing global supply chain reconfiguration and BMI Group’s foresight into the future of Canadian cleantech development.
“This partnership combines financial and strategic resources to build resilient new critical mineral manufacturing capacity in Canada,” Hanna added.
