Through its venture capital fund BMW i Ventures, the BMW Group has taken a stake in US (Colorado) based company, Jetti Resources, as it was informed by BMW on Dec. 1.
By investing in Jetti, the company supports technological progress in the field of copper extraction, with a focus on responsible and resource-conserving methods.
Jetti Resources has developed a unique catalytic leaching technology that enables the extraction of copper from previously unexploited ores. Around 70 percent of the world's copper resources are bound up in those primary sulfide ores. Material, previously stored in dumps and considered waste, can now be tapped into with this new form of resource-conserving extraction.
The BMW Group analyses and prioritises raw materials on an ongoing basis as part of its materials strategy. The goal is to foster responsible and resource-conserving copper extraction to address rising demand in a more sustainable way.
Jetti Resources has developed a pioneering process for copper extraction that utilizes previously unused ore from existing copper mines.
BMW is a German multinational manufacturer of performance luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany.
