News

Rail-Veyor® Moves to the Fast Track with New Investor RCF Jolimont Mining Innovation Fund II L.P.

8 MARCH 2021 – Canadian company Rail-Veyor Technologies Global Inc. (Rail-Veyor) is pleased to announce it has agreed to accept an offer from RCF Jolimont Mining Innovation Fund II L.P. (RCF Jolimont II) for a significant stake in Rail-Veyor.

RCF Jolimont II, a global investor in mining innovation, adds Rail-Veyor to its portfolio of high growth Mining Equipment, Technology and Services (METS) companies which are transforming the industry. Rail-Veyor was first brought to the attention of RCF Jolimont II during the 2019 Mining Cleantech Challenge which Rail-Veyor subsequently won in 2020.

RCF Jolimont II is part of Resource Capital Funds a group of commonly managed private equity funds, established in 1998 with a mining sector specific investment mandate spanning all hard mineral commodities and geographic regions.

The Rail-Veyor TrulyAutonomous™ haulage system is a low-cost, fully autonomous, and electrically powered materials handling system operational in mines around the world. With zero diesel emissions and significantly reduced OPEX costs over traditional methods – 90% lower than diesel truck haulage – the system will also eliminate the potentially fatal risk factors of vehicle-human accidents and belt fires.

Charles Gillies, a Director at RCF Jolimont Innovation, part of Resource Capital Funds, stated, "Rail-Veyor is at the nexus of three major trends in mining: the rapid shift to electrification, automation, and a growing emphasis on environmental sustainability. The Rail-Veyor system is a cleaner choice compared to diesel for both the planet and the workforce with no heat, dust, or dangerous particulates generated by the system."

Rail-Veyor is successfully operating at three mines with a fourth becoming operational soon when the Kazzinc Dolinny Mine implementation in Kazakhstan is completed.

Rail-Veyor Executive Chairman Jim Fisk added, "We welcome the investment from RCF Jolimont which will enable us to fast track the rollout of the Rail-Veyor system to the many other sites with which we are close to signing deals."

RCF Jolimont II's Charles Gillies and Lex McArthur will join the Rail-Veyor board of directors. Clairfield International (Thierry Pepin – Canada) acted as exclusive financial advisor to Rail-Veyor while the Chicago-based law firm McLachlan, Rissman & Doll provided legal advisory services to the Company.


About RCF Jolimont Mining Innovation
RCF Jolimont Innovation invests in high growth mining equipment, technology and services (METS) companies, assisting these companies to be globally successful. The METS sector presents investment opportunities, magnified during periods of volatile commodity prices and/or high operating costs. Mining companies rely increasingly on METS companies to provide incremental as well as step-change solutions to improve productivity and lower costs.

RCF Jolimont Innovation is part of Resource Capital Funds, ("RCF"), a group of commonly managed private equity funds, established in 1998 with a mining sector specific investment mandate spanning all hard mineral commodities and geographic regions. Since inception, RCF has supported 197 mining companies, with projects located in 51 countries and across 32 commodities. Further information about RCF can be found on its website www.resourcecapitalfunds.com.


About Clairfield International
Clairfield International www.clairfield.com provides advisory services on middle-market transactions for large companies, private investors and private equity, public sector clients, and family businesses. Headquartered in Europe with locations in every major region worldwide, Clairfield offers clients access to local corporate businesses, investors, and key decision makers, combined with a deep understanding of local regulations and cultures. Clairfield International ranks as one of the top independent M&A advisors in league tables worldwide.

Contacts

Charles Gillies, Director, RCF Jolimont Innovation charlesg@rcfjolimont.com
Jim Fisk, Executive Chairman, Rail-Veyor Technologies Global Inc. jfisk@railveyor.com
Lisa Youngblood, Executive Director, Marketing & Communications, Rail-Veyor Technologies Global Inc. lyoungblood@railveyor.com


Rail-Veyor® Wins 2020 Mining Cleantech Challenge

SUDBURY, ONTARIO, CANADA – Canadian company Rail-Veyor Technologies Global Inc. won first place in the 4th annual Mining Cleantech Challenge on July 23, 2020. Along with winning the title, a US$5,000 prize was awarded which RVTG announced would be used for education-based marketing to mining companies, engineering and consulting companies, and mining schools.

Their technology was chosen by mining executives and investors in the industry as the best among a competitive field of 13 total companies representing the United States, Canada, Australia, and the United Kingdom. An international team of judges reviewed and voted on the winners at the first ever virtual Mining Cleantech Challenge hosted by Colorado Cleantech Industries Association (CCIA).

“The Rail-Veyor® TrulyAutonomous™ haulage system is a natively electric solution so there are no diesel emissions to affect the workforce or community of a mine either underground or on surface applications. We are proud that the Rail-Veyor system is a cleaner choice for the planet than other standard bulk material hauling choices with the added benefit of significantly reduced opex costs,” Rail-Veyor’s Lisa Youngblood, Executive Director of Marketing and Communications, stated of the winning technology.

Sponsors and partners of the program included Newmont, BHP, Fresnillo, Royal Gold, Ausenco, Clareo, Colorado School of Mines, Consulate General of Canada – Denver, Dorsey, Jolimont Global Mining Systems, Resource Capital Funds, Rocky Mountain Institute, and The J.P. Morgan Center for Commodities at UC Denver Business School.

CCIA’s Executive Director, Helen El Mallakh reflected on the relationship between cleantech and the mining industry, “Today, the mining industry is being called upon to provide the materials that are necessary to build a more sustainable global economy. In many ways, mining is at a pivot point and cleantech is the catalyst. That is why the technologies that are used in this sector are so meaningful and why events like the Mining Cleantech Challenge are critical in advancing the process.”

Following the Mining Cleantech Challenge, a virtual networking reception was held where guests of sponsors and presenting companies joined cleantech industry leaders. In addition to Rail-Veyor’s winning presentation, Earth Alive Clean Technologies from Canada took in second place and NanoSeis from Colorado rounded out the top three.

“On behalf of CCIA, I thank our sponsors, partners, and participants for making this year’s Challenge so successful, and we look forward to future Mining Cleantech Challenges that will be held in less challenging times for us all,” Helen El Mallakh concluded.

Ms. Youngblood expressed, “We were excited to be selected as a finalist for the Mining Cleantech Challenge. The change to a virtual event provided some challenges, but it was great to meet innovators from around the globe. With so many exceptional ideas presented during the day, I was honestly surprised and thrilled when Rail-Veyor was announced as the winner. We are looking forward to advancing the conversations with industry leaders who are making cleantech a priority for their companies.”


RVTG Announces Addition to Board of Directors

GREATER SUDBURY, Ontario, Canada – Rail-Veyor® Technologies Global Inc announced today the appointment of Michelle Ash to the company’s board of directors, effective April 15, 2020. Ash’s appointment brings the board membership to six.
“We are excited to welcome Michelle to our board of directors. She brings years of leadership in key areas, such as mining innovation, strategy implementation, and project execution, that are vital to our future operations and strategy,” said Jim Fisk, RVTG Executive Chair. “Michelle’s counsel and expertise will bring energy to our board and strengthen RVTG’s commitment to the mining industry to better serve our employees, customers, and shareholders.”
Ash is currently CEO of GEOVIA at Dassault Systèmes and has made significant contributions to the mining sector with a focus on innovation strategy, technology, and digital transformation. She is highly passionate about mining and infrastructure and remains focused on delivering sustainable solutions that help these sectors to continue to create and shape the world in which we live.

As Chair of the Global Mining Guidelines Group – GMG, Michelle has contributed to develop best practices and guidelines for the implementation of technology and socially enabled changes in the mining industry. She is also on the advisory board of several start-ups such as Petra Data Science, OffWorld, Behault, Descartes Labs and MineSpider.

Previously she was Chief Innovation Officer at Barrick Gold Corporation where she oversaw the company’s innovation program, looking both at how innovation can drive productivity in the existing business as well as how it can be harnessed to deliver alternative business models. Ash began her career as a blasting engineer with Rio Tinto and has held several operational roles in various mining companies and across commodities.

Michelle was named to the 2016 list of “100 Global Inspirational Women in Mining” by Women in Mining UK and won the Technology Innovator of the Year Award by Mines and Technology in 2019.  She holds a degree in Civil Engineering and an Executive MBA from the Melbourne Business School; she also holds a degree in Psychology from Deakin University.

Follow Michelle on Twitter: MichelleAsh18
Follow RVTG on Twitter: RailVeyor

ABOUT RVTG
Rail-Veyor Technologies Global Inc is the premier solution for material haulage offering an emission-free, battery-free, and autonomous technology. RVTG offers a complete solution to industries looking for an innovative way to move industrial, mining, or agricultural products. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver safe, effective, and efficient solutions.
For more information contact: Lisa Youngblood, Manager of Marketing and Communications, lyoungblood@railveyor.com


Kazzinc & Rail-Veyor Sign Agreement to manufacture and install a new Rail-Veyor® system in Kazakhstan

SUDBURY, ONTARIO, CANADA – January 11, 2020 – Rail-Veyor Technologies Global Inc. (RVTG) is proud to announce they have signed a License and Service Agreement with Kazzinc, one of the largest and most innovative mining organizations in Kazakhstan. This agreement allows Kazzinc and RVTG to work together to manufacture, install and operate a new Rail-Veyor® material handling system at Kazzinc’s Dolinny mine.

The 3.8 km mostly underground system will be part of Kazzinc’s mining operations to move gold ore from the mine to any of three different stockpiles located on the surface. Plans are for the system to be operational in January of 2021.

"We are overjoyed at Kazzinc's decision allowing us to provide our Rail-Veyor® technology as a new material haulage solution for them," says Jim Fisk, Executive Chairman for Rail-Veyor. "This system will provide significant savings while being in line with Kazzinc's environmentally-friendly strategy. Rail-Veyor's successful implementation is expected to open the door for expanding mining operations and additional installations."


Rail-Veyor plays a key role in improving performance at Agnico Eagle’s Goldex Mine

Here’s an excerpt from their quarterly report.



Rail-Veyor Takes 3rd Place at the 2019 Mining Cleantech Challenge

Rail-Veyor was chosen by mining executives and investors in the industry as one of the best among a competitive field of 12 total companies representing the U.S., Canada and Israel. An international team of judges reviewed and voted on the winners.

The third annual Mining Cleantech Challenge quickly and efficiently provides targeted connections between mining industry operators, OEMs, and clean technology solution providers with a mutually beneficial goal of meeting industry’s needs while simultaneously introducing innovative solutions to the marketplace.

“While the global mining industry navigates an evolving market, certain producers are integrating innovative technology and alternative, less polluting energy sources into mining operations,” said Shelly Curtiss, Executive Director of Colorado Cleantech Industries Association, which hosts the Mining Cleantech Challenge.

To be successful in today’s mining industry, you need advanced solutions, solutions that impact your bottom line but also advance your social license to operate. Mining companies are looking for ways to save water and energy within their facilities and are engaging their suppliers to integrate practices that conserve resources through remote sensing, on-site power, data analytics, and other methods. Rail-Veyor is proud to be included among this distinguished list.

“It is truly an honor to receive such an award but it’s also amazing to think that in certain situations if a Rail-Veyor system is used then the top two winning solutions would not be needed,” stated Jim Fisk, Executive Chairman of Rail-Veyor Technologies Global Inc.


Rail-Veyor Expands with a New Tech Center to Meet Industry Demand

Rail-Veyor is pleased to announce the establishment of the Rail-Veyor Tech Center in Houghton, Michigan. This new technology center will work in conjunction with our Canadian headquarters in the design, engineering, and execution of current and ongoing projects to meet customer needs.

The Tech Center is staffed with experienced engineers and project managers who are dedicated to delivering the highest level of technical service to support feasibility studies, product design, installation and commissioning.


Rail-Veyor® Material Handling System is now hauling all Deep 1 production material at Agnico Eagle's Goldex Mine

SUDBURY, ONTARIO, CANADA – March 21, 2018 – Rail-Veyor Technologies Global Inc. is proud to announce that it's Rail-Veyor system is now hauling all of the production material at Agnico Eagle Mines Limited's (NYSE: AEM, TSX: AEM) Goldex Mine in Val-d'Or, Quebec, Canada for their Deep 1 project. Installation of the energy-efficient 3 km underground system began as part of Goldex's new Deep 1 project which was started up in July 2017.

The Rail-Veyor system was installed to haul material at lower operational costs than other alternatives such as trucks or conveyors. As mine production has ramped up, a total of six Rail-Veyor trains are being used in a fully automated and synchronized operation.

"We're very pleased that we were able to successfully provide this safe, green, and efficient system for Agnico's Goldex Mine," says Frank Ward, V.P. Sales and Marketing for Rail-Veyor. "Now that this industry-leading technology is operational and hauling the Deep 1 production material, Agnico Eagle will continue to benefit with every load."