Blackgold Subsidiary PureCycle Recycling Private Limited Secures Eligibility Under the National Critical Minerals Mission to Advance India's Critical Material Supply Chain

PureCycle Recycling Private Limited, a subsidiary of the Blackgold group, has been cleared for eligibility under the Incentive Scheme for Promotion of Critical Mineral Recycling, administered by the Ministry of Mines, Government of India under the National Critical Minerals Mission (NCMM). The formal validation was issued by the Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDDC), the designated Project Management Agency for the scheme.

PureCycle's upcoming facility in Goa will be the state's first integrated recycling and critical material recovery operation targeting advanced industrial waste streams. 

Targeting the Materials That Power Modern Technology

India's fastest-growing industries - semiconductors, electric vehicles, clean energy, and aerospace, share a common dependency: a narrow set of critical materials that are difficult to extract, difficult to refine, and increasingly difficult to source reliably from global markets.

PureCycle's facility is designed to address this gap directly. Its targeted waste streams include complex electronic assemblies, telecom infrastructure scrap, and specialised industrial waste, feedstocks that carry significant concentrations of Rare Earth Elements (REEs) and Platinum Group Metals (PGMs) but have historically been discarded or exported for processing elsewhere.

The recovered materials serve three core industrial verticals:

• Semiconductor & Microelectronics: Precursor compounds for advanced solid-state circuitry and power electronics.
• Electric Mobility & Aerospace: High-grade oxides and refined metals for propulsion systems, energy storage, and defence applications.
• Clean Energy: Refined elements for sustainable power generation and industrial catalysis.

Why This Is Harder Than Conventional Recycling

Recovering critical minerals from industrial waste is not a straightforward metallurgical exercise. These elements exist in extremely low concentrations within complex material matrices. Their separation demands precise chemistry, controlled processing environments, and sophisticated purification capabilities. Very few operations globally have achieved this at commercial scale and fewer still through urban mining rather than primary ore.

This is precisely why PureCycle's approach represents a meaningful advance. The facility is designed not for bulk, low-yield recycling but for targeted, high-integrity recovery, where material purity and process consistency meet the tolerance requirements of advanced manufacturing.

Commenting on the development, Mr. Prabhu Ram, CEO & Managing Director, Blackgold, stated, "Securing eligibility status under the National Critical Minerals Mission is a definitive validation of Blackgold's long-term vision to insulate India's high-tech manufacturing sector. By establishing advanced greenfield recovery infrastructure, we are moving beyond traditional waste processing to secure critical, sovereign supply chains. This milestone positions us as a core enabler of the nation's technological independence, ensuring that tomorrow's aerospace, EV, and semiconductor industries are powered by secure, domestically recovered strategic materials."

Adding further perspective on the strategic significance of the initiative, Mr. Pankaj Tirmanwar, COO & Co-founder, Blackgold, said, "What PureCycle represents is a fundamental rethinking of where industrial value originates. For decades, the assumption has been that critical materials begin their life in a mine. We are proving they can begin in a circuit board, a spent motor catalyst, or a decommissioned telecom tower electronics. The economics of that shift when done at scale and with process rigour are transformative.

There is a convergence happening that makes this moment particularly significant. On one side, global enterprises face mounting pressure to demonstrate responsible material sourcing and circular commitments. On the other hand, the same enterprises face acute supply risk for the critical materials their technologies depend on. PureCycle sits precisely at that intersection, offering a recovery pathway that simultaneously satisfies sustainability mandates and secures material supply."

A National Imperative, Now with Industry Backing

Speaking from the ramparts of the Red Fort on Independence Day, Prime Minister Narendra Modi placed critical minerals at the centre of India's sovereign ambitions: "Whether it is the energy sector, the industrial sector, the defence sector, or any field of technology, critical minerals play a very important role. The entire world is now quite alert about them - something that received little attention until recently is now at the centre stage. For us too, self-reliance in critical minerals is extremely essential."  

That call from the highest office is now finding its answer in industry. PureCycle's eligibility under the NCMM is precisely the kind of private sector response the Mission was designed to catalyse domestic infrastructure, built on Indian soil, converting end-of-life industrial waste into the materials that advanced manufacturing cannot function without.

For India, the equation has long been clear: the country consumes significant volumes of these materials but has historically recovered very little of them from end-of-life industrial waste. Bridging that gap requires purpose-built infrastructure, rigorous process capability, and a policy environment that makes the economics viable. PureCycle's project in Goa brings all three together.

By converting complex technology waste into domestically recovered critical materials, the facility contributes directly to reducing import dependency while building a more resilient industrial supply chain - one grounded in circular principles rather than extraction.

About Blackgold

Blackgold is one of India's leading circular economy companies, focused on large-scale recycling, material recovery, and sustainable reintegration through integrated, infrastructure-driven recycling ecosystems. The company brings structure and scalability to a fragmented industry by transforming inconsistent waste streams into reliable resource networks that support long-term industrial sustainability.