RCS - Weir Group PLC - Weir and CiDRA announce collaboration agreement

WeirAnnouncement

12/05/2025 10:00

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RNS Number : 2352I  Weir Group PLC  12 May 2025

12 May 2025

Press Release

Weir and CiDRA announce strategic investment and global collaboration
agreement

The Weir Group PLC ("Weir"), a leading engineering and mining technology
company, and CiDRA Minerals Processing Inc. ("CiDRA"), a leader in mineral
processing technologies, announce that they have signed a global collaboration
agreement alongside a strategic investment by Weir in CiDRA's mining business.

This partnership will accelerate the commercialisation and deployment of
CiDRA's P29 technology, which introduces an innovative mineral separation
solution and unlocks novel flowsheet designs. Under the terms of the
agreement, Weir and CiDRA will collaborate globally to leverage the benefits
of the P29 technology to develop and deliver transformative flowsheet
solutions to help mining companies meet the challenges of reduced head grades,
water restrictions, reduced carbon emissions, and tailings impound safety.

Commenting on the agreement, Andrew Neilson, President of Weir's Minerals
division said:

"We are excited to collaborate with CiDRA, whose track record of innovation
aligns strongly with Weir's mission to deliver mining technology for a
sustainable future. CiDRA's P29 technology has the potential to unlock
enhanced productivity and sustainability for customers and we're pleased to
help bring that impact to mines around the world."

Kevin Didden, CEO of CiDRA added:

"This strategic partnership with Weir represents a transformative opportunity
for CiDRA to scale its innovative P29 technology with a partner that has
global reach, a customer-centric approach and that is deeply embedded in the
mining value chain. Together, we aim to shift the paradigm in minerals
processing by enabling mining companies to significantly reduce energy and ESG
related impacts per tonne of metal produced, while unlocking substantial value
from in-ground assets."

Through this partnership, CiDRA and Weir will jointly develop and deliver
cutting-edge mineral processing flowsheets that combine increased throughput
with high-efficiency comminution and mineral separation solutions, with the
aim of reducing energy and water usage per tonne of metal produced.

The collaboration will combine CiDRA's innovation engine with Weir's extensive
customer-centric global footprint, complementary product range and vertically
integrated operating model. Together, the companies will drive forward a
shared vision: to make mining smarter, more efficient, and more sustainable -
delivering enhanced resource recovery with reduced environmental impact per
tonne of metal produced.

 

Notes to editors

P29 technology

CiDRA's P29 Technology is a novel mineral separation platform applicable to a
broad range of minerals. Utilising CiDRA's proprietary engineered hydrophobic
media, the process decouples and independently optimises the key steps of
particle selectivity and attachment, transport, and stripping/release. This
enables highly selective recovery across a wide particle size range - from
ultra-fine to coarse - while minimising hydraulic entrainment. P29 supports
innovative flowsheet designs that reduce energy and water use and unlock
significant improvements in mineral recovery and operational efficiency.

 

About The Weir Group PLC

Founded in 1871, The Weir Group PLC is one of the world's leading engineering
businesses with a purpose to make its mining and infrastructure customers'
operations more sustainable and efficient. Weir's highly engineered technology
and digital solutions enable critical resources to be produced using less
energy, water and waste while reducing customers' total cost of ownership. The
Group is ideally positioned to benefit from structural trends that support
long-term demand for its technology including the need for more essential
metals to support economic development and carbon transition. The Group has
c.12,000 employees operating in over 50 countries with a presence in every
major mining region of the world. Find out more at www.global.weir
(http://www.global.weir/) .

Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN)
and its American Depositary Receipts trade over-the-counter in the USA
(ticker: WEGRY).

 

About CiDRA Minerals Processing Inc.

CiDRA Minerals Processing develops advanced technologies that create new
paradigms in the mining industry, focused on improving recovery, enhancing
operational efficiency, and supporting sustainability goals. CiDRA provides
solutions to over 718 mine sites across 73 countries and is now introducing
its proprietary P29 platform to help reshape the future of mineral separation.
CiDRA's SONARtrac(®) flowmeter technology is trusted by mining operations
worldwide for accurate, non-invasive measurement of abrasive slurry flows. In
addition, CiDRA's CYCLONEtrac™ particle size tracking system delivers
real-time classification performance monitoring and optimization at the
individual hydrocyclone level, helping mining operations maximise throughput
and recovery.

 

 Enquiries:
 Investors: Philip Carlisle  +44 (0)141 308 3617
 Media: Sally Jones          +44 (0)141 308 3666
 CDR: Kevin Smith            +44 (0)7710 815924

                              weir@cdrconsultancy.com

 

 

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