Earthworks Industries Inc. (the “Company” or “Earthworks”) is pleased to announce that it has entered into a binding memorandum of understanding dated February 10, 2026 (the “MOU”) to acquire 100% of the Intellectual Protocol for a minerals recovery system (the “System”), including associated intellectual property, modular processing architecture, and a cloud-based operating and management platform designed to support system deployment, operational oversight, data capture, and scalable network growth, from Wokaura Art and Innovations Inc. (“Wokaura”).
The transaction represents a complementary strategic evolution for Earthworks, positioning the Company to pursue opportunities across urban mining, legacy mine waste and tailings reprocessing, and digitally managed, modular metals recovery infrastructure.
In connection with the transaction, Chad McMillan, founder of Wokaura, will join Earthworks as Strategic Advisor through his advisory firm, McMillan Strategies, supporting the integration, commercialization, and long-term scaling of the system.
STRATEGIC RATIONALE AND SYSTEM OVERVIEW
The acquired intellectual property underpins a comprehensive recovery framework designed to accelerate the production of recoverable metals through non-traditional and secondary sources, including:
- Urban mining and above-ground materials recovery
- Reprocessing of historical mine waste, tailings, and waste rock
- Modular and scalable processing system infrastructure
- Integrated recovery, processing, logistics, monitoring, and commercialization workflows
- Cloud-based, web-enabled operating system network intended to support system oversight, facility reporting, operational data capture, customer management, and decision support