In an effort to reinvent itself, the long-standing institution is transitioning into a professional e-waste treatment facility.

During the extraction process, circuit boards are heated to remove electronic components.

This powder can be heated in a furnace to form solid gold once again.

British Royal Mint launches initiative to extract gold from electronic waste

Furthermore, e-waste is expected to reach 120 million tons by 2050.

A recentUN reportindicates that global e-waste is growing at a rate of 2.6 million metric tons annually.