Majestic Corporation is nearing the launch of a catalytic converter marketplace app as it looks to broaden its digital footprint and deepen relationships within the metals and e-waste recycling industry.
Urban miner Majestic said it is in the final stages of developing a beta version of a mobile app that allows suppliers and buyers to identify catalytic converters and estimate their current market value.
The catalytic converter recycling industry is estimated to be worth $17 billion a year, according to market research firm MRU.
Majestic’s app, which will be available globally for a $10-per-month subscription, is expected to enter beta by the end of April 2026.
“We are delighted to share this update as we approach the launch of our catalytic converter marketplace app,” said Peter Lai, Founder, CEO and Chairman of Majestic.
“This platform represents a meaningful step forward for the Company, bringing greater transparency and accessibility to a core category of our organisation.
“By empowering both industry professionals and everyday users to confidently identify and value catalytic converters, we are strengthening our position in the circular economy while opening new channels for engagement and revenue generation.”
Majestic Corporation recycles a wide range of e-waste, including catalytic converters, circuit boards, mobile phones, and renewable energy products, and has seen revenues grow from $29m in 2023 to $49m in 2024.
For the six months to June 2025, Majestic posted a 22% increase in gross profit margin to 8.56%, up from 7.02% in the prior-year period, as the company focused on precious metals amid rising prices.