The pitch
What walked into the Den
Excir Works, born out of University of Saskatchewan chemistry research, developed a solvent that pulls gold out of electronic waste.
The team of Stephen Foley, Graham Fritz, Hiwa Salimi and Loghman Moradi pitched in season 13, asking $1 million for a 10 percent stake at a $10 million valuation.
After the show
What happened next
The pitch produced an unusual result. All six Dragons pooled their resources into a combined $1 million investment, a rare joint move in the den.
The company reads as active. An Alberta corporate registry entry for Excir Works Corp showed annual filings continuing into 2026, and the business is reported to have moved its main plant to Calgary after the show.
Our read
The Hub verdict
Excir produced one of the rarest results the show offers: all six Dragons pooling their money for a combined $1 million against a $1 million for 10 percent ask. Six chequebooks on one deal usually means nobody wanted to be the Dragon who passed, and the business explains the fear of missing it. This is a university chemistry spin-out that pulls gold out of electronic waste, a materials story with a commodity price attached rather than a consumer gamble. The company reads as active in Alberta and moved its plant to Calgary after the episode aired.
All six Dragons pooled $1 million into the gold recovery
