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. A Chemical Institute of Canada magazine article reports all six Dragons pooled their resources to offer a combined $1 million for a stake in the firm, with secondary coverage suggesting the equity landed near 18 percent, a figure we flag as not independently confirmed.
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 money for a combined $1 million against a $1 million for 10 percent ask. The wrinkle is the equity, which secondary coverage puts near 18 percent but which we could not confirm directly, so we present it as reported rather than settled. The company, spun out of university chemistry research, reads as active in the Alberta registry and reportedly moved its plant to Calgary after airing.
All six Dragons invested; exact equity reported not confirmed
Worth knowing: The combined $1 million offer is well sourced, but the exact equity figure comes from secondary reporting we could not verify directly, so we present it as reported rather than settled.
