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Startup Claims Fusion Breakthrough Could Turn Mercury Into Gold

San Francisco-based fusion startup Marathon Fusion claims to have turned mercury into stable gold, potentially opening new possibilities for precious metal production. Founded in 2023 by Kyle Schiller and former SpaceX engineer Adam Rutkowski, the company says its result exceeded a record set by CERN by a factor of 10. The claim has not been independently verified.

A Fusion Company With Ambitious Backers

Marathon is developing fuel systems for future fusion power plants. It says it works with the U.S. Department of Energy and received a 2023 award from ARPA-E. Its backers include Bill Gates’ Breakthrough Energy and mining group Anglo American, which owns De Beers.

How The Gold Claim Works

Marathon says neutrons from fusion reactions strike mercury, creating an unstable isotope that decays into gold. CERN’s Large Hadron Collider previously produced about 29 picograms of gold during experiments between 2015 and 2018, but the particles existed only briefly before being destroyed in collisions.

Marathon also says its plasma centrifuge has broken a 40-year-old Soviet record for separating isotopes used in fusion fuel. However, it has not disclosed how much gold it produced or the cost, and independent confirmation is still lacking.

Why The Diamond Comparison Matters

Lab-grown diamonds show how technological advances can reshape a precious-material market. As production scaled, wholesale prices fell, creating a cheaper alternative to mined stones.

De Beers launched its Lightbox lab-grown diamond brand in 2018 at $800 per carat but shut it down in 2025 to refocus on natural diamonds. The wider diamond sector has also faced financial pressure, with Anglo American reportedly exploring a sale of its stake in De Beers.

Gold Is A Different Market Entirely

Gold is deeply embedded in global finance. The World Gold Council says mines produced 3,672 tonnes in 2025, while total historical mined output reached about 222,600 tonnes. Central banks also hold gold as a reserve asset and have been buying heavily in recent years.

Gold traded at $4,062 an ounce on Thursday, below its January record high.

A 2025 Marathon study estimated that a fusion plant could produce around five tonnes of gold annually for every gigawatt of electricity generated. If 100 plants reached that output, they could add 500 tonnes a year, equivalent to roughly 14% of 2025 mine production.

That scenario remains theoretical: no fusion plant currently sells electricity, and commercial systems are still years away. Marathon also says the gold could contain radioactive isotopes and might need to be stored for up to 18 years before sale.

The Real Question For Investors

Marathon has not announced plans to commercialise the material. Still, its claim raises questions about whether commercially viable fusion could create new markets for materials traditionally valued for their scarcity.

Transmuted gold could eventually become indistinguishable from mined gold once its radioactivity fades. If gold can be manufactured at scale, the implications for a market built on scarcity could be significant.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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