Currently, heavy metals and dyes are some of the most critical pollutants in the aquatic environment. So, in this paper "waste-to-resource conversion", as a new application of modified mine silicate waste to remove Pb2+ ion and methylene blue (MB) dye, adsorption properties, mechanism of action and recycling were studied. Silicate wastes are located in the alteration zone and the margin of molybdenum ore, these wastes are under the influence of hydrothermal solutions which are impregnated with iron and manganese ions. Hence, acid and base modifications have been commonly used. So, in this study, a highly porous nanostructure of modified silicate waste was used to remove MB and Pb2+ ion, in subsequent to our previous study on the application of the raw material of the same in the removal of malachite green. Acid, base, and acid/base treatments were used to activate and modify the adsorbent. Results show a significantly higher potential of modified adsorbent in the removal of MB and Pb2+ compared to the raw material. According to the isotherm and kinetic studies for MB and Pb2+ the Langmuir and Temkin and pseudo-second-order models were investigated with experimental data. Modified nanomaterial was used for several adsorption and desorption processes, without a significant decrease in the capability of the adsorbent in the removal of MB and Pb2+ pollutants. Leached iron and manganese ions (as production of modification) are deposited in the form of sludge using a simple pH adjustment and precipitation process and can be used to recover iron and manganese metals in the long run. The comparison of monolayer adsorption capacity using for Pb2+ ion and MB dye are as ((untreated SW: 29.41, 1.05); (NaOH treated: 21.74, 100); (Nitric Acid treated: 16.67, 142.86); (Citric Acid treated: 40, 125); (Nitric/Citric Acids treated: 15.63, 111.11) and (Nitric/Citric Acids/NaOH treated: 15.15, 83.33)), respectively. Higher adsorption capacity and re-generable properties of this adsorbent suggest the usage of this natural and abundant mine waste to treat wastewater containing toxic elements and dyes.