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TechMet closes $200m equity raise for critical minerals operations
TechMet, a critical minerals investment company founded by Brian Menell, has closed its latest $200-million equity fundraising round, putting the firm on track to exceed a billion-dollar valuation in the next few months.
The latest $200-million funding is being deployed across TechMet’s existing portfolio of ten assets that are expanding extraction, processing, recycling and manufacturing capacity.
In the last 12 months, TechMet has invested more than $180-million into critical minerals companies around the world, including Brazilian Nickel, US Vanadium, Rainbow Rare Earths, TechMet-Mercuria, REEtec, Xerion Advanced Battery Corp, Energy Source Minerals, Momentum Technologies, and Trinity Metals.
Given the extent of investor appetite and the range of compelling opportunities to deploy further capital, TechMet is expecting to launch a further fundraising round in the fourth quarter.
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- [Editor:邢亞敏]
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