Groundbreaking Investment: Russell Mineral Equipment Secures $40M to Revolutionize Mill Relining Innovation

We are thrilled to announce that Russell Mineral Equipment (RME) has successfully raised $40,000,000 in new funding, a move that promises to empower our mission to revolutionize the maintenance of grinding mills worldwide. Since our foundation in 1985, RME has proudly established itself as the world’s leading OEM and premier supplier of mill relining technologies and optimization services for hard rock concentrators. Our comprehensive RME Mill Relining System has been designed to make the maintenance of grinding mills safer, more efficient, and to ultimately drive enhanced concentrator performance. Today’s funding will accelerate new product development, broaden our service capabilities, and further strengthen our global support infrastructure, which already reaches over 440 mine sites across continents including APAC, South America, North America, and Africa. At the core of our offering lie innovative products such as the versatile RUSSELL Mill Relining Machines, complex but reliable RUSSELL Mill Liner Handlers, and cutting-edge systems like RME AutoMotion and INSIDEOUT Technology featuring RUSSELL Claw and RME BOTBOSS—all of which represent our dedication to safety and efficiency. The infusion of capital will particularly be directed towards enhancing our THUNDERBOLT range (inclusive of Recoilless Hammers, Suspension systems, Elevating Platforms, SKYPORT, and SKYWAY) and expanding our comprehensive maintenance and optimization programs. This strategic investment further reinforces our commitment to delivering rapid, dependable, and safe mill relining solutions that minimize shutdown times, increase maintenance predictability, and reduce operational risks. Together, with our new funding, we are poised to set new standards in the mining industry and drive unprecedented value for our global customers.