Phoenix Tailings Secures $76M Series B Funding to Revolutionize Clean Mining and Metals Production

Phoenix Tailings, the world’s first fully clean mining and metals production company, is thrilled to announce a major funding milestone with a raise of US$76,000,000. This significant investment reinforces the company’s innovative approach and commitment to sustainability in an industry typically known for environmental challenges. Founded as part of Techstars Boston 2020, Phoenix Tailings was established to transform the mining and metals production arena by harvesting value from what was once considered waste. By extracting and refining rare earth metals, iron, platinum group metals (PGMs), and pigments from mining tailings, the company not only unlocks the hidden treasure within discarded resources but also does so with zero carbon emissions, setting a new benchmark for clean technology in the sector. The funds raised will be strategically deployed to accelerate research and development of next-generation mining and refining processes, further enhancing the company’s capacity to produce high-quality metals and materials in an environmentally responsible manner. Additionally, investments will support scaling operational capabilities, expanding production capacity, and solidifying partnerships across the global supply chain, all while creating a robust platform for continuous innovation. This infusion of capital is set to further empower Phoenix Tailings’ mission of revolutionizing the mining industry by marrying profitability with sustainability. As the company embarks on this exciting new chapter, Phoenix Tailings is also expanding its team. Professionals passionate about making a tangible impact are invited to explore diverse career opportunities. For more details, please visit www.phoenixtailings.com/careers. This funding milestone marks a significant leap forward not only for the company but also for a cleaner, more sustainable future in metals production.