PhoenixTailings Secures $43 Million in Series B Funding for Sustainable Mining Innovation

PhoenixTailings, an innovative company that emerged from Techstars Boston 2020, is excited to announce that it has successfully raised $43 million in a recent funding round. The significant investment underscores the growing recognition of PhoenixTailings' vision to revolutionize the mining and metals production industry by being the world's first fully clean operation. By focusing on harvesting the untapped value inherent within mining waste, PhoenixTailings is addressing critical environmental challenges while producing zero carbon emission metals. This includes not only rare earth metals and iron but also platinum group metals (PGMs) and pigments, laying the groundwork for a sustainable future in materials sourcing. The funding will be directed towards expanding the company’s capabilities, scaling operations, and accelerating research and development initiatives. These efforts are crucial for enhancing the technology that allows PhoenixTailings to extract valuable resources without contributing to climate change. As part of the company’s growth strategy, PhoenixTailings is committed to driving innovation in the metals sector, which has been long plagued by polluting practices. The additional capital will enable the team to invest in state-of-the-art equipment and expand their workforce. In line with this growth phase, PhoenixTailings is also expanding its team, and we invite passionate individuals who share our vision for sustainable mining to explore opportunities with us. Interested candidates can find available positions by visiting www.phoenixtailings.com/careers. Join us at PhoenixTailings as we lead the charge towards a cleaner, greener future!