TechMet has announced the closing of its second-round equity fundraising at $120m. The close represents a 50% oversubscription on its $80m target. The final $60m was raised at a 32% increase over the company's initial Round 2 price, and a 140% increase over its Round 1 price.

TechMet is a private company building world class projects that produce, process and re-cycle "technology metals" critical to EVs, renewable energy systems and energy storage. TechMet's target metals include: lithium, cobalt, nickel, rare earth metals, tin, tungsten, and vanadium. TechMet's core investments include:

Techmet Closes Its Second Funding Round At $120M

Techmet Closes Its Second Funding Round At $120M

Company Info