Phoenix Tailings Selected to Receive $1.6 Million in Federal Funding for Technology to Extract Critical Minerals From Wastewater
Phoenix Tailings announced that it has been selected to receive $1.6 million in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E). The funding is part of the Realize Energy-rich Compound Opportunities Valorizing Extraction from Refuse waters (RECOVER) program, which aims to reduce American dependence on critical mineral imports by establishing new, secure domestic supply chains.
Phoenix Tailings Opens Cutting-Edge U.S. Rare Earth Metallization Facility Entirely Independent From China
Phoenix Tailings opened one of the first domestic rare earth metallization facilities with zero reliance on Chinese inputs, equipment, or technology. Initially, the facility will produce 200 tons of both light and heavy rare earth metals each year, with the capacity to scale to more than 1,000 tons per year. This capacity will be able to supply the entire U.S. defense industrial base and ensure the economy remains resilient as rare earths become an increasing challenge.
Rare Earth Metals Refining Company Phoenix Tailings Closes on Additional $33M in Funding From Strategic Investors, Bringing the Round up to $76M to Support Rare Earth Metal Independence
Phoenix Tailings expanded the initial $43 million Series B round, led by Envisioning Partners, to $76 million on a second close. The second close was anchored by Escape Velocity, a venture vehicle founded by former Goldman Sachs executives Ganesh Ramani and Ram Sundaram, along with new investments from Builders Vision, Yamaha Motor Ventures, M Power, and Presidio, the venture arm of Sumitomo Corporation, among several other key investors.
