Phoenix Tailings reposted this
Congratulations to the entire team at Phoenix Tailings for closing their Series B! They are on a crucial mission to bring rare-earth metal production back to the USA to support our modern technologies while also improving the processes to be zero-waste and zero-emissions. The team has made incredible technological breakthroughs to enable this and I'm excited to see them delivering their produced metals. It's been an incredible journey so far supporting Nicholas Myers Michelle Chao Tomás Villalón Jr., PhD Anthony Balladon since the very early days and excited to see their vision continue to unfold!
🎆Exciting News to End the Year! 🎆 I’ll start with the same quote folks probably have heard me say many times before. Building a startup is HARD. Building a startup focused on making a massive impact and cleaning up the world is VERY HARD. Thanks to Yong Hyun Kim and Envisioning Partners we are one admittedly large step forward to achieving what many folks deemed impossible. We’re thrilled to announce a major milestone for Phoenix Tailings: the successful close of our Series B funding round! Envisioning Partners led this round, which received incredible support from Yamaha Motor Ventures, Escape Velocity, BMW i Ventures and IQT (In-Q-Tel). This funding is a testament to the growing demand for sustainable, zero-waste solutions in the critical materials industry. Rare earth metals are essential to powering today's and tomorrow's technologies—from electric vehicles to consumer electronics to advanced defense systems. At Phoenix Tailings, we’re committed to creating a zero-waste, zero-emission supply chain for these indispensable materials. With this investment, we’re taking bold steps forward to scale our operations and deliver on our mission of revolutionizing the rare earth metals industry. This includes expanding our capacity, enhancing our innovative technologies, and driving sustainable practices across the supply chain. We’re honored to partner with visionary investors who share our belief in a greener, cleaner future. Together, we’re reshaping how critical materials are sourced and refined, ensuring that innovation doesn’t come at the cost of our planet. Thank you to our investors, our team, Ernest Scheyder at Reuters for sharing our story, and everyone who believes in the future of sustainable critical metals. The best is yet to come! Anish Patel Kei Onishi Gavin Mackay Ram Sundaram Derek Jeong, CFA Ganesh Ramani Allen Chen Kasper Sage Yumiko Murakami Matt Lanza, CRM, ARM, CIC Matthew Donaghey Jon Chait Ross Leav Nichola Eliovits And thank you to Matt Whitehead for getting the deal done! #PhoenixTailings #SeriesB #Sustainability #RareEarths #Innovation #CleanTech #CircularEconomy