pH7 Technologies Closes $39M Series B to Scale Critical Mineral Extraction
Vancouver-based cleantech firm pH7 Technologies has successfully closed its Series B funding round, securing nearly $32 million in equity and an additional $7.5 million in venture debt from RBCx. This brings the company's total financing to over $39 million for immediate deployment. The final close, led by Fine Structure Ventures with participation from new investors like Asahi Kasei and BHP Ventures, exceeds the initial $30 million target despite a challenging market. pH7 plans to use these funds to commercialize its organic electrochemical extraction technology, which sustainably recovers high-value critical metals such as copper and platinum from low-grade ores and waste materials. Currently operating a revenue-generating demonstration plant in Burnaby, British Columbia, the company aims to expand globally by embedding its technology at partner mining sites and establishing new recycling facilities between 2027 and 2028. This expansion addresses growing demand for critical minerals driven by AI data centers, clean energy transitions, and supply chain sovereignty concerns, aiming to reduce reliance on dominant markets like China.
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pH7 Technologies Closes $39M Series B to Scale Critical Mineral Extraction
Vancouver-based cleantech firm pH7 Technologies has successfully closed its Series B funding round, securing nearly $32 million in equity and an additional $7.5 million in venture debt from RBCx. This brings the company's total financing to over $39 million for immediate deployment. The final close, led by Fine Structure Ventures with participation from new investors like Asahi Kasei and BHP Ventures, exceeds the initial $30 million target despite a challenging market. pH7 plans to use these funds to commercialize its organic electrochemical extraction technology, which sustainably recovers high-value critical metals such as copper and platinum from low-grade ores and waste materials. Currently operating a revenue-generating demonstration plant in Burnaby, British Columbia, the company aims to expand globally by embedding its technology at partner mining sites and establishing new recycling facilities between 2027 and 2028. This expansion addresses growing demand for critical minerals driven by AI data centers, clean energy transitions, and supply chain sovereignty concerns, aiming to reduce reliance on dominant markets like China.
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