US-based FAST Metals confirms a US$4.3 million pre-seed equity round to scale its work recovering critical minerals from red mud. New Climate Ventures and Azolla Ventures back the financing, which supports the company's stated effort to scale this recovery work.
FAST Metals is commercializing critical-mineral recovery technology and has raised pre-seed financing. Under a strategic partnership, it plans to process one ton of red mud weekly at Metalox’s Florida facility.
FAST Metals, a Stamford-based company, raises $4.3 million in a pre-seed round led by New Climate Ventures and commercializes its critical mineral recovery technology. The company names Metalox Mineral Corporation as its first commercial customer for processing red mud in Florida.
FAST Metals raises US$4.3 million in pre-seed funding and partners with Metalox Mineral Corp. to advance red-mud recovery projects. The deal covers processing red-mud stockpiles.
