Financing Boosts Mineral Recovery Technology

PH7 Technologies Inc. has announced the completion of its oversubscribed Series B financing round, raising a total of CAD $55 million to address the global critical minerals shortage. The Vancouver-based company secured approximately USD $32 million in equity. New investors include Asahi Kasei and the Circular Innovation Fund, joining existing supporters led by Fine Structure Ventures. Venture debt from RBCx completes the package, enhancing supply chain resilience against geopolitical pressures.

Funds from this financing will accelerate the deployment of pH7’s technology in the mining sector, with an initial focus on copper extraction. Their method allows for the economic recovery of metals such as copper, nickel, and platinum group metals from low-grade ores and tailings. Proceeds from the financing will also support the commercialization and global deployment of pH7’s extraction technology.

Innovative Extraction Technology

“This oversubscribed financing validates that unlocking value from existing resources is now an economic and strategic priority,” said Mohammad Doostmohammadi, CEO of pH7 Technologies. The technology aims for regionalized, on-site metal processing, reducing environmental impact and improving project economics. A commercial facility operated by pH7 Technologies in Vancouver focuses on platinum group metals extraction. The company plans to extend its applications globally, with copper extraction as an initial target.

Takashi Morishita, Managing Director at Asahi Kasei CVC, expressed support for the initiative, noting, “pH7 is applying electrochemistry and process engineering in a compelling way to help secure a more resilient supply of critical minerals.” The Circular Innovation Fund, a joint venture between Cycle Capital and Demea, highlighted the importance of scalable technologies to bridge the gap between metal demand and supply.

Global demand for critical minerals continues to accelerate, with supply constraints intensifying. As a result, technologies like pH7’s extraction process become essential to meet the surging need for metals worldwide. Backed by industrial and financial investors globally, pH7 Technologies’ efforts contribute to addressing the widening structural gap between metal demand and the industry’s ability to extract them economically.

Governments worldwide are intensifying efforts to secure domestic and allied supply chains, making pH7’s technology increasingly relevant. According to pH7 Technologies, the constraint isn’t discovery but how minerals are processed from existing sources. This initiative aligns with governmental efforts to secure domestic supply chains.