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Li-Cycle Corp., the largest lithium-ion battery recycler in North America, will build its third commercial lithium-ion battery recycling facility, to be located in Gilbert, Arizona, within the Phoenix metropolitan area. (Earlier post.) When complete, Li-Cycle’s “Spoke 3” facility will be capable of processing up to 10,000 tonnes of end-of-life batteries...
TechMet closes its second funding round at $120M - TechMet the private strategic metals company backed by the US DFC, closes its second equity funding round with a 50% oversubscription - Largest shareholders now include DFC, Lansdowne Partners and Mercuria. News provided by Share this article Share this article DUBLIN, LONDON and WASHINGTON, April 16, 2021 /PRNewswire/ -- TechMet has announced the closing of its second-round equity fundraising at $120m. The close represents a 50% oversubscription on its $80m target. The final $60m was raised at a 32% increase over the company's initial Rou...
TechMet, a Dublin, Ireland-based private company that invests in projects across the supply chain of the metals critical to electric vehicles and renewable energy systems that form the basis of the green industrial revolution, closed its second-round equity fundraising, at $120m. TechMet’s largest shareholders now include: the US International Development Finance Corporation (DFC – the US Government’s development finance institution); Lansdowne Partners; TechMet Chairman and CEO, Brian Menell. Founded in 2017 by Menell, a British/South African metals industrialist, TechMet is buil...
By Reuters Staff 2 Min Read (Reuters) - Mining investment firm TechMet, which counts the U.S. government as its largest investor, said on Thursday it had closed its second round of funding at $120 million, roughly 50% higher than initially expected. The firm, which controls battery recycler Li-Cycle Corp, has now raised nearly $133 million between its two rounds of funding. TechMet plans to use the funds to continue investments in mines and other projects that produce metals used to make electric vehicles. “Our industry must completely transform itself in order to supply these strategic mat...
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