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ENERGY TRANSITION: The complex path to net zero | Metal Bulletin.com

Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as “the dumbest experiment in human history.” ....

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TechMet closes its second funding round at $120M

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.
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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 Round 2 price, and a 140% increase over its Round 1 price.
TechMet 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. ....

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Dublin-headquartered TechMet raises $120m, seeking a further $250m

Dublin-headquartered TechMet raises $120m, seeking a further $250m
Company invests in rare metals used in electric vehicles and tech products
about 3 hours ago

TechMet, a Dublin-headquartered company that invests in assets that produce rare metals, has raised $120 million (€83 million) and intends to secure a further $250 million in the coming months.
The company was founded in 2017 by British/South African metals industrialist, Brian Menell, who also leads Kemet Group, a company focused on developing natural resource projects across sub-Saharan Africa.
TechMet invests in assets that produce metals for which global demand will vastly outweigh supply as the world moves to clean energy technologies. Among the metals it is focused on are lithium, cobalt, nickel, rare earth metals, tin, tungsten, and vanadium. Many of these metals are used in solutions such as electric vehicles and renewable energy systems. ....

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