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13.04.26 - 14:03
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pH7 Technologies Announces Oversubscribed Series B Final Closing and $55M CAD Total Financing Package to Address Global Critical Minerals Shortage (Business Wire)
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Backed by global industrial and financial investors, the company has completed its Series B equity financing and secured additional venture debt to strengthen supply chain resilience amid rising geopolitical competitionVANCOUVER, British Columbia--(BUSINESS WIRE)--As global demand for critical minerals accelerates and supply constraints intensify, pH7 Technologies Inc. today announced the oversubscribed final closing of its Series B financing round. The company raised approximately USD ~$32 million in equity, with new backing from Asahi Kasei and the Circular Innovation Fund (CIF), alongside previously announced investors, led by Fine Structure Ventures, with participation from BHP Ventures and continued support from existing investors. The financing comes amid a widening structural gap between demand for metals like copper and the industry's ability to economically extract them from existing resources.
In addition, pH7 has secured venture debt financing from RBCx, bringing the total financing package, i...
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