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01.05.25 - 16:45
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Rare Earth Metals Refining Company Phoenix Tailings Closes on Additional $33M in Funding From Strategic Investors, Bringing the Round up to $76M to Support Rare Earth Metal Independence (Business Wire)
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The oversubscribed round will scale domestic rare earth production to establish domestic rare earth metal independence just as China uses export controls to drastically limit supply and threaten U.S. manufacturing.
WOBURN, Mass.--(BUSINESS WIRE)--Phoenix Tailings expanded the initial $43 million Series B round, led by Envisioning Partners, to $76 million on a second close. The second close was anchored by Escape Velocity, a venture vehicle founded by former Goldman Sachs executives Ganesh Ramani and Ram Sundaram, along with new investments from Builders Vision, Yamaha Motor Ventures, M Power, and Presidio, the venture arm of Sumitomo Corporation, among several other key investors.
The investments will fund the expansion of Phoenix Tailings' proven rare earth processing technology, which integrates both separation and metallization to transform U.S. and allied raw materials into finished rare earth metals domestically. The new Exeter, New Hampshire facility will have a total capacity of 500 tons per year ...
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27.04.25 - 00:42
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Mahindra to acquire nearly 59% of SML Isuzu for Rs 555 crore (Times of India)
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Mahindra & Mahindra Ltd. has announced its strategic move to acquire approximately 59% stake in SML Isuzu for Rs 555 crore, purchasing shares at Rs 650 each. This acquisition includes Sumitomo Corporation's 44% stake and Isuzu Motors' 15% stake, triggering a mandatory open offer for public shareholders....
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11.03.25 - 19:00
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Yet another AI robotics firm lands major funding, as Dexterity closes latest round (TechCrunch)
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The intersection of robotics and AI continues to attract attention from investors and Big Tech alike. The latest indicator? Dexterity, a startup specializing in industrial robots with “human-like” finesse, has raised $95 million at a post-money valuation of $1.65 billion, per Bloomberg. The investment, which includes backing from Lightspeed Venture Partners and Sumitomo Corp., highlights […]
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17.12.24 - 02:09
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Australia′s Victory Metals climbs to 6-week high on MOU with Sumitomo Corp (Reuters EN)
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BUZZ-Australia's Victory Metals climbs to 6-week high on MOU with Sumitomo Corp ** Shares of Victory Metals VTM.AX rise as much as 15% to A$0.460, their highest levels since Nov 5 ** Co has signed a Memorandum of Understanding with Sumitomo Corp 8053.T to provide the diversified Japanese firm with 30% of its yearly production of Mixed Rare Earth Ca...
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28.11.24 - 14:13
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Sumitomo, U.S. Funds Bid for Seven & i′s Supermarket Biz (Nippon)
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Tokyo, Nov. 28 (Jiji Press)--Japanese trading house Sumitomo Corp. and U.S. investment funds were among those that applied in the first round of bidding for Seven & i Holdings Co.'s supermarket and other operations, it was learned Thursday. Seven & i will begin assessing the bids for York Holdings Co., its wholly owned intermediate holding company that controls 31 units including supermarket......
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27.11.24 - 06:12
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Sumitomo Mulling Investment in Ito-Yokado (Nippon)
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Tokyo, Nov. 27 (Jiji Press)--Sumitomo Corp. is considering investing in an intermediate holding company that controls supermarket chain Ito-Yokado Co., people familiar with the matter said Wednesday. The Japanese trading house apparently hopes for a synergy effect between the Summit supermarket chain it operates in the Tokyo metropolitan area and Ito-Yokado. The intermediate holding company......
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