PH7 Technologies, a Vancouver-based startup, raised $25.6 million to advance its innovative metal extraction technology amid rising global demand for critical minerals.
Target Company Overview
PH7 Technologies, a Vancouver-based startup, specializes in the extraction of metals from recycled and mined materials. Recently, the company raised $25.6 million in funding to enhance its mining technology, underlining its commitment to tackling the growing demand for critical minerals such as copper, platinum, palladium, and rhodium.
The startup utilizes a proprietary electrochemical process that efficiently recovers metals from waste sources without generating wastewater and while operating at low voltage. Currently, PH7 operates a modest commercial demonstration facility in Vancouver, managing the extraction of 30 to 50 metric tons of material per month from recycled waste, including materials obtained from old vehicle catalytic converters and industrial catalysts.
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Industry Overview in Canada
The mining industry in Canada is significantly influenced by the rising demand for critical minerals, necessary for the manufacturing of various technological products, incl
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Fine Structure Ventures
invested in
PH7 Technologies
in 2025
in a Series B deal
Disclosed details
Transaction Size: $26M