MagREEsource secures €5 million in financing to establish its first pilot site in Grenoble, positioning itself as a leader in the sustainable extraction and recycling of critical metals and permanent magnets.

Information on the Target

MagREEsource is an innovative industrial deeptech company specializing in the extraction and recycling of critical metals and permanent magnets. With a focus on sustainability and efficiency, the company aims to revolutionize the supply chain for these essential materials, which are crucial for various high-tech applications, including electronics, renewable energy, and electric vehicles.

Recently, MagREEsource successfully secured €5 million in financing, which will be allocated towards the establishment of its first pilot site in Grenoble. This strategic development marks a significant milestone for the company as it seeks to optimize its technology and demonstrate the viability of its processes in a real-world setting.

Industry Overview in the Target’s Specific Country

France holds a strategic position in the European market for critical metals and permanent magnets, driven by an increasing demand for sustainable solutions in high-tech manufacturing. The country has made substan