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FAST Metals raises $4.3 million in seed funding to commercialize its critical mineral recovery technology, securing a partnership with Metalox Mineral Corporation.
PRIVATEJul 29, 2026•about 17 hours ago
Amount Raised
$4.3 Million
Round Type
Seed
StamfordMiningMineralMining TechnologyIndustrial
Investors
Rio TintoAstor SwissHumba VenturesAzolla VenturesNew Climate Ventures
Description
FAST Metals has raised $4.3 million in pre-seed funding and announced its first commercial customer, Metalox Mineral Corporation. The company will process one ton of red mud per week at Metalox's Florida facility. The funding is led by New Climate Ventures with support from other investors. FAST Metals aims to recover crucial metals from red mud waste, enhancing sustainability in mining.
Company Information
Company
FAST Metals
Location
Stamford, Connecticut, United States
About
FAST Metals is a mining technology company specializing in the recovery of base and rare materials from red mud waste. Its patented technology platform enables the extraction of critical minerals while reducing the environmental burden of industrial waste. The company aims to provide sustainable solutions for the mining, metals, and critical-minerals sectors, turning waste into valuable resources.
Predictive Intelligence
Strategic
ML-powered predictions for FAST Metals's next move
StamfordMiningMineralMining TechnologyIndustrial