Red Metals raises $10M in Seed funding to reshore American copper refining and build a new facility in Charleston, South Carolina, expected to create 45 jobs.
Amount Raised
$10 Million
Round Type
Seed
CharlestonManufacturingMiningPrecious MetalsInvestors
Description
Red Metals has announced $10 million in Seed funding to construct a $70 million facility in Charleston, South Carolina, creating at least 45 jobs. The funding was led by Gigascale Capital with participation from Future Ventures, MCJ, and JB Straubel. This endeavor aims to reshore the manufacturing of finished copper products to the U.S. The company also secured economic incentives from local authorities to support the development.
Quick answer
Red Metals raised $10 Million in a Seed round, dated June 4, 2026. Investors: Mcj, Future Ventures, JB Straubel and Gigascale Capital. Red Metals is based in Charleston, South Carolina, United States.
- How much did Red Metals raise?
- Red Metals raised $10 Million in a Seed round on June 4, 2026.
- Who invested in Red Metals?
- Mcj, Future Ventures, JB Straubel and Gigascale Capital are named as investors in this round.
- What does Red Metals do?
- Red Metals is a next-generation copper manufacturer focused on reshoring American copper refining and building a new supply chain for finished copper products.
- Where is Red Metals based and how big is it?
- Red Metals is based in Charleston, South Carolina, United States.
Source: Fundz verified event record.
Who else raised in Mining and Precious Metals around the same time
Companies in the same sectors as Red Metals that raised within 45 days of this round, from Fundz verified event records.
- Nox Metals raised $12M (Seed) on June 17, 2026.
- Elmet Group raised $120M (IPO) on April 24, 2026.
- GREY Composite Wear Technologies raised $6.7M (Series A) on July 11, 2026.
- NatGold Digital Ltd raised $990K (Seed) on July 8, 2026.
- Arras Minerals raised $4.4M on July 7, 2026.
- Advance Composite raised an undisclosed amount (Series B) on July 6, 2026.
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