Real-time funding, M&A, exec moves & hiring — the signals that move deals
More real-time opportunities that match your ICP — every funding, M&A, and exec move the moment it breaks, with the verified contacts to reach out first.
Funding, M&A, exec moves & hiring — every signal Fundz sees, the moment it happens. See who’s in your market, who to reach, and why now.
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.
PRIVATEJun 04, 2026•about 2 months ago
Amount Raised
$10 Million
Round Type
Seed
CharlestonManufacturingMiningPrecious Metals
Investors
Jb StraubelMcjFuture VenturesGigascale Capital
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.
Company Information
Company
Red Metals
Location
Charleston, South Carolina, United States
About
Red Metals is a next-generation copper manufacturer focused on reshoring American copper refining and building a new supply chain for finished copper products. The company has developed a novel copper refining process that reduces supply chain complexity while strengthening domestic manufacturing. Its first commercial product will be high-conductivity copper rod, used in various electrical applications. Red Metals aims to make domestic copper refining commercially viable without subsidies.
CharlestonManufacturingMiningPrecious Metals