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Torngat Metals Announces Investment From Cerberus Capital Management

PRIVATENov 09, 2022

Round Type

Venture

MontrealEnergyRenewable Energy

Description

Torngat Metals Ltd. (“Torngat”) today announced a US$50 million phased investment led by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”).

Quick answer

Torngat Metals raised an undisclosed amount in a funding round, dated November 9, 2022. Torngat Metals is based in Montreal, Quebec, Canada.

How much did Torngat Metals raise?
Torngat Metals raised an undisclosed amount in a funding round on November 9, 2022.
What does Torngat Metals do?
Torngat Metals is a Montreal-based company founded in 2018, dedicated to transforming the heavy rare earth industry to support the global energy transition and fight against climate change.
Where is Torngat Metals based and how big is it?
Torngat Metals is based in Montreal, Quebec, Canada. Fundz records about 36 employees.
Who are the decision-makers at Torngat Metals?
Fundz holds 2 contacts at Torngat Metals, including the Director, Talent Acquisition & Training. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Torngat Metals that raised within 45 days of this round, from Fundz verified event records.

  • Ascent Solar Technologies raised $50M on December 20, 2022.
  • Ascent Solar Technologies raised $2.5M (Seed) on December 19, 2022.
  • Dabbsson raised $75M (Funding Round) on December 16, 2022.
  • Cirba Solutions raised $200M on December 15, 2022.
  • DSD Renewables raised $155M (Funding Round) on December 15, 2022.
  • Tepeo raised $12M (Funding Round) on December 15, 2022.

Who to call at Torngat Metals, and when

A new round usually means Torngat Metals is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Torngat Metals raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Torngat Metals, from your own LinkedIn network

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Company Information

Company

Torngat Metals

Location

Montreal, Quebec, Canada

About

Torngat Metals is a Montreal-based company founded in 2018, dedicated to transforming the heavy rare earth industry to support the global energy transition and fight against climate change. With a strong ESG-driven approach, Torngat focuses on responsible extraction, environmental protection, and collaboration with local communities. The company’s flagship Strange Lake project aims to set a new standard for sustainable development, emphasizing safety, innovation, and long-term social and environmental responsibility.

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Related People

2 contacts
Verified contactsIan D., Director, Talent Acquisition & Training hidden hiddenSee plans and pricing
Predictive Intelligence
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Torngat Metals raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.