Series B Round

Phoenix Tailings has closed a $40.2 million oversubscribed B-3 amplification round, bringing total Series B funding to $116.6 million. The company is focused on sustainable and innovative solutions for the extraction and processing of rare earth elements, which are critical for various high-tech applications. This funding will be utilized to accelerate U.S. rare earth metals production and enhance the company's operational capabilities. The investment is expected to bolster domestic supply chains and reduce reliance on foreign sources of rare earth materials. The company aims to position itself as a leader in the rare earth metals sector, contributing to the green technology movement and supporting the transition to renewable energy. Phoenix Tailings is committed to environmentally responsible practices and aims to innovate in the recycling and recovery of rare earth elements. The company is headquartered in Exeter, New Hampshire, and has been recognized for its commitment to sustainability and innovation in the mining sector.