Phoenix Tailings
Clean rare-earth metal producer recovering critical minerals from mining waste
Industrial
📍 Woburn, MA
Founded 2019
Current Valuation
$250M
as of 2024-Q3
PRIVATE
Phoenix Tailings extracts rare-earth elements (neodymium, dysprosium) and other critical minerals from mining and industrial waste streams using a proprietary low-emissions process. Strategic relevance to US rare-earth supply chain reshoring. Operating a pilot plant in New Hampshire and scaling to commercial volume.
Company Profile
Last Round
Series B — $107M (Mar 2026) · Lead: ArcelorMittal
IPO Status
no imminent plans
Fundraising Status
Series B · $107M · 4 mo ago
no imminent plansTotal raised $80M
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Series B | $107M | Mar 2026 | ArcelorMittal | — |
Founders & Key People
Nick MyersAnthony BalladonMichelle ChaoTomás Villalón
Investors
ArcelorMittal · BHP Ventures · Yamaha Motor Ventures · Envisioning Partners · Escape Velocity
Products
- Rare-earth oxides
- Nickel
- Magnesium
Competitors
MP Materials · USA Rare Earth · Ucore Rare Metals
Critical MineralsRare EarthClimateReshoring
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-Q3. Refreshed quarterly.