Led by Fine Structure Ventures with a strategic investment from BHP Ventures, the round is expected to exceed $30M across subsequent closings.
VANCOUVER, British Columbia--BUSINESS WIRE--
pH7 Technologies Inc., a pioneer in commercially scalable critical metal extraction solutions, today announced the initial closing of USD $25.6 million as part of its Series B financing round. The round was led by Fine Structure Ventures, with BHP Ventures joining as a key strategic investor, alongside Energy & Environment Investment (EEI), Siteground, Gaingels Fund, and Calm Venture, with continued participation from existing investors including TDK Ventures, Pangaea Ventures, Rhapsody Venture Partners, and BASF Venture Capital.
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Proceeds from the financing will advance the scaling and commercialization of pH7’s extraction technology for the mining sector, beginning with copper, as global demand for critical minerals continues to outpace supply. pH7’s extraction technology enables operators to economically recover metals from lower-grade ores, and other feedstocks that have historically been uneconomic to process - unlocking new domestic sources of copper, nickel, and PGMs. Proceeds from the round will support commercial deployments and on-site demonstrations at mining operations globally.
“This Series B funding is a major validation of our technology for the economic value it brings to miners and metal producers,” said Mohammad Doostmohammadi, CEO of pH7 Technologies. “We are accelerating the transition from pilot to commercial deployments, enabling operators to produce copper and other critical minerals directly on-site. At a time of global scarcity, geopolitical resource competition, and growing emphasis on strengthening sovereign supply chains, our technology provides a new pathway for nations to secure resilient, domestic sources of the metals that underpin modern infrastructure and the energy transition.”
pH7’s proprietary extraction method, a closed-loop organo-electrochemical process, replaces traditional high-waste extraction methods with a scalable system designed to improve project economics while minimizing environmental impact. The technology integrates into familiar on-site equipment and flowsheets, reducing operational complexity while improving resource recovery. In addition to strong economic advantages, the process reduces energy consumption, and wastewater generation compared to industry norms.
“We’re excited to back pH7 as they unlock a new source of critical minerals by making extraction from previously uneconomic ores commercially viable,” said Shyam Kamadolli, Managing Director at Fine Structure Ventures. “This breakthrough offers a scalable, economically sound, and cleaner approach to meeting the world’s growing demand for critical minerals.”
“The electrochemical process developed by pH7 unlocks a significant opportunity through enabling the extraction of critical minerals from lower-grade ores,” said Laurel Buckner, VP of Ventures at BHP. “At BHP Ventures, we believe this kind of leap in extraction technology could transform our ability to source the critical minerals the world urgently needs.”
The company has already commercialized its technology at the Vancouver facility for extraction of Platinum Group Metals (PGMs) from spent catalysts. pH7 has also advanced its mining-sector technology to pilot scale, positioning the company for its next phase of commercial growth.
About BHP Ventures
BHP Ventures is the in-house venture capital arm of BHP. The fund invests in companies developing technologies with the potential to make BHP’s global operations safer, more productive, and more sustainable. BHP Ventures complements the innovation already underway within BHP by enabling new partnerships and creating opportunities to strengthen the company’s portfolio and lower emissions. BHP employs more than 80,000 people across Australia and the Americas to produce premium iron ore, copper, nickel, and metallurgical coal for global customers.
About Fine Structure Ventures (FSV)
Fine Structure Ventures, advised by F-Prime, is a venture capital fund backing scientific and technical innovators from Seed through Series B. From aerospace and biology to climate tech, next-generation computing, and advanced materials, Fine Structure Ventures supports the development of technologies addressing some of the world’s most pressing challenges.
About pH7 Technologies
pH7 Technologies is a Canadian company developing next-generation critical-mineral extraction technologies for both primary and secondary resources. Through its proprietary closed-loop organo-electrochemical process, pH7 enables mining and recycling operators to economically recover metals from low-grade ores, tailings, and complex feedstocks that have historically been uneconomic or technically challenging to process. The company operates a commercial PGM extraction facility in Vancouver and is rapidly scaling its mining-sector applications, beginning with copper.
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Contact details:
pH7 Technologies Inc.
Maryam Doost
+1-604-253-2863
[email protected]
