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TechMet closes its second funding round at $120M - TechMet the private strategic metals company backed by the US DFC, closes its second equity funding round with a 50% oversubscription - Largest shareholders now include DFC, Lansdowne Partners and Mercuria. News provided by Share this article Share this article DUBLIN, LONDON and WASHINGTON, April 16, 2021 /PRNewswire/  TechMet has announced the closing of its second-round equity fundraising at $120m. The close represents a 50% oversubscription on its $80m target. The final $60m was raised at a 32% increase over the company s initial Round 2 price, and a 140% increase over its Round 1 price. TechMet invests in projects across the supply chain of the metals critical to electric vehicles and renewable energy systems that form the basis of the green industrial revolution.

United statesUnited kingdomCity ofMike mullenBrian menellCycle corpUs international development finance corporationBrazilian nickelDevelopment finance corporationLansdowne partnersTechmet chairmanSouth africanLi cycle corpAdvisory boardAdmiral mike mullenRare earths