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How ReElement, the Rare Earth Startup, Captured 25 Million From the Pentagon without Diluting Its Founders
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ReElement Technologies, a rare earth startup, has just received $25 million from the Pentagon without giving up equity to extract these mining waste materials. A key lesson for deeptech founders: government contracts can be the patient capital your technology needs. The problem: millions worth of mining waste Mining generates more than 100 billion tons of tailings a year, waste that accumulates heavy metals and pollutes entire basins. These wast…
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