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Phoenix Tailings Secures $40.2 Million in Strategic Capital to Accelerate U.S. Rare Earth Metals Production - The Morning Sun
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Phoenix Tailings Secures $40.2 Million in Strategic Capital
EXETER, N.H.–(BUSINESS WIRE)–Phoenix Tailings has closed a $40.2 million oversubscribed B-3 amplification round, bringing total Series B funding to $116.6 million. The round was offered exclusively to existing investors and select strategic partners and consisted of $30.2 million in equity and $10 million in venture debt from Nomura. Proceeds from the round will expand Phoenix Tailings’ capabilities beyond its current production of neodymium-pra…
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