Raises £6 Million Seed-Round to Accelerate the Commercialisation of Metal Purification Technology
Summary
In addition, it is estimated that more than $3.4 trillion of critical and valuable metals are locked up in mine tailings, the recovery of which Seloxium is developing using its fast, selective and low capex process. By extracting these metals directly from industrial waste streams, Seloxium provides higher recovery rates, with a faster process, at lower cost helping industries reduce waste, comply with regulations, and secure sustainable supplies of essential materials.The funding round was co-led by Oxford Science Enterprises (OSE) and MKS PAMP, a global leader in the precious metals industry, alongside the University of Oxford and new and existing angel investors who bring expertise and strategic guidance to Seloxium.Dr Christian Peters, Director & CEO of Seloxium, said: This investment marks a transformational moment for Seloxium. With our deep expertise in refining and market access, we look forward to contributing to Seloxiums growth, enhancing its capabilities, and helping unlock new opportunities for this transformative technology in key critical markets.Paul Smith, angel investor and previous Head of Strategy at Glencore, says Energy Reach Partners are delighted to have been part of Seloxium`s successful fundraising. In addition to the \xa36 million investment, Seloxium has secured funding through three UK Innovate grants, further supporting the development and deployment of its metal purification technology.Seloxium is a University of Oxford spinout that started in September 2022. Seloxium can enable customers to purify valuable metals from complex waste streams that would otherwise be discharged to the environment, reducing pollution and securing critical metals using a circular pathway.Oxford Science Enterprises (OSE) is an independent, billion-pound investment company that finds, funds and builds transformational science and technology companies emerging from Oxfords world-leading research.