Boston Metal lands $75 million to scale critical metals platform

Boston Metal, a technology company reshaping global metals production in the U.S., announced on May 20, that it has raised $75 million to speed up the deployment of its Molten Oxide Electrolysis (MOE) platform and expand the production of critical metals in the U.S. and worldwide. The latest injection lifts the company's total funding to more than $500 million.

The fresh capital will enable Boston Metal to grow its critical metals business by adding further commercial-scale deployments for materials such as niobium, tantalum, vanadium, and nickel. The MOE platform's selectivity makes it possible to extract value from low-grade feedstocks, offering a new route to reinforce supply chains for commodities essential to electrification, advanced manufacturing, artificial intelligence, and defense.

Tata Steel Limited joined the funding round alongside existing investors, a move that highlights strong industrial and investor appetite for novel approaches to critical metals production.