What does Alta Resource Technologies do?
Alta Resource Technologies uses advanced biochemistry and customizable proteins to separate rare earth elements and other essential minerals from unconventional sources such as mine tailings, waste streams, and end-of-life products, thereby reducing the environmental impact of mining.
How much did they raise?
The company closed an additional $4.4M investment as part of its Seed 2 round, extending its total Seed funding to $10M, with lead investors DCVC and Voyager Ventures and participant investors including Orion Industrial Ventures and In-Q-Tel.
What are their plans for the money?
With the new funds, Alta Resource Technologies plans to expand its technical team, advance commercial pilots, and broaden its technology to target a wider range of metals and feedstocks, which could significantly enhance sustainable resource extraction.
What have they achieved so far?
The company has already made notable progress, having developed its protein engineering platform in collaboration with Lawrence Livermore National Laboratory and researchers at Pennsylvania State University, along with receiving support from federal and state grant programs.
