
First reported on MINING.com
30 Second Briefing
US biomining startup Endolith has secured $13.5 million in seed funding to advance its AI-guided microbial extraction technology for copper and other critical minerals. Led by Squadra Ventures, the funding aims to support pilot-engineering and process validation of Endolith's environmentally friendly approach, which targets low-grade and complex ores. This investment highlights the growing interest in biomining as a strategic component of national security infrastructure, amid geopolitical supply chain disruptions and rising demand from the clean energy sector.
Technical Brief
- Endolith has secured $13.5 million in seed funding to advance its AI-guided microbial extraction technology for copper and other critical minerals.
- The funding round was led by Squadra Ventures, with participation from Draper Associates, Collaborative Fund, and Overture Climate Fund.
- Endolith's technology aims to extract minerals from low-grade and complex ores using microbes, offering a potentially less cost-intensive alternative to traditional mining.
- The initial funding will support pilot-engineering, process validation, and expansion of Endolith's microbial extraction systems.
- The startup's approach is positioned as a component of national security infrastructure amid geopolitical supply chain disruptions.
- Endolith's method is seen as environmentally friendly, aligning with the growing demand from the clean energy sector.
- The startup's technology is still at an early stage and requires further scaling to become commercially viable.
- Investors are increasingly viewing critical mineral technologies as strategic assets beyond environmental considerations.
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