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05 Dec

Nth Cycle nets $44m to scale critical metal refining technology

Boston-based critical metals refining company Nth Cycle has closed on $44 million in financing to scale its refining technology. The funds include $7m in non-dilutive financing, partly supported by Caterpillar Venture Capital, and $37m from a Series B round. Nth Cycle will use the proceeds to scale its patented electro-extraction technology, created as an alternative to conventional smelting. The company uses the technology to refine a variety of feedstocks, incl…
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