Jetti Resources Raises $100 Million at a $2.5 Billion Valuation

Jetti Resources is a copper mining extraction company. It makes possible the extraction of copper from low-grade primary sulfides such as chalcopyrite, which is the world’s most abundant copper mineral ore. The company’s technology addresses the prevention of the recovery of trillions of dollars of trapped resources.

The Series D round was led by funds advised by T. Rowe Price Associates, Inc. Among the participants of were existing investors – Japan’s Mitsubishi Corp., BHP Group, Freeport-McMoRan Inc., and Teck Resources Ltd. As well as new investors such as Rothschild & Co. The funding raised will be used for technology deployment at new sites.

Jetti Resources, Colorado, USA, was founded by Andrew Perlman and Michael Outwin in 2014. As of now, the company operates a commercial plant at a mine in Arizona run by Capstone Copper Corp. In plans, to roll out activities with other miners. “This financing enables Jetti to meet the significant growth in demand for our technology by major copper mining companies,” Mike Outwin, Jetti Resources’ CEO. Jetti has developed a catalyst that can liberate copper from low-grade chalcopyrite ores, which can have a metal content of well below 1%  by disrupting the sulfur-metal bond of the mineral.

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