TechMet targets up to $200 million in new fundraising, CEO says
US-backed investment vehicle TechMet is looking to raise up to $200 million in additional funds as it seeks to finance critical minerals projects, CEO Brian Menell said on Monday.
Privately-held TechMet, which owns stakes in 10 companies including Brazilian Nickel and South Africa’s Rainbow Rare Earths, last year raised $300 million, including $180 million from the Qatar Investment Authority.
TechMet, which is valued at more than $1 billion and focuses on building businesses across the critical minerals value chain, has since reopened fundraising.
