The Metals of Power & Motion
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Metal must be made.
Today we're announcing $75M to build Solcoa One, our 500-tonne rare earth metallization plant in Nevada.
At Solcoa, we believe rare earths are the foundation of America's next great industrial era. An era we intend to win on the merits, with superior American technology.
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Spotted in Times Square! 🗽
Thank you @Nasdaq for the feature.
We're growing fast and hiring across engineering, research, and operations.
Join us. Push the frontier. Do the hard thing.
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Today, China dominates rare-earth mining and processing.
But that wasn’t always the case.
Solcoa’s @hoomanrenezhad explains how the West lost its rare-earth mojo:
"So contrary to popular belief, we do mine in the West. We have an enormous rare earth mine in Australia. There’s one in California."
“The actual raw feedstock is not rare."
“The bottleneck is what you do after it. It’s the processing. That is something that we’re completely unable to do in the West."
“We actually invented these processes in America."
"The technologies used to make rare earths in China today are American technologies from the Manhattan Project.”
“We built this technology and these systems, and then we shipped it to China. China dominated. They matured it. They took over.”
Now his company is trying to bring that capability back to the U.S. with a process built for today’s economics.
“If we were just copying that same technology stack again, it was impossible. The economics don’t close.”
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Solcoa Industries retweeted
Congrats to my Foundation Climate Fellow Hooman & team - an electrified future is built on rare earths. @solcoatech is scaling a new-generation of cheaper, cleaner, and faster processing technology so America can win. HUGE.
Today we're announcing $75M to build Solcoa One, our 500-tonne rare earth metallization plant in Nevada.
At Solcoa, we believe rare earths are the foundation of America's next great industrial era. An era we intend to win on the merits, with superior American technology.
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We’ve secured $75M in financing to build Solcoa One, our first commercial rare earth metallization plant.
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The financing includes $45M in equity led by @BainCapVC , with @schrep and @gigascale, @LongJourneyVC, @zoink, and leaders across defense and technology, alongside $30M in debt, anchored by @jpmorgan.
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Solcoa Industries retweeted
Proud to have backed @hoomanrenezhad from the very beginning. Cheaper, sovereign, cleaner all together in one
Today we're announcing $75M to build Solcoa One, our 500-tonne rare earth metallization plant in Nevada.
At Solcoa, we believe rare earths are the foundation of America's next great industrial era. An era we intend to win on the merits, with superior American technology.
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Solcoa Industries retweeted
Today we're announcing $75M to build Solcoa One, our 500-tonne rare earth metallization plant in Nevada.
At Solcoa, we believe rare earths are the foundation of America's next great industrial era. An era we intend to win on the merits, with superior American technology.
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