Top 10 Metals, Minerals and Mining Capital Raises and Investors in the U.S. – October 1st – 15th, 2025

Several interesting transactions closed in the Metals, Minerals and Mining sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.

PE Growth/Expansion

1. 1. Adelayde Exploration, an exploration stage public company that includes acquiring, exploring and evaluating mineral properties, received CAD 955,000 of development capital.
   2. Astra Exploration, a mining exploration company engaged in acquiring, exploring, and developing epithermal gold-silver properties in Northern Chile and its portfolio contains the Pampa Paciencia Project, the Cerro Bayo Project, and The Other Region, received CAD 6.25 million of development capital.
   3. Western Uranium & Vanadium, a Canada based company involved in industrial metals and mines business sector, received CAD 5.9 million of development capital.

Buyout/LBO

4. 4. Forte Dynamics, an engineering and consulting services that serves the mining industry, was acquired by SLR Consulting, via its financial sponsor Ares Management, through an LBO.
   5. Forte Analytical, metallurgical research and testing services that serves mining and process development companies, was acquired by SLR Consulting, via its financial sponsor Ares Management, through an LBO.

Corporate

6. 6. Evolve Strategic Element Royalties, a royalty financing company for strategic metals based in Montreal, Canada, received CAD 37.5 million of financing.
   7. Fermi Uranium, a uranium exploration and development company that provides uranium for a new generation of safe nuclear reactors, received $ 1.5 million of financing.
   8. Auranova Resources, a mineral exploration company for Canadian gold discovery, received CAD 4.21 million of financing.

Later Stage VC

9. 9. Minpraxis Solutions, a testing technology for the mining industry that offers a rock compression tester that can improve the quality and quantity of rock strength data that is generated for mine design, advanced exploration, production planning, and operational control, enabling clients to transform orebody characterization to improve productivity in mining and milling, raised a venture funding from UBC Seed Fund.

Seed Round

10. 10. Firstelement Exploration, a hydrogen exploration company that serves the energy sector focused on low-carbon alternatives, raised seed funding from Gigascale Capital and Congruent Ventures.

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Tina Vital

Managing Director

Please contact me if you have any questions or would like to discuss your capital raise:

Email: tvital@castleplacement.com

(C) (917) 432-8474

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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement® does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.