Top 10 Metals, Minerals and Mining Raises and Investors in the U.S. – July 16th – Aug 31st, 2025

Several interesting transactions closed in the Metals, Minerals and Mining sector over the past month. 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. Tirica Lithium, lithium exploration company that focuses on the emerging lithium district in the Chaco Basin in Paraguay, received $248,213 of development capital.

PIPE

  1. International Battery Metals, a technology and manufacturing company that focuses on environmentally responsible methods of extracting lithium compounds from brine, received $5 million of development capital from Encompass Capital Advisors.
  2. Leading Edge Materials, a company that explores and develops resource properties in Sweden and Finland, received CAD 2.84 million of development capital from Mr. Eric Krafft and other investors.
  3. Southern Silver Exploration, a company that acquires, explores, and develops natural resource properties for the enhancement of value and disposition pursuant to sales agreements or development, received CAD 15 million of development capital.

Merger/Acquisition

  1. Forum Energy Metals, mineral resource company that acquires, explores, and develops energy metals, was acquired by Baselode Energy for $13.123 million.
  2. Piedmont Lithium, a development-stage, multi-asset, integrated lithium business that supports clean energy economy and U.S. and worldwide energy security, was acquired by Sayona Mining for $648.021 million.

Buyout/LBO

  1. Orion Steel Group, engineered steel products that cater to rail, energy, and industrial end markets, was acquired by Atlas Holdings through a $500 million LBO.

Later Stage VC

  1. Disassociate, materials liberation technology that optimizes the world’s use of resources and disrupts best practices in the mining and reclamation industries, raised $30 million of Series A2 venture funding in a deal led by Evok Innovations.

Early Stage VC

  1. Ab Astra, muography technology platform that provides non-intrusive subsurface imaging for critical industries, raised venture funding from Cites Startups.

Seed Round

  1. Still Bright, copper extraction technology company that focuses on domestic and low-impact metal refining, raised $18.7 million through the combination of debt and Seed funding in a deal led by Material Impact and Breakthrough Energy

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Tina Vital

Managing Director

Extensive career in engineering and investment banking focused on debt and equity transactions for infrastructure, energy, metals & mining, cleantech/waste management and other technology-based industries. Began engineering career with Exxon. Began Wall Street career at Citibank. Frequent guest on global financial news shows and the author of numerous engineering and energy finance publications. Previously served as Secretary-Treasurer and Executive Board Member for the United States Association of Energy Economics (USAEE); and Advisory Board Member for the International Pittsburgh Coal Conference. MBA from Carnegie Mellon University. ABD-PhD Chemical Engineering from the University of Massachusetts at Amherst. MS in Chemical Engineering from Lehigh University. BS in Biochemistry, Chemistry and Biology from the University of Pittsburgh. FINRA Series 7, 63 and 79 licensed.

Tina Vital

Tina Vital

Managing Director

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

Send us a message:

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.

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Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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