BMW i Ventures invests in Phoenix Tailings for sustainable rare earth metal production
The investment supports Phoenix Tailings' aim for zero-waste, zero-emission production, contributing to US supply chain stability for critical elements
BMW i Ventures has invested in Phoenix Tailings, a company focusing on the zero-waste, zero-emission production of rare earth metals, a move aimed at expanding and stabilizing the processing of these critical elements in the United States. This Series B financing round, led by Envisioning Partners and with participation from Yamaha Motor Ventures and Escape Velocity, will help Phoenix Tailings increase its rare earth metal production to approximately 200 tons annually.
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