Copper extraction technology firm Jetti raises $100m
Jetti Resources, which has developed a breakthrough copper extraction technology, announced on Monday that it had raised $100-million in its Series D financing.
The funds would be used to continue the rapid deployment of Jetti’s technology at copper mines.
The round was led by funds and accounts advised by T. Rowe Price Associates, and included Rothschild & Co, as well as early investors in the company, DNS Capital and others.
Since the completion of its Series C capital raise in June 2021, Jetti has started operations at its second commercial deployment with a major global mining company and has continued to deliver strong operational performance at Capstone Copper’s Pinto Valley mine, in Arizona.
“This financing enables Jetti to meet the significant growth in demand for our technology by major copper mining companies. Our partners are choosing Jetti as a commercially proven and environmentally responsible technology to increase copper production at their mine sites,” commented CEO and coufounder Mike Outwin.
“The backing of existing investors, including some of the world’s leading global institutional investment funds, clearly shows the growing market support for our proven technology.”
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