Alta Resource Technologies Secures $10 Million in Funding to Revolutionize Mineral Separation
BOULDER, Colo., May 5, 2025 – Alta Resource Technologies, a leader in advanced biochemistry for mineral separation, announced a significant expansion of its Series Seed funding, raising a total of $10 million with an additional $4.4 million investment. This round was co-led by DCVC and Voyager Ventures, bolstered by Orion Industrial Ventures and In-Q-Tel (IQT).
The new investment aims to accelerate the development and commercialization of Alta’s groundbreaking platform, which employs engineered proteins to selectively extract critical minerals, including rare earth elements like neodymium and dysprosium, from low-grade ores and waste. This innovative approach significantly minimizes the environmental impact of mineral extraction while strengthening domestic supply chains essential for advanced electronics and clean energy technologies.
With the U.S. increasingly reliant on foreign sources for critical minerals, the White House issued an executive order in March 2025 emphasizing the need for increased domestic production. Alta’s technology presents a timely and scalable solution by enabling efficient extraction of high-purity minerals from unconventional sources.
CEO Nathan Ratledge highlighted the strategic imperative for the U.S. and its allies to secure resilient, low-impact mineral sources, stating, “Washington is beginning to respond with the urgency this moment demands.”
Collaborating with institutions like Lawrence Livermore National Laboratory and Pennsylvania State University, Alta’s customized protein technology provides outstanding precision in mineral separation—enhancing the efficiency and sustainability of processing rare earths.
The funding will facilitate expanding the technical team and advancing commercial pilots, with plans to extend the platform to more metal targets and feedstocks. Alta’s innovative approach aims to reshape mining technology and bolster the domestic supply of crucial resources for the 21st-century economy. For more information, visit www.altatech.io.
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