Remedy Metals Closes €2M+ Seed Round to Advance Rare Earth Refining

Combining equity investment from two strategic investors and non-dilutive public funding, the round reflects growing confidence in Europe's need for a credible, domestically developed rare earth refining capability.

1. 01

   Remedy Metals announces the closing of a €2M+ financing round combining equity investment from two strategic investors and non-dilutive public funding. The round reflects growing confidence in Europe's need for a credible, domestically developed rare earth refining capability.

2. 02

   The proceeds will be deployed to advance Remedy Metals' proprietary extraction process to Technology Readiness Level 6 (TRL 6), with validation conducted directly in an operational mining and industrial environment. This milestone will confirm the company's ability to separate rare earth elements from both primary mining concentrates and end-of-life magnet material, producing high-purity oxides (≥ 99.5%) ready for permanent magnet manufacturing.

3. 03

   "This round is a strong vote of confidence in what we are building," said Peter Dunne, CEO and CTO of Remedy Metals. "Rare earth elements sit at the heart of the energy transition and the digital economy — yet Europe remains heavily dependent on imports. We are building a credible alternative. This milestone gives us the means to prove it works at scale."

4. 04

   Remedy Metals is positioned to contribute to the emerging European rare earth supply chain and aligns with the strategic objectives of the EU Critical Raw Materials Act.

About Remedy Metals

Remedy Metals is a deep-tech startup focused on the sustainable refining of rare earth elements. Founded in 2024 and headquartered in Illkirch-Graffenstaden (Strasbourg), the company combines expertise in magnetism, chemistry, process engineering, and critical materials to produce high-purity rare earth oxides (≥ 99.5%) from both mining concentrates and recycled permanent magnet material — enabling a circular, European rare earth value chain.

www.remedy-metals.com