Cuprum Metals Inc., a technology company headquartered in Delaware, has successfully completed a US$19.4 million Series A financing round. The investment was led by the Lundin Family Office, with participation from Woodline Partners and BHP Ventures.

The newly raised capital will be used to advance the commercialization and scale-up of Cuprum's proprietary leaching technology. The process has already delivered encouraging results in pilot-scale programs involving primary, secondary, and oxide copper ores using both heap-leach and vat-leach methods.

Cuprum's innovative system employs a water-based chemical leaching process that can operate with either fresh water or seawater. The technology achieves high copper recovery rates while significantly reducing processing times. It is particularly effective in extracting copper from chalcopyrite and other minerals that have traditionally been difficult to leach, while also lowering both capital expenditure and operating costs. According to founder, chairman, and CEO Roger Pettman, the company is now concentrating on scaling the technology and broadening its use across a wider range of copper projects with the support of its investors.

Investor Perspectives
The Lundin Family Office noted that it is pleased to lead the investment and support a technology that could deliver substantial benefits to the copper sector. As global copper demand continues to increase, solutions that enhance resource recovery and improve operational efficiency are expected to become increasingly important. The organization expressed its commitment to supporting Cuprum's growth alongside Woodline Partners and BHP Ventures.

BHP Ventures highlighted that technologies capable of maximizing value from existing mineral resources and improving processing performance align closely with its investment strategy. The firm believes Cuprum's chemical leaching approach could create additional recovery opportunities and provide greater flexibility in developing a variety of ore deposits.

Woodline Partners stated that Cuprum's technology represents one of the most adaptable solutions available to address the copper industry's growing supply challenges. The firm was particularly impressed by the technology's ability to rapidly recover copper from diverse feedstocks—including sulfide ores, smelter slags, and tailings—without relying on thermal treatment or biological processes. Woodline expressed enthusiasm about supporting the company's continued expansion and technology deployment.

Technology Performance
Cuprum's leaching process has demonstrated strong performance under ambient temperature and pressure conditions when applied to sulfide ores. In tests involving predominantly chalcopyrite-bearing material, copper recoveries have generally exceeded 75% within approximately 100 days. The technology is designed to work across a broad range of ore types and has also proven effective for oxide ores, while requiring lower acid consumption than conventional oxide leaching methods.

The company has conducted testing on ore samples from mining operations in South Africa, the United States, Chile, and Australia, consistently achieving positive outcomes. In addition, the technology has shown promising results in recovering copper from both primary and secondary sulfide tailings. By eliminating the need for heating, the process opens new opportunities to extract value from previously processed materials and promotes more efficient utilization of existing mineral resources.

The Series A funding will be used to support commercial deployment activities, strengthen technical capabilities, recruit additional talent, and expand Cuprum's customer base as the company moves toward broader industry adoption.

I am thrilled to present our most recent Sustainability Report, highlighting our progress in achieving our Corporate Responsibility Commitment goals, said Mark E. Newman, The Chemours Company’s President and CEO.
 
Over the past five years, we have experienced remarkable progress within a short timeframe. This success was made possible through collaborative partnerships between our 6,600 Chemours employees and stakeholders worldwide who have embraced our shared vision of creating a better world through the transformative power of our chemistry. Our commitment to sustainability is ingrained in our daily actions, and this year's Sustainability Report highlights several noteworthy achievements:
 
We have successfully reduced Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 30%, reaching the halfway mark towards our 2030 goal.

Our efforts have led to a 53% reduction in total process fluorinated organic chemical (FOC) emissions to air and water, surpassing the halfway point towards our 2030 goal of a 99% reduction.

48.2% of our revenue is derived from offerings that contribute specifically to the United Nations Sustainable Development Goals (SDGs).

We have allocated 36% of our $50 million investment towards STEM, safety, and environmental initiatives in our local communities.

We have surpassed our Sustainable Supply Chain goal by evaluating the sustainability performance of 90% of our suppliers by 2022.

These figures illustrate the tremendous progress our team has made. In fact, Chemours leads the industry in reducing FOC emissions and advancing analytical and abatement technologies, driving us closer to achieving our 2030 target.
 
At Chemours, sustainability is at the core of everything we do, including the development of our products. Our chemistry plays an integral role in modern life and the emerging green economy, which relies on innovative advancements. The technologies enabling decarbonization, electrification, and a cleaner world depend on chemistry, encompassing clean hydrogen, semiconductors, coatings for durable infrastructure, heat pumps for electric vehicles and homes, high-speed data, and more. Chemours products are crucial for a sustainable future, and when produced responsibly, they enable us to realize that future while safeguarding human health and the environment.
 
This is why we back our innovative and sustainable solutions with responsible manufacturing, stringent emissions control, and a focus on improving end-of-life management. As we manufacture the materials essential for the new economy, we also prioritize the protection of people and the environment. In the following pages, you will witness how this aspiration is not a distant possibility but a present reality, with Chemours leading the way for others.
 
While chemistry serves as the critical foundation for a more sustainable world, it is the dedication of individuals that brings it to life. In our Sustainability Report, you will discover how Chemours strives to be an exceptional workplace and a force for good in our communities. Whether through investments in STEM education and technical training programs, the expansion of certified nature preserves, the recruitment of diverse and talented individuals, or the establishment of a holistic and safe work environment, we demonstrate our commitment to making a positive impact.
 
As you explore the pages of our report, you will encounter numerous examples showcasing the responsible and indispensable nature of our chemistry. You will also witness our progress and our unwavering determination to push ourselves further. Therefore, I am thrilled to reaffirm Chemours' commitment to our goals and our ongoing support of the ten principles of the United Nations Global Compact. I extend my gratitude to you for joining us on this journey and encourage you to delve deeper into what sets Chemours apart as a unique chemistry company.