New Lunicorn : Jetti Resources

October 26, 2022
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Jetti Resources raises funding and reaches $2.5 billion valuation

Jetti Resources, which has developed a revolutionary copper mining technology, announced on October 24, 2022 that it has raised $100 million in its Series D financing in Boulder, USA.

Jetti began operations in 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 since the completion of its Series C capital raise in June 2021.

The funds will be used to continue the rapid deployment of Jetti's technology at large copper mines.

What is Jetti Resources' business?

Jetti enables the extraction of copper from chalcopyrite: the world's most abundant copper ore, at low temperature and pressure, and is currently suitable for waste.

The technology company promises to unlock a large amount of copper, including at sites where the ores would otherwise have been treated as waste.

Jetti is committed to reducing environmental impacts

They are applying catalysts to hundreds of millions of tons of ore and dramatically increasing copper yields in a cost-effective and environmentally friendly manner.

The use of primary sulfide leaching systems has a much higher environmental profile than traditional extraction methods.

The future of copper?

The world's leading miners are optimistic about the prospects for copper and demand is expected to increase.The world is electrifying itself for a greener world. It's moving to cleaner energy resources, so it needs more copper. For example, for electric vehicles to new power grids.

On the other hand, future supply seems increasingly limited with new projects hard to find, and new mines often take decades to build...

By
Manon Rouyer
Web content manager
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