Fast Metals - About the company
Fast Metals is a seed company. It operates as a Developer of technology for extracting critical minerals from industrial waste streams. Fast Metals has raised $4.3M in funding from New Climate Ventures. The company has 27 active competitors, including 12 funded and 3 that have exited. Its top competitors include companies like Phoenix Tailings, Allonnia and PH7Technologies.
Company Details
Developer of technology for extracting critical minerals from industrial waste streams. This technology processes red mud, a refinery waste, by first removing iron to unlock valuable materials. The process recovers iron, alumina, titania, and rare earths at sellable grade from a single feedstock. The company offers a solution to waste stream owners by acquiring mineral-rich waste and deploying mobile modular processing units directly at their sites. This approach transforms stored liabilities into revenue streams and provides a domestic supply of critical minerals for buyers seeking diversified and responsible sourcing.
- Website
- fastmetalsinc.com
- Email ID
- *****@fastmetalsinc.com
Key Metrics
Stage
Seed
Total Funding
$4.3M in 1 round
Latest Funding Round
Investors
Ranked
16th among 27 active competitors
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Fast Metals's funding and investors
Fast Metals has raised a total funding of $4.3M over 1 round. Its latest funding round was a Seed round on Jul 29, 2026 for $*****. 5 investors participated in its latest round. Fast Metals has 5 institutional investors.
Here is the list of recent funding rounds of Fast Metals:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 29, 2026 | 8688939 | Seed | 3487457 | 2230727 | 6694820 | 3151310 |
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Fast Metals's Competitors and alternates
Top competitors of Fast Metals include Phoenix Tailings, Allonnia and PH7Technologies. Here is the list of Top 10 competitors of Fast Metals, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Phoenix Tailings 2019, Woburn (United States), Series B | Online mineral recovery from mining waste platform | $149M | 64/100 | |
2nd |  Allonnia 2019, Boston (United States), Series A | Provider of solutions for upcycling plastic waste | $111M | 59/100 | |
3rd |  PH7Technologies 2021, Vancouver (Canada), Series B | Provider of metal extraction and recycling services for critical and precious metals | $47.8M | 58/100 | |
4th | Provider of CO2-free metal production using recycled materials | $5.51M | 50/100 | ||
5th |  Binding Solutions 2016, Middlesbrough (United Kingdom), Series B | Provider of technology for recovering metals from mining waste | $26.8M | 48/100 | |
6th | Seloxium 2022, Kidlington (United Kingdom), Seed | Provider of materials and services for metal recovery from industrial waste | $7.79M | 48/100 | |
7th | BacTech Environmental 2010, Toronto (Canada), Public | Provider of technology to treat toxic waste from mining operations | - | 47/100 | |
8th |  Disa Tech 2018, Casper (United States), Series B | Developer of high pressure slurry ablation technology for mineral recovery | $83M | 47/100 | |
9th |  Innovation Mining 2012, North Vancouver (Canada), Seed | Gold mining company focused on near-term production from advanced resources | $425K | - | 39/100 |
10th | Developer of microalgae based technology for recovering precious metal resources | $6.36M | 34/100 | ||
16th |  Fast Metals Seed | Developer of technology for extracting critical minerals from industrial waste streams | $4.3M | 27/100 |
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Fast Metals's Investments and acquisitions
Fast Metals has made no investments or acquisitions yet.
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