pH7 Technologies has completed its Series B funding round, securing nearly $32 million in equity alongside $7.5 million in venture debt from RBCx, bringing total new financing to over $39 million.
The Vancouver-based company plans to use the capital to scale its critical mineral extraction technology, expand recycling facilities for platinum group metals, and begin deploying its systems directly at mining sites worldwide.
Scaling Extraction For A Growing Global Demand
As demand for critical minerals accelerates—driven by AI infrastructure, the energy transition, and defence investments—supply chain resilience has become a global priority. Currently, much of the mining and refining capacity is concentrated in a few regions, creating geopolitical and economic risks.
pH7 is positioning itself to address this gap by enabling the sustainable extraction of valuable metals such as copper and platinum from low-grade ores, mine tailings, and previously discarded materials.
CEO Mohammad Doostmohammadi explained that the company’s mission is to help close the widening supply-demand imbalance for critical resources.
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Breakthrough Technology For Sustainable Mining
At the core of pH7’s offering is a closed-loop organic electrochemical process that allows metals to be extracted more efficiently and with a lower environmental footprint compared to traditional methods.
The company has already demonstrated the technology at its 30,000-square-foot facility in Burnaby, which is now generating revenue while processing materials from more than 20 partners, including mining giant BHP.
Following successful validation, pH7 is preparing to scale operations by embedding its technology directly into mining sites, with initial deployments expected between 2027 and 2028.
Strong Investor Backing
The Series B round was led by Fine Structure Ventures, with participation from new investors including BHP Ventures, Energy & Environment Investment, SiteGround, Gaingels, and Calm Ventures.
Existing investors such as TDK Ventures, Pangaea Ventures, Rhapsody Venture Partners, and BASF Venture Capital also joined the round.
In addition, new strategic backing came from Asahi Kasei and the Circular Innovation Fund.
With this final close, pH7’s total equity funding now exceeds $55 million.
From Pilot To Global Deployment
The company is now transitioning from demonstration to large-scale commercial deployment. Its strategy includes building new recycling facilities globally and integrating its technology into mining operations to enable localised, cost-effective metal extraction.
Despite a challenging fundraising environment, Doostmohammadi noted that the company exceeded its initial funding target, supported by its positioning at the intersection of climate technology and supply chain resilience.
About pH7 Technologies
pH7 Technologies is a Canadian cleantech company developing sustainable solutions for critical mineral extraction. Its proprietary electrochemical process enables the recovery of high-value metals from low-grade and waste materials, supporting a more efficient, circular, and resilient global supply chain.
