pH7 Technologies just closed a $25.6M Series B, and it lands like a quiet thunderclap across an industry still acting surprised that chemistry can outthink a furnace. Fine Structure Ventures led the round, with BHP Ventures, Energy & Environment Investment, Siteground, Gaingels Fund, Calm Venture and their returning investors stepping in because they can read a trend line without squinting. What Mohammad Doostmohammadi built is not a pivot. It is a recalibration of what critical metal extraction is supposed to look like when the world actually cares about emissions, economics and reality at the same time.
The story still starts with a simple problem the mining world tried to wallpaper over for decades. Ore grades keep falling, environmental pressure keeps rising and no community wants a smelter glowing in its backyard. Instead of pretending the old machinery could be tuned like a worn-out bass amp, Mohammad Doostmohammadi engineered solvo metallurgy, a non-aqueous solvent system that treats metal extraction like a precision craft instead of a thermal tantrum. Ambient conditions, closed loop chemistry, zero wastewater and recovery rates that make you wonder how long we tolerated the alternative. It is science that behaves like strategy, and strategy that behaves like inevitability.
Scaling from lab work to commercial pilots for PGMs, then stepping confidently into industrial copper extraction, is the kind of progression investors remember years later because it proves discipline beats theatrics. The Global Cleantech 100 nod, the Clean50 recognition and the SET100 placement were not lucky breaks. They were early confirmations that the chemistry works, the economics work and the world’s appetite for cleaner critical metals is no longer theoretical.
This Series B fuels the next phase. New capital flows into expanding the Burnaby pilot footprint, building a commercial demonstration plant and validating that mine tailings, e-waste and low grade ores can be monetized instead of managed like guilt. With Dan Parmar steering the financial discipline, Christopher Adlparvar shaping commercial pathways and Jan Dmowski turning engineering blueprints into physical reality, execution starts looking like muscle memory. Add a board anchored by Chris Salisbury, Colin Harris, Tina Tosukhowong, Sarah Applebaum and the advisory range of Kevin O Kane, Neda Farmer, Grant Ewing, Dr. Daniel Leznoff and Shahram Pourazadi, and the trajectory stops being speculative.
Copper demand keeps accelerating. Recycling capacity stays jammed. Miners need solutions that deliver both profit and peace. pH7 Technologies steps into that gap with a process that turns waste streams into revenue streams and treats sustainability like a competitive advantage. This round does not announce a shift. It confirms one.
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