Solcoa Industries @solcoatech
The Metals of Power & Motion solcoaindustries.com Joined February 2024-
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We raised $80M to build the future of rare earth metalmaking. Samarium, for example, is vital to America's defense. We are the only active American producer. We’re hiring staff mechanical engineers, fabricators, recruiters, etc. Join us. DMs open.
Join us in building the future of critical minerals ➡️ solcoaindustries.com/careers
"There is a lot of room for America to do what it does best: push the frontier, build the new thing, and win on innovation.” For @Techweek_, Solcoa CEO @hoomanrenezhad joined OVNI Capital and @gigascale’s “From Ore to Orbit” panel at the SVB Experience Center.
Thank you to @EvalineTsai for moderating, OVNI and Gigascale for organizing, and the SVB Experience Center for hosting this event. (3/3)
Solcoa is closing these gaps with our novel metallization technology for NdPr and samarium. Our process makes metal faster and at far greater scale than conventional methods, and we’re proud to be building it here in the US. (2/3)
Spotted in Times Square! 🗽 Thank you @Nasdaq for the feature. We're growing fast and hiring across engineering, research, and operations. Join us. Push the frontier. Do the hard thing.
Today, China dominates rare-earth mining and processing. But that wasn’t always the case. Solcoa’s @hoomanrenezhad explains how the West lost its rare-earth mojo: "So contrary to popular belief, we do mine in the West. We have an enormous rare earth mine in Australia. There’s one in California." “The actual raw feedstock is not rare." “The bottleneck is what you do after it. It’s the processing. That is something that we’re completely unable to do in the West." “We actually invented these processes in America." "The technologies used to make rare earths in China today are American technologies from the Manhattan Project.” “We built this technology and these systems, and then we shipped it to China. China dominated. They matured it. They took over.” Now his company is trying to bring that capability back to the U.S. with a process built for today’s economics. “If we were just copying that same technology stack again, it was impossible. The economics don’t close.”
@hoomanrenezhad on TBPN 12:20 PST today!
Happy Thursday. On today's show: - @CompleteSkeptic (TypeSafe) - @JordanNanos (SemiAnalysis) - @leifthunder (Public) - @hoomanrenezhad (Solcoa) - @erika_alden_d (Pioneer Labs) - @Shalev_lif & @RomiLifshitz (Enclosure) See you on the stream.
Congrats to my Foundation Climate Fellow Hooman & team - an electrified future is built on rare earths. @solcoatech is scaling a new-generation of cheaper, cleaner, and faster processing technology so America can win. HUGE.
Today we're announcing $75M to build Solcoa One, our 500-tonne rare earth metallization plant in Nevada. At Solcoa, we believe rare earths are the foundation of America's next great industrial era. An era we intend to win on the merits, with superior American technology.
Metal must be made.
Today we're announcing $75M to build Solcoa One, our 500-tonne rare earth metallization plant in Nevada. At Solcoa, we believe rare earths are the foundation of America's next great industrial era. An era we intend to win on the merits, with superior American technology.
The financing includes $45M in equity led by @BainCapVC , with @schrep and @gigascale, @LongJourneyVC, @zoink, and leaders across defense and technology, alongside $30M in debt, anchored by @jpmorgan.
We’ve secured $75M in financing to build Solcoa One, our first commercial rare earth metallization plant.
Proud to have backed @hoomanrenezhad from the very beginning. Cheaper, sovereign, cleaner all together in one
Today we're announcing $75M to build Solcoa One, our 500-tonne rare earth metallization plant in Nevada. At Solcoa, we believe rare earths are the foundation of America's next great industrial era. An era we intend to win on the merits, with superior American technology.
Today we're announcing $75M to build Solcoa One, our 500-tonne rare earth metallization plant in Nevada. At Solcoa, we believe rare earths are the foundation of America's next great industrial era. An era we intend to win on the merits, with superior American technology.
American made neodymium rare earth metals
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