Maverick Metals raises $19M to accelerate critical metals recovery technology

Maverick Metals secured $19M in equity funding to advance LithX, a breakthrough technology designed to improve critical metals recovery and reduce processing costs. The capital will enable expansion of the technology in active mining operations across North America and beyond.

Maverick Metals , a leading North American specialty chemical solutions provider, secured a $19 million equity funding round to advance its innovative LithX™ technology, a breakthrough lixiviant designed to improve critical metals recovery and reduce processing costs. The surge in capital will enable LithX™ expansion in active mining operations across North America and beyond. The round, led by Olive Tree Capital, includes contributions from investors like TechNexus Venture Collaborative, Y Combinator, Hanwha Group, and others. This funding will accelerate the commercialization of LithX™, a solution that addresses the growing demand for copper and other critical metals, especially as the U.S. seeks to expand domestic refining capabilities and reduce its reliance on foreign critical metals. A Scalable Path to Securing Essential Materials LithX™ is poised to revolutionize the extraction of copper, molybdenum, gold, silver, and rare earth elements by enabling higher recovery rates and the heap leaching of challenging ores, tailings, and smelter slags without requiring harsh acids or extreme heat. “LithX™ provides a scalable, commercially viable path to securing essential materials,” Eric Herrera, co-founder and CEO of Maverick Metals said in a statement. It “delivers a practical solution for operators seeking to maximize production and lower OPEX.” The technology’s ability to unlock valuable byproducts and transform low-grade resources into high-value feedstock is also particularly timely, given the projected surge in global copper demand, which is expected to double by 2035. This is due to ripple effects from electrification , renewable energy and manufacturing, which are driving up the need for copper and other critical metals in the global economy. Strategic Mining Partnerships and Field Trials Maverick Metals has already secured contracts with major mining companies to integrate LithX™ into their operations, providing real-world validation of the technology’s effec

By Jim Dallke at TechNexus Venture Collaborative