Rare Earth Technologies Inc
The startup specializes in refining rare earth elements using a proprietary one-pass processing technology that enables the complete separation and refinement of REE materials. This method addresses the high costs and environmental impact associated with traditional refining processes by providing a low-cost, green, and virtually waste-free solution.
- Clean Technology
- New Materials
Funding
Raised to date
$3MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional methods of refining and separating rare earth elements (REEs) are often expensive, environmentally damaging, and generate significant waste. These challenges hinder the establishment of a sustainable and economically viable REE supply chain, which is critical for various industries.
Solution
Rare Earth Technologies, Inc. (RETi) offers a proprietary refining and separation system designed to address the technical, economic, and environmental challenges associated with REE processing. RETi's one-pass system utilizes non-toxic solvents and unique column chemistry to achieve high-purity separation of REEs from concentrates. This innovative approach minimizes waste, reduces costs, and enables a more sustainable and scalable REE supply chain. The refined REEs are then provided to the market as oxides or carbonates.
Target Audience
RETi's primary customers include mining companies, recycling facilities, and other entities that produce REE concentrates, as well as manufacturers requiring refined REE materials for various applications.
Features
- Proprietary column chemistry enables single-pass separation of REE concentrates.
- Achieves REE purity levels of up to 99.999%.
- Employs environmentally safe, non-toxic solvents, specifically mineral acid and water.
- Generates virtually no toxic waste.
- Offers simple refinement at a significantly lower cost compared to traditional methods.
- Designed for maximum uptime, requiring maintenance only every three or more years.
- Provides competitive equipment and installation costs through partnerships with vendors like YMC America.