13 September 2023 – New Investment and Partnership with TechMet-Mercuria

TechMet-Mercuria Participated in the $60 Million Series B, led by GM

TechMet-Mercuria will Serve as Exclusive Lithium Procurement Agent for Mitra Chem

MOUNTAIN VIEW, Calif., Sept. 13, 2023 /PRNewswire/ — Mitra Future Technologies Inc. (“Mitra Chem”), a leading innovator in North American production of lithium-ion battery materials, today announced that TechMet-Mercuria (“TMM”) has invested in its current Series B round and will act as Mitra Chem’s exclusive lithium chemicals procurement agent. The investment by TMM and the other participants in the Series B, including GM, will fuel Mitra Chem’s mission to develop, deploy, and commercialize US-made iron-based cathode materials in an effort to enable mass-market electrification for electric vehicles, energy storage solutions, and beyond.  

Read the full Press Release here.