$24MSeries A, 5 May 2026
Series A funds a demonstration smelter to rebuild US magnesium production.
- Amount
- $24M
- Stage
- Series A
- Announced
- 5 May 2026
- Lead
- Resource Technology Capital
- Other investors
- Balerion Space Ventures, VoLo Earth, Capricorn Investment Group
- Use of funds
- Series A funds a demonstration smelter to rebuild US magnesium production.
- Checked
- Amount and date matched across 2 press sources
- Sources
- Magrathea closes $24M Series A for American magnesium production axios.com
Magrathea closes $24M Series A for American magnesium production pulse2.com