Pioneering Platform Powers Progressive ProductionBoston Metal, headquartered in Woburn, Massachusetts, is reshaping global metals production through its patented Molten Oxide Electrolysis platform. This technology aims to deliver carbon emissions-free steel while creating sustainable ways to extract high-value metals like niobium, tantalum and tin from mining waste, transforming previously overlooked resources into profitable materials.

Strategic Support Strengthens Scaling StrategyThe new $51 million convertible note investment from BHP Ventures, Breakthrough Energy Ventures, Piva Capital and SiteGround provides the financial backbone to accelerate Boston Metal’s scale-up. The funds will support the next phase of the critical metals plant in Minas Gerais, Brazil, set to start operations by mid-2026, and advance the company’s innovative MOE Steel demonstration plant.

Brazilian Breakthroughs Bolster Business BlueprintBoston Metal’s Brazil facility uses MOE to recover valuable critical metals from mining and metallurgical waste. By doing so, it contributes to a circular metals economy, reducing environmental impact while creating fresh revenue streams. Revenue generation from the plant is expected to begin later this year, signaling a key shift from pilot to profitable operations.

Tonnage Triumph Transforms Technological TrajectoryEarlier this year, Boston Metal commissioned its multi-inert anode MOE industrial cell at its Massachusetts headquarters. This breakthrough confirmed that the MOE process could scale up for tonnage steel production, a critical step toward the deployment of its first MOE Steel demonstration plant designed to prove commercial viability.

Boardroom Boost Brings Broader Bench StrengthAdding to its momentum, Boston Metal welcomed Eduardo Bartolomeo, former CEO of Vale, to its Board of Directors. His global industry expertise strengthens the leadership team and aligns Boston Metal’s strategic growth with deep operational insights from one of the world’s leading mining companies.

Investor Insight Illuminates Industry Impact“This investment is a powerful vote of confidence in our critical metals business and steel program,” noted Tadeu Carneiro, CEO of Boston Metal. Meanwhile, Laurel Buckner, Vice President of Ventures at BHP, emphasized how Boston Metal’s process makes steel production more efficient, cost-effective and sustainable, aligning with BHP’s pursuit of innovation.

Key Takeaways:

• Boston Metal raised $51 million from major investors to advance its critical metals plant in Brazil and green steel program.

• The company’s Molten Oxide Electrolysis technology enables carbon emissions-free steel and sustainable recovery of valuable metals from waste.

• Recent milestones include commissioning an industrial MOE cell and adding former Vale CEO Eduardo Bartolomeo to the board.