Exterra Carbon Solutions, a Montreal, Canada-based cleantech firm reworking legacy mining waste into sustainable supplies, closed a CAD $20m Sequence A financing spherical.
The spherical, which introduced whole raised funding to CAD $32m, was co-led by Clear Power Ventures and BDC Capital, with the participation of the Authorities of Quebec, Investissement Quebec, MOL Change, and Kinetics, a Karpowership initiative.
The corporate intends to make use of the funds to speed up the mixing of the mining trade into the round financial system.
Led by Olivier Dufresne, CEO, Exterra Carbon Options focuses on reworking legacy mining waste into sustainable, low-carbon important minerals and CO₂ sequestration options. It leverages proprietary LOW™ course of to supply low-carbon steel oxides and priceless by-products, alongside the ROC™ course of to completely mineralize CO₂.
Exterra’s commercialization technique centres on its upcoming Hub I venture, scheduled to start development in 2027, in Quebec. Hub I will course of over 300,000 tonnes of asbestos mine tailings (AMT) yearly. The ability will absolutely destroy any remaining asbestos fibres and allow the rehabilitation of mining websites. The corporate has derisked its applied sciences by means of pre-commercial pilot operations in Val-des-Sources, Quebec.
After the inauguration of Hub I, Exterra goals to combine key items of its applied sciences into larger-scale mining and mineral processing functions internationally. This contains areas corresponding to acid recycling, mineralization of emissions, and past.
FinSMEs
12/05/2025
