TechMet seeks up to 200 million dollars in new funding for critical minerals projects
TechMet is raising 200 million dollars to fund critical mineral projects. CEO Brian Menell announced the move today at a mining conference held in Cape Town.
Insights:
TechMet has reopened its fundraising to seek up to $200 million in additional capital to finance critical minerals projects, building upon a prior $300 million round. This ongoing raise, which is being concluded as of February 9, 2026, represents material incremental capital for the sector. The primary purpose of the funding is to advance work across the critical minerals value chain at a time of heightened strategic competition to secure those supplies.
The fundraising effort is significant as it occurs amid intensified geopolitical competition between the United States 
US and China to secure African critical mineral supplies. Brian Menell is overseeing the process, which has already secured the involvement of major institutional investors. These include the Qatar 
QA Investment Authority and the U.S. International Development Finance Corp, alongside private participants such as Mercuria, S2G Investments, and Lansdowne Partners.
US and China to secure African critical mineral supplies. Brian Menell is overseeing the process, which has already secured the involvement of major institutional investors. These include the Qatar QA Investment Authority and the U.S. International Development Finance Corp, alongside private participants such as Mercuria, S2G Investments, and Lansdowne Partners.
