Caterpillar has joined several companies contributing millions of dollars to a Massachusetts-based startup that specializes in critical metals refining.

December 7, 2023

1 Min Read
Taina Sohlman / Alamy Stock Photo

Caterpillar has joined several companies contributing millions of dollars to a Massachusetts-based startup that specializes in critical metals refining.

Through its subsidiary, Caterpillar Ventures Capital, the construction equipment company was one of several companies that donated a total of $44 million in Series B and non-dilutive financing to recycling company Nth Cycle.

Nth Cycle is the developer of the only patented electro-extraction modular refining system in the world. The modular unity combines electrochemistry, chemical precipitation, and filtration to process metal-bearing feed materials which turns them into metal and metal salts for resale.

“Caterpillar’s collaboration with Nth Cycle supports our commitment to helping our customers achieve their climate-related objectives and establishing a circular value chain,” said Rod Shurman, Senior Vice President of Electrification and Energy Solutions at Caterpillar.

“Wherever possible, we keep resources in the Caterpillar value chain through a circular flow of materials, energy, and water. Nth Cycle’s Electro-Extraction refining technology can help get valuable materials back into the supply chain.”

Read the full article here.

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