Biomining Startup Gets $13.5 Million as Critical Minerals Race Gathers Speed

Endolith, a biomining startup, has successfully closed a $13.5 million funding round, part of a Series A, led by Squadra Ventures, a firm with a focus on national security. This investment is significant as it reflects the increasing urgency in the race for critical minerals, essential for various technologies and industries. The funding will enable Endolith to enhance its operations and contribute to sustainable mining practices, which are becoming increasingly vital in the context of environmental concerns and resource scarcity. The company is also looking to raise an additional $3 million, which would further bolster its efforts in the competitive field of critical mineral extraction. As the global demand for these resources grows, Endolith's advancements could play a crucial role in shaping the future of mining and resource management.