Phoenix Tailings
Phoenix Tailings is an Advanced Metals & Metallurgy company founded in 2019 and based in Woburn, United States. It has raised $76M in total funding, most recently a Series B in 2025.
Founded in 2019 by Nick Myers, Tomas Villalon, Michelle Chao and Anthony Balladon, Phoenix Tailings operates a domestic rare-earth and critical-metals refinery in Woburn, Massachusetts. Its zero-waste process extracts and refines rare earths and metals such as nickel, magnesium and iron from mine tailings, scrap and other waste using a carbon-neutral, renewable-powered route, then ships finished metal globally. The company expanded a Series B to $76 million in 2025 with backing from Envisioning Partners, Escape Velocity, BMW i Ventures, Yamaha Motor Ventures and Sumitomo's Presidio venture arm, and has won multiple ARPA-E and federal awards supporting domestic critical-mineral independence.
It is one of the few U.S. operators refining rare earths domestically and from waste, directly addressing China's dominance of the critical-minerals supply chain.
phoenixtailings.com ↗·Advanced Metals & Metallurgy·
United States·private 
