TechMet currently holds stakes in ten companies, including Brazilian Nickel and South Africa’s Rainbow Rare Earths, and so on, yet its modest valuation of about US$1.3 billion constrains large-scale investment. Since raising substantial funds would dilute existing investors, TechMet is taking a highly selective and strategic approach when choosing new investments. Earlier this year, TechMet raised US$300 million and has now reopened fundraising, expecting a significantly higher amount to close in 3–5 weeks.

The company’s CEO also expressed concern that Europe is falling behind the United States in building a critical minerals sector to curb Chinese dominance. He criticised European efforts as overly talkative, citing dysfunctional bureaucracy, lack of political will, and support and resolve despite the EU’s recent implementation of its Critical Raw Materials Act.