Hamilton Locke is proud to have advised Renewable Metals on its $12 million Series A capital raise, supported by a strong investor group including the Clean Energy Finance Corporation, managed by Virescent Ventures, Neglected Climate Opportunities, European Metal Recycling (EMR), and Investible alongside new investor Climate Tech Partners.
Renewable Metals is an Australian battery recycling company that has developed proprietary hydrometallurgical technology to recover critical minerals from used batteries – including nickel, cobalt, copper, and lithium. The company is led by CEO Luan Atkinson, CTO and founder Mark Urbani, and is chaired by Peter Beaven, former CFO of BHP.
This Series A capital raise is more than just a funding milestone – it marks a pivotal step for Renewable Metals’ journey towards full commercial scale. The investment will enable the company to operate its commercial prototype plant in Kewdale, WA, building upon the proven success of its past pilots. This is timely as battery end-of-life volumes accelerate and Australian businesses seek resilient supply chains that are less dependent on offshore processing – with domestic battery recycling capacity to be essential in Australia’s overall critical minerals strategy.
For more information, read the Australian Financial Review’s coverage of Renewable Metals and its Series A raise here.
Jo Ruitenberg, Partner at Hamilton Locke, said: “It has been an absolute privilege to support the Renewable Metals team on this pivotal milestone, following on from their seed round. Renewable Metals is doing genuinely important work – developing the domestic recycling infrastructure Australia needs to build a sovereign, circular battery supply chain. This raise is a launchpad for their next phase of growth, and we couldn’t be more excited to be part of the journey.”
The Hamilton Locke team was led by Partner Jo Ruitenberg and Lawyer Zane O’Neill, with support from Lawyer Michael Kallidis.
