Boston Metal Announces $51 Million Convertible Note to Accelerate Scale-Up of Critical Metals Plant and Capitalize on Recent Steel Technology Milestone

BOSTON, July 10, 2025 (GLOBE NEWSWIRE) -- Boston Metal, a technology company redefining global metals production, today announced it has raised $51 million in a convertible note investment from existing investors including BHP Ventures, Breakthrough Energy Ventures, Piva Capital and SiteGround. Underscoring sustained investor confidence in Boston Metal's team, technology and dual-business unit strategy, funds from the note will support the deployment of the second phase of its critical metals plant in Brazil, slated to come online in mid-2026, and reinforce the company's continued development of its green steel solution.

"Boston Metal's unique process makes steel production efficient, cost-effective and more sustainable," said Laurel Buckner, VP of Ventures at BHP. "The investment in Boston Metal continues to drive BHP Ventures' support of game-changing technologies that drive innovation for the broader industry."

This infusion of capital comes on the heels of multiple strategic advancements for the company. Boston Metal recently welcomed Eduardo Bartolomeo—former CEO of Vale and a globally respected metals executive—to its Board of Directors, ...