Jetti Resources

Jetti Resources, LLC, based in Boulder, US, is a mining technology company that specializes in enhancing copper extraction through proprietary catalytic technology for low-grade primary sulfides. Founded in 2014 in Boulder, US, Jetti Resources focuses on developing catalytic systems to improve copper extraction processes. The company has completed 5 deals, with its most recent funding round, Series D, occurring in December 2022, raising USD 100. 00 mn led by T.

Rowe Price. Mike Outwin, the CEO and founder, has a background in mining technology and has previously founded other ventures. Jetti Resources specializes in the development and deployment of proprietary catalytic technology that enhances copper extraction from low-grade primary sulfides, particularly chalcopyrite. This technology addresses significant challenges in the mining industry by allowing for more efficient recovery of copper, thereby unlocking vast resources previously deemed unrecoverable.

The company's core offerings include their catalytic systems that facilitate the leaching process, which are designed to improve copper yields while adhering to environmental sustainability standards. Jetti's products primarily serve mining companies operating in regions with significant copper ore deposits, including North America and parts of South America. The end users of Jetti's technology are typically large-scale mining operations focused on maximizing resource recovery while minimizing ecological impact. Jetti Resources operates primarily on a business-to-business (B2B) model, engaging directly with mining companies that utilize its catalytic technology to enhance copper extraction processes.

Revenue is generated through partnerships and collaborations where clients pay for the implementation of Jetti's proprietary systems and ongoing support services. The structure of these transactions may involve upfront fees for technology deployment, as well as performance-based pricing linked to the copper yields achieved. The flagship technology, which is trademarked, serves as a cornerstone for the transactions, with clients benefiting from increased efficiencies in their operations. Specific pricing plans are structured around the unique needs of each client, factoring in the scale of their operations and the expected improvements in yield.

In December 2022, Jetti Resources raised USD 100. 00 mn from new investor BMW Group to support technological progress in the field of copper extraction. The company aims to expand its technological offerings with new products designed to further enhance copper extraction efficiency. Additionally, Jetti is targeting expansion into new geographic markets, particularly in South America, by 2024, where demand for its innovative copper extraction solutions is increasing.