New Wave, a global technology holding headquartered in Luxembourg, is thrilled to announce its successful raise of $120,000,000—a significant milestone that will accelerate its mission to revolutionize sustainable practices in the mining and metallurgical sectors. Under the umbrella of New Wave, the firm’s innovative approach is channeled through its subsidiary, New Wave Tech, a dynamic research and development center dedicated to engineering cutting-edge, eco-friendly technologies for the recovery of strategic minerals from waste streams and marginal deposits. This fresh capital will propel groundbreaking projects across its portfolio, notably the transformative technologies pioneered by Wave Aluminium and Wave Nickel. Wave Aluminium has developed a disruptive microwave-based process that converts toxic alumina refinery waste into marketable products, while holding green patents that underscore its commitment to eliminating some of the largest environmental liabilities worldwide. Similarly, Wave Nickel is redefining the electric vehicle supply chain by unlocking the inherent value in low-grade nickel ores, employing a revolutionary beneficiation process that has also received green certification for its sustainable impact. Emphasizing circular economy principles, reduced CO2 emissions, and minimal water consumption, these initiatives embody New Wave’s forward-thinking strategy. With strong backing from Lorinvest, inspired by the visionary Lorentzen family, this funding will not only support technological advancements but also reinforce the company’s position as a trailblazer in scalable, green solutions. As New Wave embarks on this transformative journey, the company is set to make a lasting impact on environmental sustainability and industrial innovation worldwide.
New Wave Secures $120M to Power a Sustainable Revolution in Mining Technology
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