"It's a new process. Our processing plant in
Burnaby can handle 5,000 kilos per day of
raw materials. We extract critical minerals
from those materials without generating any
wastewater. And so we process the materials
in a sustainable and economical manner."
-Mohammad Doostmohammadi
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A P R I L / M AY 2 0 2 5 p H 7 Te c h n o l o g i e s ; C o p p e r : S h u t t e r s t o c k / B o r s h c h F ilip p
some funding as well from the federal and provincial
governments. Overall, we've raised about C$35 mil-
lion in both grant and equity financing. We're scaling
up the process, building more around the world and
expanding nationally; we're going into the U.S. market,
Europe, Asia.
Who are your main competitors?
Is anyone doing what you're doing
on this level?
Our major competitors are the existing operations—
processing plants, smelters. We're an alternative to
smelters, a complementary process. As far as new
technologies out there, especially in PGM [plati-
num, palladium, rhodium, ruthenium, osmium and
iridium], I don't know anyone commercialized at
this point.
Are you planning on raising more money?
Can you keep growing at this rate?
The next funding round will be [this year] or next year.
I believe that's the pace we have to keep if we want
to be a successful company competing in this market.
Commodities are expensive. If you want to compete
with multinational companies, the only way you can
do it is through growth.—N.C.
