- Founded
- 2023
- Employees*
- 2
- Funding to Date*
- $275,0000
- Website
- transition.bio/
Why we invested:
In the $220B copper mining industry, “heap leaching” of waste rock with low concentrations of ore has become a standard practice. Heap leaching works in two ways: 1) sulfuric acid is sprayed on top to trickle through the heaps, and 2) natural microbes in the heaps also help dissolve the copper mineral into solution. It’s been widely noted that the microbes can speed up leaching by up to 2x, but nobody knows why or how this happens – or how to consistently recreate it.
Transition Biomining is building a platform to control the microbes in heaps, and deliver faster leaching every time. The economic value of improving leaching is enormous – a mere 5% boost can be worth $100 million per mine annually.