NextOre raises $2.0 million in private funding

NextOre has successfully raised $2.0 million in a private funding round primarily to ramp up manufacturing and sales of its flagship bulk ore sorting sensor system.

This disruptive technology in the mining space represents a dedicated and world class development by CSIRO Minerals Resources and is the second game changing and successful partnership between CSIRO and RFC Ambrian commercialising mining technology. With $2.0 million in commitments, the company has announced a soft close for the fundraising, retaining the option to raise an additional $0.5 million.

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17 Jun, 2019