Ultromex Ltd, a Birkenhead, UK-based company that has developed processes for the recovery of high-value metals from electronic and industrial waste products, has raised £550k in funding.
The capital was provided by The North West Fund for Energy & Environmental, managed by CT Investment Partners.
Founded by CEO Jonathan Quinn and Harry Middleton in 2011, Ultromex works in partnership with global metal recycling and industrial businesses, helping them to recover high-value metals more efficiently while significantly lowering energy use and emissions. It is currently commercializing processes for the recovery of metals from printed circuit boards, and lead from leaded glass, with an 8,000 tonne per annum plant under construction in Ellesmere Port.
The company intends to use the new funding to develop its processes for recycling of catalysts, industrial sludges and dross, and residual mine tailings.
Adam Workman, partner at CT Investment Partners and manager of The North West Fund for Energy & Environmental, will join the board of the company as a non-executive director with immediate effect.