#United States #Casper #DISA Technologies #Uranium Remediation #Mineral Recovery

DISA Technologies Secures $30 Million in Series A2 Funding

DISA Technologies Inc., a trailblazer in the field of mineral recovery and uranium remediation, has recently announced the closure of its oversubscribed Series A2 financing round, successfully raising a total of $30 million. This significant funding includes $23 million sourced from primary investors and an additional $7 million from secondary investors to manage oversubscription, as well as provide liquidity to early angel backers.

The investment round was spearheaded by Evok Innovations and included key participation from Constellation Technology Ventures (CTV), the venture arm of Constellation Energy, the largest producer of emissions-free energy in the United States. Additional investments came from Valor Equity Partners and Veriten, alongside ongoing support from existing investors such as Halliburton Labs.

DISA's innovative solution, known as High-Pressure Slurry Ablation (HPSA) technology, is designed for modern mineral processing and environmentally safe remediation. This cutting-edge technology promises a more efficient, cleaner method for extracting valuable minerals and tackling the environmental hazards associated with Abandoned Uranium Mine (AUM) waste. With this new funding, DISA is poised to scale HPSA for dual applications – boosting mineral recovery rates for mining operators while simultaneously cleaning up hazardous waste from historic uranium sites.

Greyson Buckingham, DISA's CEO, expressed enthusiasm for the support from strategic partners, stating, "We're proud to have the support of such forward-thinking partners who share our vision of increasing global critical mineral production and converting toxic legacy waste into strategic assets that enhance sustainability and energy resilience in America."

Constellation Technology Ventures’ investment highlights the strategic importance of DISA's advancements in uranium remediation. Following a successful 2023 EPA Treatability Study, DISA has entered into a memorandum of understanding with the Navajo Nation EPA to initiate a Phase 2 commercial-scale demonstration project. With the acceptance of DISA's application for an NRC Service Providers License under review, the company is on track to become the first licensed provider in the U.S. focusing on uranium remediation.

At Constellation, leaders recognize the link between securing America’s energy supply and enhancing its fuel production. Bryan Hanson, Chief Generation Officer, noted that DISA's innovative strategies align with their goals for clean and reliable energy.

The recent contributions by Evok Innovations and Valor Equity Partners not only provide necessary funds but also lend strategic insights and operational expertise to DISA, facilitating further growth. Veriten’s involvement enriches DISA with critical industry insights and connections, while Halliburton Labs continues to be an essential partner, aiding in the scale-up of DISA’s innovations.

David Heskett from Valor Equity Partners affirmed their commitment, stating, "Valor Equity Partners is proud to invest in DISA, a company that embodies innovation with significant growth potential. Our investment mirrors our belief in their vision and leadership team's capabilities."

The financing will expedite DISA's commercialization of HPSA technology, speeding up operational capabilities and enhancing ongoing remediation efforts. With successful milestones achieved in the past two years, this latest round of funding is expected to position DISA for rapid expansion and increased impact on both the mining and environmental sectors.

For more information about DISA Technologies and its revolutionary solutions, one can visit DISA Technologies. Founded in 2018 and based in Casper, Wyoming, DISA Technologies focuses on transforming mineral processing and remediation while promoting sustainable practices across the industry.