Fluxnium raised $7 million while developing uranium-extracting fibers, TechCrunch reports

The short version

• Fluxnium closed a $7 million seed round led by Congruent Ventures, according to TechCrunch.[TechCrunch]
• The startup licensed polymer-fiber chemistry from the Department of Energy and continued developing the fibers’ production and configuration.[TechCrunch]
• A national-lab demonstration extracted uranium at more than $200 per pound. The provided reporting does not establish Fluxnium’s current extraction cost.[TechCrunch]

Key facts

• TechCrunch reports that Congruent Ventures led Fluxnium’s $7 million seed round.[TechCrunch]
• Fluxnium licensed Department of Energy chemistry for polymer fibers that attract uranium dissolved in seawater.[TechCrunch]
• TechCrunch reports that a national-lab demonstration of the technology extracted uranium at a cost exceeding $200 per pound.[TechCrunch]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Clean tech startup Fluxnium found a way to tap 50,000 years’ worth of nuclear fuelTechCrunch