Boulder, Colorado $10M Seed Round Closed 2025 Protein-Based Mineral Separation Backed by DCVC · Voyager · In-Q-Tel Rare Earths From E-Waste & Tailings Tech Licensed From Lawrence Livermore ~35 Employees Precision Mining Boulder, Colorado $10M Seed Round Closed 2025 Protein-Based Mineral Separation Backed by DCVC · Voyager · In-Q-Tel Rare Earths From E-Waste & Tailings Tech Licensed From Lawrence Livermore ~35 Employees Precision Mining
Company Profile · Deep Tech · Critical Minerals
Alta Resource Technologies logo

Alta Resource
Technologies

Boulder's protein-based answer to a very hard, very geopolitical question: who gets to control the metals inside the modern world?

Rare Earth Elements Protein Engineering Climate Supply-Chain Security

A logo on a white plate, which is roughly how the company looks from the outside: tidy, corporate, unremarkable. The interesting part is invisible - a protein, folded just so, that grabs one rare-earth atom and ignores the rest.

The Pitch

A biology company that wandered into a mining problem

Here is a fact that sounds made up but isn't: the metals that make an electric-car motor spin, a wind turbine turn, and a guided missile guide are, chemically, almost impossible to tell apart. Neodymium and dysprosium sit next to each other on the periodic table and behave like siblings who share a wardrobe. Separating them is one of the genuinely hard problems in industrial chemistry, and the conventional solution - hundreds of stages of solvent extraction, a great deal of acid, and a great deal of waste - is the kind of process that mostly happens in China, partly because mostly nobody else wants to do it.

Alta Resource Technologies, a startup of about 35 people in Boulder, Colorado, proposes to do it with proteins instead. Not metaphorical proteins. Actual engineered proteins, the same class of molecule your body uses to shuttle iron and zinc around, redesigned to clamp onto a single target metal out of a messy solution and then, on command, let go. The company calls this "precision mining," which is a nice phrase because it reframes the entire enterprise: the goal is not to move more rock, but to be more selective about the atoms you already have.

The company's stated vision is four words long - "Nothing wasted, everything recovered" - which is either a mission statement or a rebuke of the entire extractive industry, depending on how you read it.

If it works at scale, the implications are large and slightly strange. The best rare-earth deposit in the room might be the drawer of dead phones in your kitchen. A refinery might be the size of a shipping container rather than a county. And the United States, which currently operates roughly one rare-earth mine and refines almost nothing, might get a domestic supply chain out of biochemistry rather than geology. Those are big ifs. But the people writing the checks - climate investors and, notably, the CIA's venture fund - seem to think the ifs are worth funding.

By The Numbers

Small company, large numbers

$10M
Seed Raised
~35
Employees
2023
Founded
1
US Rare-Earth Mine (whole country)
The Technology

How a protein does a refinery's job

Strip away the biochemistry and the process is almost boringly mechanical - which, for an industrial technology, is exactly what you want.

STEP 01

Dissolve

Low-grade ore, mining tailings, or shredded electronic waste is put into solution, producing a complex soup of many different metal ions.

STEP 02

Bind

The solution flows through columns packed with resin coated in custom-designed proteins. Each protein is engineered to grab one target metal and ignore the others.

STEP 03

Release

Once the proteins are saturated, the column is flushed. The captured rare earths let go at high purity - neodymium here, praseodymium there.

STEP 04

Repeat

The proteins are durable enough to be reused across cycles, which is what turns a clever lab trick into something that could plausibly pay for itself.

Why This Matters · Global Rare-Earth Refining Share (approx.)
China
~90%
Rest of World
~10%
United States
~small

Figures are approximate and widely cited in industry reporting. The concentration - not the exact percentage - is the point, and it is the reason a Boulder biochemistry startup is also, functionally, a national-security company.

China can very easily weaponize this critical mineral supply.
- Nathan Ratledge, Co-Founder & CEO
What It's For

Who actually uses this

Alta is a B2B company, which means its customers are not you but the industries that sell to you. Broadly, the platform is aimed at three groups. First, miners and processors sitting on low-grade ore and tailings piles - material that conventional refining considers too dilute to bother with. Second, e-waste recyclers, for whom "too dilute" is the entire business, since a hard drive is a very small rare-earth mine with a very complicated shape. Third, the buyers at the end of the chain: EV and wind manufacturers, electronics firms, and the defense sector, all of whom would prefer their neodymium not to arrive with geopolitical strings attached.

The practical promise is selectivity plus a smaller footprint. If you can pull high-purity rare earths out of waste streams - with less toxic chemistry and in a modular, container-scale unit - you change where refining can happen, and who is allowed to do it. That is the pitch. Whether the economics hold at industrial volume is the thing the next few years are for.

MARKET

Miners & Processors

Recover value from low-grade ore and tailings that conventional refining leaves on the table.

MARKET

E-Waste Recyclers

Extract rare earths from dead electronics instead of shipping them abroad or landfilling them.

MARKET

Clean Energy & Defense

Buyers seeking a domestic, lower-impact source of the metals inside motors, turbines, and hardware.

The Origin Story

License the science, build the company

Alta didn't invent its core chemistry from scratch. It did something arguably smarter - it took proven protein-engineering work out of the lab and built a company fast enough to scale it.

National Lab

Core protein-engineering technology was licensed from Lawrence Livermore National Laboratory.

University

Key innovations were co-developed with researchers at Pennsylvania State University.

Government Backing

Roughly $1M in grants from DARPA and the State of Colorado, plus DOE Critical Materials Innovation Hub support.

Venture Capital

A $10M seed round to turn licensed science into a working, scalable platform.

The Team

Who's building it

Nathan Ratledge
Co-Founder & CEO
Nicolas Daffern
Co-Founder
Matthew Lipscomb, PhD
CSO / President
Eileen Spindler, PhD
SVP, Research & Development
Maire Callanan
VP, Commercialization
Deanna Church, PhD
VP, Data
The Money

A seed round in two acts

JAN 2025

$5.1M initial seed - Led by DCVC and Voyager Ventures, with Orion Industrial Ventures, Overture, and WovenEarth Ventures. The company publicly debuts its protein-based separation platform and its plan to build a shipping-container-scale pilot facility.

MAY 2025

Expanded to $10M - An additional $4.4M, again co-led by DCVC and Voyager, adds In-Q-Tel, the CIA's strategic venture arm. When a climate VC and a spy agency fund the same round, it's usually because they've noticed the same metals.

DCVC
Co-Lead
Voyager
Co-Lead
In-Q-Tel
CIA Venture Arm
Orion
Industrial Ventures
Worth Knowing

Five things that stick with you

Go Deeper

Links, coverage & video

Video & talks: Search Nathan Ratledge interviews on YouTube →  ·  Deep Tech Week talk →

Quick facts: Alta Resource Technologies

Alta Resource Technologies is a Boulder, Colorado deep-tech startup using engineered proteins to selectively separate rare earth elements and other critical minerals from low-grade ores, mining tailings, and electronic waste. Its 'precision mining' platform, licensed from Lawrence Livermore National Laboratory and co-developed with Pennsylvania State University, binds individual metals with high selectivity, aiming to cut the cost and environmental damage of conventional chemical refining while helping secure a domestic U.S. supply of materials used in EVs, wind turbines, electronics, and defense systems.

Founded
2023
Headquarters
Boulder, Colorado, United States
Founders
Nathan Ratledge (Co-Founder & CEO), Nicolas Daffern (Co-Founder)
Team size
~35 employees
Products
Protein-based mineral separation platform, Precision mining service, Technology licensing / partnerships
Notable
Raised a $10M Series Seed round (2025) co-led by DCVC and Voyager Ventures., Attracted investment from In-Q-Tel, the CIA's strategic venture arm., Secured roughly $1M in grant funding from DARPA and the State of Colorado.

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