BREAKING Still Bright raises $18.7M seed to reinvent copper RACER process recovers up to 99% of copper from ore Equipment runs 70-90% cheaper than a smelter Room temperature. No furnace. No toxic emissions. Backed by Breakthrough Energy & Fortescue Copper from mine waste the industry threw away BREAKING Still Bright raises $18.7M seed to reinvent copper RACER process recovers up to 99% of copper from ore Equipment runs 70-90% cheaper than a smelter Room temperature. No furnace. No toxic emissions. Backed by Breakthrough Energy & Fortescue Copper from mine waste the industry threw away
Newark, New Jersey  ·  Clean Copper  ·  Founded 2022

Copper without the furnace.

A smelter melts rock at 1,200 degrees to free copper. Still Bright does it with electricity, at room temperature, in minutes - and pulls out up to 99% of the metal without the smoke.

THE SCENE: A quiet lab in Newark. A tank of blue-violet vanadium solution. Ore goes in dirty; copper comes out clean. The furnace, for the first time in a century, is optional.

The Dispatch

Walk into Still Bright's lab and the thing you notice is what's missing. No roaring furnace. No plume. No sulfur bite in the air. Just a tank of vanadium solution the color of a bruise, and copper appearing where copper wasn't. For roughly a century, making copper has meant fire - crushing sulfide ore, then cooking it near 1,200 degrees to drive the metal out. Still Bright decided fire was a habit, not a requirement.

The company's answer is a patented process called RACER - Rapid and Complete Electrochemical Reduction. Soak copper-bearing material in a vanadium-based solution and the solution draws the metal out. When the solution is spent, electricity regenerates it. The chemistry was borrowed, cheekily, from vanadium flow batteries - the same technology built to store grid power for hours. Still Bright pointed it at rock instead.

99%
copper recovered from sulfide ore
70-90%
cheaper equipment than smelting
$18.7M
seed round, 2025
~15
people, mostly PhDs
How RACER Works

A battery, run in reverse.

Four moves take dirty concentrate to refined copper - no heat, no waste stream, minutes not days.

1

Soak

Copper ore, concentrate, or discarded tailings drops into a vanadium-based solution at ambient temperature and pressure.

2

Leach

The solution strips the copper out of the material in minutes - and enriches gold, nickel, cobalt, and molybdenum along the way.

3

Regenerate

Spent solution is renewed with electricity in a closed loop, the same trick a vanadium flow battery uses to store power.

4

Recover

Up to 99% of the copper comes out refined, with no harmful emissions and a footprint small enough to sit at a mine.

Smelter vs. RACER

Same copper. Different century.

The electric age runs on copper - motors, grids, batteries, data centers. The trouble is making enough of it without the smoke. Here's the contrast Still Bright is selling.

Conventional smelting

Temperature~1,200°C
Equipment costHigh
EmissionsSulfur & waste
Handles dirty concentratePoorly

Still Bright RACER

TemperatureAmbient
Equipment cost70-90% lower
EmissionsNone harmful
Handles dirty concentrateThrives on it
There's a lot of opportunity for us to be cheaper.
- Randy Allen, Co-founder & CEO, Still Bright
What It Unlocks

Copper hiding in plain sight.

Still Bright is business-to-business hard tech. Its customers are the mines - and the waste piles - that already exist.

Mine the waste

Tailings become ore

Copper the industry already dug up and discarded becomes feedstock again - resource recovery without opening a new pit.

Take the dirty stuff

Low-grade, no problem

RACER thrives on the dirty concentrates smelters reject, unlocking unconventional copper resources others write off.

Keep it domestic

Refine closer to home

A small, modular footprint that integrates with mine infrastructure - building a resilient, domestic copper supply chain.

Bonus metals

Gold, nickel, cobalt

The same pass enriches precious and critical co-products, adding value beyond the copper itself.

Skip the smoke

No harmful waste

Ambient temperature and a closed vanadium loop mean clean production - climate-friendly by construction, not by offset.

Move faster

Minutes, not days

Rapid extraction shrinks equipment and can ease the permitting path for new copper capacity.

The Founders

Two chemists who skipped the furnace.

Vincent Musi would frame them mid-thought: one who spent years hunting copper alternatives, one who invented the process that made the hunt unnecessary.

RA

Ranulfo "Randy" Allen

Co-founder & CEO

A second-time founder with a Stanford PhD spent developing copper alternatives - and 17+ years across the industry and venture capital, having mentored 20+ startups. He came back to fix copper itself.

JV

Jon Vardner

Co-founder & CTO

A Columbia chemical-engineering PhD and NSF Graduate Research Fellow who invented Still Bright's copper process and earned an Activate fellowship in 2022 to bring it out of the lab.

The Money

$18.7M to prove the furnace is optional.

A seed round that mixed climate capital with a strategic mining giant - a signal that the economics, not just the chemistry, hold up.

$18.7MSEED · 2025
Led by

Material Impact & Breakthrough Energy Ventures

With participation from
Azolla VenturesFortescueImpact Science VenturesSOSV
The Arc

From HAX bench to global HQ.

2022

Founded by Randy Allen and Jon Vardner; RACER emerges from the HAX hard-tech accelerator in Newark.

JULY 2025

Closes $18.7M seed round led by Material Impact and Breakthrough Energy Ventures; TechCrunch profiles the vanadium approach.

AUG 2025

Leases ~15,000 sq ft at Kenilworth's NEST campus - a 1.2M-sq-ft building - as global HQ and pilot-manufacturing space.

2026 →

Scaling from a ~2 tonnes/year pilot toward a 500 tonnes/year demonstration unit, with a commercial 10,000 tonnes/year system in view.

Marginalia

Six things worth clipping out.

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