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Terrafame
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Miner and producer of metals including nickel, zinc, cobalt and copper using bioleaching

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Company type Private Public ()
Company type

Industry Group resources & environmental management

Sector natural resources

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Finland Finland
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Updated by Cleantech Group on 02/28/2025

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Date Company
02/06/2023

Umicore Umicore

Umicore has sigened a long-term agreement with Terrafame for supply of sustainable low-carbon nickel sulfate.

Confirmed by Umicore
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Date Partner Type
06/14/2023
Fortum Fortum
Fortum and Terrafame have signed an agreement for an experimental project in which metals recovered from the black mass of EV batteries by Fortum will be utilised in Terrafame’s battery chemical production.
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Date Investors Type Amount
02/27/2025 Finnish Minerals Group Finnish Minerals Group , Trafigura Trafigura (2)
Post-money valuation of
Funding will be used to finance ongoing significant investments and secure the continuation of operations far into the future.
 Growth Equity $51,998,250
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