London-based CMC Mining Corporation raises £776k for strategic mineral exploration

CMC Mining Corporation Limited is targeting the production of strategic minerals essential for the electric vehicle battery market through its exploration projects in Chile. The London-based company recently secured £776.4k in new funding, resulting in an estimated post-money valuation of £6.2m.

Founded in 2022, the business focuses on the development of mining opportunities for lithium, copper, cobalt, nickel, and rare earths. These materials are critical components for the energy transition, specifically for battery manufacturing and large-scale energy storage. CMC Mining operates with a focus on responsible mining practices within Chile and the wider Latin American region.

This latest round (allotted in April and filed in May) follows a series of smaller capital raises over the past four years. The current £6.2m valuation is an increase from the £3.2m valuation recorded in August 2025, though it sits below the £6.6m valuation achieved during an £86k raise in January 2026.

The company has maintained a consistent cadence of fundraising since its inception. In 2024, CMC Mining raised £128.9k in April at a £5.1m valuation and £75.2k in October at a £4.8m valuation. During 2023, the firm completed multiple allotments: £264.1k in March, £141.9k in May, and £88k in June, with valuations ranging from £3.5m to £4.5m. Its initial funding in March 2022 raised £92.3k at a valuation of £3.9m.

Financial records show the company most recently filed accounts for the year ended 31 December 2024. The company continues to focus its resources on the exploration and development of its Chilean assets to meet the demand for battery-grade minerals.