FAST Metals

Summary active Updated Aug 4, 2026

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Location Stamford, CT
Founded 2025
Latest Stage Pre-Seed
Total Raised $4.3M
Website https://www.fastmetals.com
Sector
cleantech mining critical-minerals hardware climate industrial

Founders

Sumedh Gostu CEO & Co-Founder
Anthony Staley CTO & Co-Founder

About

FAST Metals is a Stamford, Connecticut mining technology company that recovers base and rare materials from red mud (bauxite tailings) and other iron-rich waste streams 123. The company’s patented process removes iron from low-grade feedstock, turning alumina refining waste into new sources of critical minerals and metals for defense and clean-energy supply chains 12. FAST was founded in 2025 by Sumedh Gostu, former technical director at Glencore, and Anthony Staley, former CEO of Nyrstar USA 12.

Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.

Funding History

Date Round Amount Lead Co-investors
2026-07-29 Pre-Seed $4.3M New Climate Ventures Azolla Ventures, Humba Ventures, Astor Swiss, Rio Tinto (via Founders Factory mining tech accelerator) 123

Alongside the pre-seed close, FAST announced its first commercial customer, Metalox Mineral Corporation, and will process one ton of red mud and iron-bearing waste feedstock per week at Metalox’s Florida facility to validate commercial viability 12.

What Investors Say

No independently sourced investor commentary beyond press-release attribution at this time.

What Founders Say

Dr. Sumedh Gostu, CEO, said: “Our patented technology platform for critical mineral extraction removes iron from low-grade feedstock and turns alumina refining waste into previously untapped sources of minerals and metals.” 1

Sources

  1. PR Newswire / FAST Metals press release, “FAST Metals Raises $4.3 Million and Commercializes Critical Mineral Recovery Technology,” July 29, 2026. Accessed August 2026. https://www.prnewswire.com/news-releases/fast-metals-raises-4-3-million-and-commercializes-critical-mineral-recovery-technology-302837149.html↩↩↩↩↩↩

  2. TechCrunch, “Fast Metals is treating waste with more waste to extract critical minerals,” July 29, 2026. Accessed August 2026. https://techcrunch.com/2026/07/29/fast-metals-is-treating-waste-with-more-waste-to-extract-critical-minerals/↩↩↩↩↩

  3. MINING.com, “FAST Metals raises $4.3M, inks deal to process red-mud stockpiles,” July 29, 2026. Accessed August 2026. https://www.mining.com/fast-metals-raises-4-3m-inks-deal-to-process-red%E2%80%91mud-stockpiles/↩↩