The opportunity 

• Europe generates 16 million tons of steel slag annually.
• Unlike Russia and China, EU does not process steel slag but uses it as construction
  material causing environmental concern.
• This represents an untapped reserve of vanadium, iron, calcium, magnesium and
  other critical raw materials under EU law.
• Phoenix has potential access to +600k tons per year from Tata Steel Netherlands
  (equal to 2–3% of global vanadium supply).
• Demand for vanadium in energy storage is rising sharply, EU is import-dependent.

Phoenix Metals develops a clean, scalable, and fully circular technology to recover vanadium and other critical metals from steel slag – a vast, largely untapped residue stream from the European steel industry. Our patented process transforms this industrial waste into battery-grade vanadium electrolyte and four high-value co-products, without mining, without harmful solvents, and with up to 85% lower CO₂ emissions.

We offer investors the opportunity to participate in a proven and fast-growing circular business model that directly aligns with European legislation such as the Critical Raw Materials Act (CRMA) and the Carbon Border Adjustment Mechanism (CBAM), while playing a key role in the energy transition.

1. Circular business model in Europe’s raw materials transition

Phoenix transforms steel slag, a large and underutilized industrial residue, into multiple high-value products. This directly supports the EU Critical Raw Materials Act and the Carbon Border Adjustment Mechanism. Our model eliminates waste, reduces CO₂ emissions by up to 85%, and strengthens Europe’s strategic raw materials supply.

2. Market potential

Phoenix offers a complete solution for steel slag valorisation, producing four high-value products: vanadium pentoxide (V₂O₅) for battery-grade electrolyte, magnesium hydroxide for flame retardants and industrial applications, iron oxide for pigments and steelmaking, and calcium hydroxide for construction and water treatment. A diversified portfolio with access to multi-billion-euro markets, while eliminating waste and reducing CO₂ emissions.

3. Proven IP and technology at TRL 5

A proprietary, solvent-free recovery process for vanadium operating below 100 °C with 95% recovery efficiency. Protected by process IP, trade secrets, and long-term feedstock agreements, creating high barriers to entry and a sustainable competitive advantage.

4. EBITDA-positive FOAK plan

Building on successful pilot projects, Phoenix has developed a roadmap for its First-Of-A-Kind (FOAK) commercial plant, targeting profitability from the very first year of operation through secured offtake agreements, byproduct sales, and optimized operational efficiency.

5. Experienced & complementary team

A proven track record in chemistry, process technology, circular economy, and scaling deeptech ventures. Backed by more than €5.6 million in public funding and strategic partnerships with industry, government, and research institutions.