Revex Technologies
Revex Technologies is a Michigan-based midstream processing platform that converts mine tailings, sulfidic waste, and spent lithium-ion batteries into defense-eligible nickel concentrate, black mass, sulfuric acid, and paste backfill for mining operators, battery manufacturers, defense, and energy infrastructure customers, launching commercial operations in 2027.
- Company typePrivate
- Founded-
- HeadquartersHoughton, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Revex Technologies does
Revex Technologies is an independent midstream critical mineral processing platform founded in 2023 and headquartered in Houghton, Michigan. The company converts mine tailings, sulfidic waste, and spent lithium-ion batteries into nickel concentrate, black mass, and commercial-grade sulfuric acid through an integrated chain of metallurgical unit operations including desulfurization, flotation, fluidized bed roasting, reduction, and mechanical separation. Its operations are organized across a multi-plant ecosystem: the Desulfurization Facility and ReClaim materials facility in Champion, the Eagle Paste Facility at Eagle Mine's Humboldt Mill in Marquette County, and the planned ReCover battery recycling facility in Midland (launching 2027).
The company's revenue model is transaction-based, monetizing tailings processing services, sale of nickel concentrate and black mass to mineral refining customers, sale of paste backfill to mining operators, and sale of sulfuric acid to industrial buyers. Pricing is not publicly disclosed; economics are positioned around structural cost advantages and coproduct value rather than speculative commodity assumptions. The go-to-market is enterprise field sales combined with partner-led growth, anchored by a strategic partnership with Eagle Mine (Lundin Mining), the only operating primary nickel mine in the U.S. Customer segments include mining companies, lithium-ion battery manufacturers, defense and aerospace buyers requiring FEOC-free supply, and energy infrastructure operators supporting data centers and grid storage.
Revex serves these markets through direct enterprise relationships and channel partners such as Michigan Technological University, MTEC SmartZone, Hatch (engineering), and P&ID (battery recycling engineering). The company is pre-revenue and preparing for first commercial operations in 2027, with $145M in contracted grant funding from the U.S. Department of Energy and $50M from the State of Michigan's MIIMCF supporting a $398M total REV Nickel Project investment alongside Eagle Mine.
Revex Technologies firmographics
Firmographics- Name
- Revex Technologies
- Legal name
- Revex Technology, Inc.
- Website
- https://revextech.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Revex Technologies is a Michigan-based midstream processing platform that converts mine tailings, sulfidic waste, and spent lithium-ion batteries into defense-eligible nickel concentrate, black mass, sulfuric acid, and paste backfill for mining operators, battery manufacturers, defense, and energy infrastructure customers, launching commercial operations in 2027.
- Ownership category
- akta.pro rank
Revex Technologies industry classification
Industry- Product category
- Mineral Processing
- NAICS
- Materials Recovery Facilities (562920), Hazardous Waste Treatment and Disposal (562211), Waste Management and Remediation Services (562)
- SIC
- Refuse Systems (4953), Industrial Process Furnaces & Ovens (3567)
- akta.pro primary industry
- Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD)
- akta.pro secondary industry
- Metal Melting & Secondary Smelting/Refining (Recycled Feedstock Producers) (EUAIAJAJ)
Keywords
Where Revex Technologies is headquartered
LocationHeadquarters
- HQ city
- Houghton
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Revex Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Infrastructure, Operations, Supply Chain, Personnel, Marketing or Sales
Revenue model
- Critical Mineral Intermediates Sales: Revenue from processing mine tailings and recycled batteries into nickel concentrate, black mass, and other critical mineral intermediates sold to mineral refining customers and battery manufacturers. Products include nickel iron sulfide, sulfidic tailings processing, and sulfuric acid.
- Paste Backfill Production: Produces paste backfill from processed tailings for sale back to mining operations, creating coproduct revenue stream while reducing environmental liabilities.
- Tailings Processing Services: Fee-based processing of mine tailings for mining company partners, reducing their TSF costs by up to 50% operational savings and 70% closure cost reduction while generating revenue from waste streams.
- Sulfuric Acid Sales: Concentrates sulfur extracted from tailings processing into commercial grade sulfuric acid delivered to industrial customers.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Revex Technologies product offering
Product offeringCore offering
Revex Technologies operates an independent midstream processing platform that converts sulfidic mine tailings and spent lithium-ion batteries into defense-eligible nickel concentrate, black mass, commercial grade sulfuric acid, paste backfill, and nickel iron sulfide. The company runs four integrated processing facilities — a Desulfurization Facility, the Eagle Paste Facility, the ReClaim™ Materials Facility, and the ReCover™ Recycling Facility — primarily under the REV Nickel Project with Eagle Mine, with first commercial operations scheduled for 2027.
Product overview
Revex Technologies operates as an independent midstream processing platform with a multi-plant ecosystem comprising three related facilities: the Eagle Paste Facility (flotation technology for mine waste), the ReClaim™ facility (fluidized bed roasting to produce Green Nickel Concentrate), and the ReCover™ facility (battery recycling). The flagship REV Nickel Project, in partnership with Eagle Mine, converts mine tailings and recycled batteries into defense-eligible nickel and strategic mineral intermediates. The Desulfurization Facility provides upfront processing to reduce sulfidic tailings before material enters the ReClaim facility for mineral extraction.
Differentiator
Problem solved
Functional benefit
Brands
- ReCover™: Recycling facility for processing spent lithium ion batteries and producing black mass as a source of domestic critical minerals.
- ReClaim™
Products and services
- REV Nickel Project Flagship integrated processing project executed in partnership with Eagle Mine to convert sulfidic mine tailings and spent lithium-ion batteries into green nickel concentrate, nickel iron sulfide, paste backfill, black mass, and commercial grade sulfuric acid for domestic supply chains. Targeted capacity is sufficient domestic nickel for approximately 500,000 EV batteries annually.
- ReClaim™ Materials Facility Materials processing facility utilizing commercial fluidized bed roasting and reduction technology to process sulfidic tailings (downstream of the Desulfurization Facility) into Green Nickel Concentrate and commercial grade sulfuric acid sold to industrial customers. Designed for mining companies and mineral refining customers.
- ReCover™ Recycling Facility Battery recycling facility using commercial grinding, mechanical shredding, screening, zig-zag sifters, milling, dedusting, and physical separation technologies to recover cobalt, nickel, and lithium from spent lithium-ion batteries and manufacturing scrap, producing black mass for lithium-ion battery and defense supply chains.
- Eagle Paste Facility Processing facility at Eagle Mine (Marquette County) utilizing commercial flotation technology to process mine wastes containing residual nickel, producing paste backfill sold back to the mining operation and nickel iron sulfide for downstream processing.
- Desulfurization Facility Front-end processing facility that drastically reduces sulfidic mine tailings and efficiently removes sulfur to return inert materials for safe backfill, addressing tailings storage facility (TSF) permitting barriers and costly storage. Feeds inert material downstream into the ReClaim™ Materials Facility for further mineral extraction.
Quantifiable outcome
- Up to 60% reduction in development CAPEX for high-sulfur mines using Revex processing vs traditional TSF approach
- +4 more outcomes
Companies that use Revex Technologies
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Revex Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Revex Technologies partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Eagle Mine LLCcoreEagle Mine, owned and operated by Lundin Mining of Canada, is the only operating primary nickel mine in the United States. Sub-recipient of DOE grant for REV Nickel Project. Strategic partner for constructing and operating three facilities in Marquette County: Eagle Paste Facility, ReClaim facility, and ReCover facility. Joint strategy to create region-wide hub for domestic critical mineral production.
- MTEC SmartZoneminorMichigan Tech Enterprise Corporation (MTEC) is one of 21 SmartZone Incubators in Michigan. Provided guidance and expertise supporting Revex's DOE grant application efforts over two years, including an initial $8.1M Department of Energy grant for Michigan Tech University for technology research.
- Perlmutter & Idea Development (P&ID)coreP&ID delivered engineering plan to optimize Revex's lithium ion battery material recycling plant with significant cost and waste reduction improvements. Developed integrated turnkey system approach with over 40 years experience in process filtration, process drying, and solids material handling. Designed full-scale facility generating battery-quality material in cost-efficient manner.
- Michigan Technological UniversitycoreMaster cooperation agreement for developing innovative manufacturing and material processing technologies. Michigan Tech brings expertise in sustainable processes for critical minerals including battery recycling and mine waste beneficiation. Supports technology development, infrastructure, student engagement, and talent development for Revex's commercial operations.
- Upper Peninsula Construction Council (UPCC)minorPartnership to ensure local labor is used during construction of REV Nickel Project facilities.
- Michigan Building & Construction Trades Council (MBCTC)minorPartnership to ensure local labor is used during construction of REV Nickel Project facilities.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Revex Technologies competitors and assessment
Company assessmentDirect peers
- Redwood Materials: Redwood is a U.S.-based battery recycling and cathode-active material producer converting end-of-life batteries into nickel, cobalt, and lithium intermediates. Directly comparable to Revex's ReCover™ black mass production flow and U.S. domestic supply chain thesis.
- American Battery Technology Company: ABTC is a domestic critical minerals and battery materials company using hydrometallurgical and pyrometallurgical processing to recover lithium, cobalt, nickel, and manganese from spent batteries and primary resources - directly comparable technology stack to Revex's fluidized bed roasting and mechanical separation.
- Cirba Solutions: Cirba operates U.S. battery recycling and materials processing facilities producing black mass and critical mineral salts. Serves the same defense/aerospace and EV battery manufacturer customer base with comparable midstream processing services.
- Li-Cycle Holdings: Li-Cycle operates a lithium-ion battery recycling network producing black mass from spent batteries, sharing Revex's ReCover™ value proposition (mechanical shredding, separation, black mass output) and competing for the same battery recycling feedstock and midstream processing economics.
Emerging players
- MP Materials: MP Materials operates the Mountain Pass rare earth mine and processing facility in California, with a similar profile of U.S. critical mineral reshoring supported by Department of Defense funding. Comparable as a policy-backed domestic midstream/separations platform targeting strategic material independence.
- Energy Fuels: Energy Fuels is a U.S.-based critical minerals and rare earth elements processor operating the White Mesa Mill in Utah. Comparable as a domestically-focused midstream processor serving defense and clean energy supply chains, though more focused on uranium, rare earths, and vanadium.
- Talon Metals: Talon Metals is developing the Tamarack nickel-copper-cobalt project in Minnesota with a focus on U.S. domestic battery-grade nickel supply. Comparable as a high-sulfur U.S. nickel asset anchor partner for midstream platforms similar to Revex's Eagle Mine partnership model.
Broad incumbents
- Sibanye-Stillwater: Sibanye-Stillwater is a major mining and metals recycling company with PGM and battery materials recycling operations in the U.S. and Europe. Comparable to Revex in operating precious metals recycling and tailings reprocessing economics at scale, but with broader portfolio and international presence.
- Umicore: Umicore is a global materials technology and recycling giant with established battery materials, precious metals refining, and recycling operations. Comparable to Revex at the secondary smelting/refining step (precious & specialty metal recovery from batteries and industrial streams) but at vastly larger scale and globally diversified footprint.
- Glencore: Glencore is a major diversified mining and commodities trading company with significant recycling and cobalt/nickel processing operations. Comparable as an integrated midstream-to-refining platform but globally scaled versus Revex's focused U.S. midstream strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Revex Technologies social profiles
Digital presenceRevex Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Revex Technologies leadership team
Management profileNumber of profiles
Profiles6 records
Revex Technologies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Revex Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Revex Technologies
What does Revex Technologies do?
Revex Technologies operates an independent midstream processing platform that converts sulfidic mine tailings and spent lithium-ion batteries into defense-eligible nickel concentrate, black mass, commercial grade sulfuric acid, paste backfill, and nickel iron sulfide. The company runs four integrated processing facilities — a Desulfurization Facility, the Eagle Paste Facility, the ReClaim™ Materials Facility, and the ReCover™ Recycling Facility — primarily under the REV Nickel Project with Eagle Mine, with first commercial operations scheduled for 2027.
Is Revex Technologies a public or private company?
Revex Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Revex Technologies founded?
Revex Technologies was founded in -1. It employs 1 to 10 people.
Where is Revex Technologies based?
Revex Technologies is headquartered in Houghton, United States, in the North America region.
How does Revex Technologies make money?
Four revenue lines are on record. Critical Mineral Intermediates Sales are the primary driver. The others are paste Backfill Production, tailings Processing Services and sulfuric Acid Sales.
Who are Revex Technologies's main competitors?
Direct peers on record are Redwood Materials, American Battery Technology Company, Cirba Solutions and Li-Cycle Holdings. Emerging players are MP Materials, Energy Fuels and Talon Metals. Broad incumbents are Sibanye-Stillwater, Umicore and Glencore.
Does Revex Technologies have an API?
No public API is recorded for Revex Technologies.
What industry is Revex Technologies in?
Revex Technologies's product category is Mineral Processing. Its primary akta.pro industry code is EUAIAIAD, Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy), with a secondary code of EUAIAJAJ, Metal Melting & Secondary Smelting/Refining (Recycled Feedstock Producers). Its NAICS code is 562920 and its SIC code is 4953.