AE Fuels

Name

AE Fuels

Legal name

AE Fuels Corporation

Website

https://aefuels.com

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Battery Materials / Critical Minerals

akta.pro primary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Battery & Energy Storage High-Purity Chemicals (Electrolyte salts/solvents, additives) (IMAEAKAM), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ)

Keywords

• Battery-grade manganese sulfate
• Critical minerals extraction
• High-purity HPMSM production
• Manganese mining projects
• Fluorspar mining operations

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Battery Materials Sales: AE Fuels is a pre-revenue exploration-stage company planning to generate revenue from the mining and sale of battery-grade manganese sulfate monohydrate (MnSO4·H2O) and fluorspar (calcium fluoride) to battery manufacturers, EV supply chain companies, and industrial consumers.
2. Critical Minerals Supply Chain: Revenue derived from producing and supplying high-purity critical minerals (manganese, fluorspar) targeting the North American battery materials market, with a focus on reducing US import dependence for battery-grade manganese.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

AE Fuels Corporation is a critical minerals company that extracts and purifies battery-grade manganese and fluorspar for the electrification and energy storage supply chains. Its primary product is High-Purity Manganese Sulphate Monohydrate (HPMSM), a critical precursor for lithium-ion battery cathodes, produced from the South Woodie Woodie Manganese Project in Western Australia using CSIRO-co-developed solvent extraction hydrometallurgical processing. The company also develops the Fluorite Ridge Fluorspar Project in New Mexico and offers optionality for downstream manganese products including Electrolytic Manganese Metal (EMM) and Electrolytic Manganese Dioxide (EMD).

Product overview

AE Fuels Corporation operates as a critical minerals company with a multi-asset portfolio comprising two core projects: the South Woodie Woodie Manganese Project in Western Australia and the Fluorite Ridge Fluorspar Project in New Mexico. The company is advancing an integrated development pathway from extraction through to downstream processing, producing High-Purity Manganese Sulphate Monohydrate (HPMSM) as its primary battery-grade product, while maintaining optionality for Electrolytic Manganese Metal (EMM) and Electrolytic Manganese Dioxide (EMD) as potential downstream product pathways. The South Woodie Woodie Project targets North American EV and energy storage markets, while the Fluorite Ridge Project aims to supply hydrofluoric acid and fluorochemical markets for semiconductor, battery, nuclear, and defense applications.

Differentiator

Problem solved

Functional benefit

Products and services

• High-Purity Manganese Sulphate Monohydrate (HPMSM) Battery-grade manganese product produced from the South Woodie Woodie Manganese Project through CSIRO-co-developed hydrometallurgical processing. HPMSM is a critical precursor material used in lithium-ion battery cathodes (NMC and LFP chemistries) for electric vehicles and energy storage systems.
• Fluorspar (Calcium Fluoride, CaF2) Fluorspar product from the Fluorite Ridge Manganese-Fluorite Project in Luna County, New Mexico, comprising 81 lode mining claims over approximately 1,673 acres with multiple prospects and at least eight previously producing mines. Historic production grades reported up to 92% CaF2. Used in aluminum smelting, steel production, hydrofluoric acid (HF) production, and fluorochemical applications serving semiconductor, battery, nuclear, and defense supply chains.
• Electrolytic Manganese Metal (EMM) Downstream product pathway option from the South Woodie Woodie Manganese Project. EMM is produced through electrowinning from purified manganese sulphate solution and is used in specialty steel production, aluminum alloys, and battery applications.
• Electrolytic Manganese Dioxide (EMD) Alternative downstream product pathway option from the South Woodie Woodie Manganese Project. EMD is used as a cathode material in zinc-carbon and alkaline batteries, and increasingly in lithium-ion battery chemistries for enhanced performance.

Quantifiable outcome

• 95–99% manganese recovery rate into solution
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• CSIRO (Commonwealth Scientific and Industrial Research Organisation)coreStrategic or Co-development Partner · 1 April 2025AE Fuels entered into a Stage 3 research agreement with CSIRO, Australia's national science agency, to advance the flowsheet development and engineering design for the Woodie Woodie North Manganese Project. The agreement builds on prior CSIRO work including Stage 1 scoping and Stage 2 metallurgical testwork, aiming to produce battery-grade manganese sulfate monohydrate (MnSO4·H2O) using CSIRO's proprietary solvent extraction process achieving 95–99% manganese recovery.
• Trek Metals LimitedminorStrategic or Co-development PartnerAE Fuels entered into an option agreement with Trek Metals Limited, a mineral exploration company, related to the divestment or farm-down of project interests. The transaction involved the issuance of shares to Trek Metals as part of the arrangement, with the deal completed in December 2025 following TSXV and regulatory approvals.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Manganese X Energy Corp. CSE-listed developer of high-purity manganese products from its Battery Hill project in New Brunswick, Canada. Comparable as a pre-revenue North American HPMSM/EMM developer targeting lithium-ion battery and alkaline battery markets.
• Element 25 Limited: ASX-listed developer of battery-grade high-purity manganese sulphate monohydrate (HPMSM) from its Butcherbird project in Western Australia. Directly comparable to AE Fuels as an Australian-focused pre-production HPMSM developer targeting lithium-ion battery cathode precursor markets.
• Electric Metals (USA) Limited: TSX-V-listed US-focused high-purity manganese developer, previously founded and led by AE Fuels CEO Gary Lewis. Directly comparable as a North America-focused HPMSM development-stage company targeting the US battery supply chain.
• Euro Manganese Inc. TSX-V-listed developer of high-purity manganese products from the Chvaletice tailings project in the Czech Republic. Comparable as a pre-revenue HPMSM developer targeting the European EV battery supply chain, with similar project-development-stage economics.

Others

• Trek Metals Limited: ASX-listed mineral explorer and the original vendor of the South Woodie Woodie Manganese Project to AE Fuels; Trek Metals holds ~19.31% of AE Fuels. Comparable as a Pilbara-focused base and precious metals explorer overlapping with AE Fuels' manganese district of interest.

Broad incumbents

• OM Holdings Limited: SGX-listed manganese and ferrosilicon producer with mining and smelting operations in Malaysia and South Africa. Comparable as an established incumbent in manganese ore and alloy production supplying steel and specialty metals markets globally.
• South32 Limited: ASX-listed global mining house producing manganese ore and alloys through its Australia Manganese and GEMCO operations. Serves as the largest established producer of seaborne manganese units, providing direct benchmarking for AE Fuels' HPMSM economics and global manganese pricing.
• Albemarle Corporation: NYSE-listed global specialty chemicals leader and the world's largest lithium producer, with a broader portfolio spanning bromine and catalysts. Comparable as a large-scale battery-materials incumbent into whose specialty-chemicals franchise AE Fuels' HPMSM would feed; Tyson Hall from AE Fuels' advisory board led Albemarle's lithium franchise.
• Eramet: French-listed global mining and metallurgy group with significant manganese operations in Gabon (COMILOG) producing manganese ore and alloys. Comparable as a large-scale incumbent producer of manganese chemicals and alloys supplying steel and battery markets.

Emerging players

• Cobalt Blue Holdings Limited: ASX-listed critical minerals developer focused on cobalt and battery materials processing. Comparable as an emerging Australian-listed developer pursuing a hydromet processing pathway into battery-grade materials; Joe Kaderavek, AE Fuels' Commercial Advisory Board Chair, was its former CEO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/aefuelscorp
• LinkedInlinkedin.com/company/advanced-energy-fuels-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AE Fuels