TechMet Ltd has launched TechMet USA, a dedicated domestic critical minerals platform that brings Xerion Advanced Battery Corp together with EnergySource Minerals, U.S. Vanadium, and Momentum Technologies
August 10, 2026 – Washington D.C., U.S.– TechMet Limited today announces the launch of TechMetUSA, a dedicated domestic critical minerals platform that is uniquely positioned to meetaccelerating demand for the critical minerals that underpin America's economic competitiveness,industrial resilience, and national security.TechMet USA consolidates TechMet Ltd’s U.S. portfolio of four producing and late-stagedevelopment assets: EnergySource Minerals, U.S. Vanadium, Momentum Technologies, and XerionAdvanced Battery Corp. Together, they are advancing the extraction, production, processing, andrecycling of critical minerals and rare earth elements, as well as core technologies for cathodemanufacturing, to power America's future. Backed by TechMet Ltd., TechMet USA is strategicallyaligned with U.S. critical minerals priorities and combines TechMet’s global operating expertise,technical capabilities, and industry network with a singular focus on scaling critical mineralscapacity in the United States. TechMet Ltd.’s major shareholders include the U.S. InternationalDevelopment Finance Corporation (DFC), and several TechMet USA assets have received fundingsupport from U.S. Government agencies. Across its portfolio, TechMet USA has establishedcommercial relationships with major OEMs, commodity traders, strategic national security projects,national labs, and other stakeholders securing reliable supplies of critical materials and supplychains.The Board has appointed Erik Ripple as CEO of TechMet USA to lead the platform’s new phase ofgrowth. Erik Ripple brings significant experience across advanced materials and global industrialcompanies having served as CEO of NatureWorks LLC, a leading biopolymers company, and heldsenior leadership roles at Nexeon Ltd., a UK-based advanced battery materials company, as well asIngevity Corporation and Eastman Chemical Company.Brian Menell, Chairman and CEO of TechMet Ltd and Chairman of TechMet USA, said: “We aredelighted to welcome Erik as CEO and look forward to working with him as he leads TechMet USA ata pivotal moment for critical minerals supply chains and the economic, industrial, and nationalsecurity benefits they enable for the United States.
TechMet USA will help ensure the materials underpinning the next generation of technologicalinnovation for advanced manufacturing, defense, AI, and energy industries are produced throughsecure and resilient supply chains that create American jobs, attract private capital, and enhanceU.S. economic competitiveness.”Erik Ripple, Chief Executive Officer of TechMet USA, said: “TechMet USA brings together a highquality portfolio of U.S. critical minerals assets that are well positioned to strengthen America’scritical minerals supply chains against physical, cyber, and economic subversion. My focus will beon advancing these assets, building strategic and commercial partnerships, and acceleratinggrowth to ensure American industry has secure, resilient, and Western-aligned supply chains."
