Australian magnetic mineral separation technology company DryFlow Magnetics will look to raise at least a further A$100 million of capital in 2027 as it seeks to scale its novel waterless tech across North America and Australia-Asia.
Speaking at an Australia–Korea Business Council meeting this week, DryFlow CEO and co-founder Brett Boynton said the 2024 start-up was forging relationships with a number of metals, mining, trading, government and other groups as part of its ambitious plans to become enmeshed in new and emerging manufacturing value chains at the same time as it demonstrated and scaled its technology.
