Company
Mining innovator whose MR sensing platform helps copper miners reject waste rock and cut energy, water and chemical use
Every investor coverage indicates participated in a round NextOre raised.
Investors whose own portfolio pages list NextOre, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| RFC Ambrian Funds Manage | its portfolio page ↗ |
The transaction that ended NextOre's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| MagnaTerra Technologies | Merger | 4 Jul 2025 | - | Startup Daily, SmartCompany |
Companies NextOre acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Chris Beal | CEO | RFC Ambrian Funds Manage portfolio |
Stories naming NextOre. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of four Australian raises: MagnaTerra formed from a CSIRO merger, Mobile Tyre Shop backed by Sailun, Coinstash's Series A, and MogoPlus funded by New Model Venture Capital.
Also Startup Daily·Australian FinTech·Startup Daily·SmartCompany
RFC Ambrian recounts forming MRead with CSIRO to adapt magnetic resonance sensing for explosive and drug detection, including a seed round completed in late 2022-early 2023 with strategic investment from Codan's Minelab division.
A weekly roundup covering a uranium enrichment placement, a mining analyser dispatch, a VTOL drone unveiling, hydrogen strategy commentary, and Victorian manufacturing grants opening.
RFC Ambrian reports NextOre's magnetic resonance ore sorting system is fully commissioned at First Quantum's Kansanshi mine, now the world's highest capacity plant, and recalls portfolio company Chrysos Corporation's recent ASX listing.