# Torngat Metals funding: rounds and investors

> Torngat Metals has raised $43M across 2 rounds since 2025. Investors include Export Development Canada and Natural Resources Canada.

Source: https://millionrounds.com/company/torngat-metals (Millionrounds; every figure on the page links to its filing or article)

Canada · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Torngat Metals*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech

Raised 7 months ago

Funding summary Updated 26 Oct 2026

**$43M** raised across 2 rounds since 2025, from 2 sources

**$11M** Venture **$32M** Venture

- **Latest round:** Venture, $32M Apr 2026
- **Step-up i:** 3×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$11M** Venture

**$32M** Venture

- **First round:** Venture, $11M
- **Biggest round:** $32M
- **Between rounds:** 6 months

## The rounds

- **Apr 2026** Venture **$32M** *2 returning* [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Natural Resources Canada](https://millionrounds.com/fund/natural-resources) Source recorded SEC filing: $11M sold
- **Oct 2025** Venture **$11M** *2 new* [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Natural Resources Canada](https://millionrounds.com/fund/natural-resources) Source recorded SEC filing: $11M sold, first sale Sept 2025

## Founders and team

From Torngat Metals's own website: 8 on the team.

- **Michael McCann** Chief Executive Officer
- **Mauro Ferrara** Vice President, Finance
- **Alain Wilson** Chief Financial Officer
- **Christine Burow** Chief Marketing Officer
- **Mélanie Daunais** Chief Human Resources Officer
- **Olga Kovalik** Chief Operating Officer
- **Daniel Dumas** Director
- **Maryse Bélanger** Chair of the Board of Directors

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2025 **Venture** 2026 [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Natural Resources Canada](https://millionrounds.com/fund/natural-resources)

## Everyone who backed them

[Export Development Canada](https://millionrounds.com/fund/export-development-canada) Government **2** rounds

[Natural Resources Canada](https://millionrounds.com/fund/natural-resources) Government **2** rounds

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=torngat-metals).

## Quick answers about Torngat Metals

### Who invested in Torngat Metals?

Torngat Metals's investors include Export Development Canada and Natural Resources Canada.

### How much has Torngat Metals raised?

Torngat Metals has raised $43M across 2 rounds since 2025.

### When did Torngat Metals last raise?

Torngat Metals's most recent round was a Venture of $32M in Apr 2026.

### What was Torngat Metals's biggest round?

Its most recent round, $32M in Apr 2026, is also its largest on record.

### Who backed Torngat Metals first?

Torngat Metals's first round on record, in Oct 2025, was backed by Export Development Canada and Natural Resources Canada.

### What stage is Torngat Metals at?

Torngat Metals's latest named round is a Venture, in Apr 2026.

### Where is Torngat Metals based?

Torngat Metals is based in Canada.

## Companies like Torngat Metals

In the same sector, and raised in the last eighteen months.

[**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Cyclic Materials** $150M · Aug 2026](https://millionrounds.com/company/cyclic-materials)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**Nunavut Nunkiksautiit Corporation** $10M · Jun 2026](https://millionrounds.com/company/nunavut-nunkiksautiit-corporation)[**BrandPilot** $549K · May 2026](https://millionrounds.com/company/brandpilot)

## Find investors like these

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