DISA Technologies raises $30mn Series A2 to scale uranium remediation and mineral recovery solutions

DISA Technologies Inc., a Wyoming-based company specializing in uranium remediation and mineral processing, has raised $30 million in an oversubscribed Series A2 round to scale its patented High-Pressure Slurry Ablation (HPSA) platform. The round was led by Evok Innovations and Constellation Technology Ventures (CTV), the venture arm of Constellation Energy (NASDAQ: CEG), the nation’s largest carbon-free energy producer. Valor Equity Partners, Veriten, and Halliburton Labs also participated.

The raise includes $23 million in primary capital and an additional $7 million in secondary funding to accommodate investor demand and early liquidity. The funding is expected to accelerate commercialization of DISA’s dual-use technology that addresses both critical mineral extraction and legacy uranium waste remediation.

What Is DISA Technologies’ HPSA Technology and Why Does It Matter?

At the center of DISA’s innovation strategy is its proprietary High-Pressure Slurry Ablation (HPSA) system. The technology is designed to improve mineral liberation by applying a mechanical process that reduces chemical usage, boosts processing speed, and enhances recoveries. While traditional mineral processing methods often rely heavily on reagents and generate substantial waste, HPSA presents a cleaner, faster, and more modular alternative.

DISA’s technology is being commercialized for two main applications. First, it offers value to mining operators by improving grades and recoveries of critical minerals like uranium, vanadium, and rare earth elements. Second, it provides an effective and scalable method for cleaning up Abandoned Uranium Mine (AUM) sites across the U.S., many of which remain contaminated decades after closure.

How Is DISA Positioned Within the U.S. Energy and Mining Transition?

DISA’s funding round comes at a time when federal policy and energy markets are aligned in emphasizing domestic critical mineral security and environmental cleanup. The Inflation Reduction Act, Department of Energy supply chain reports, and EPA uranium remediation priorities have elevated the need for companies that can address both supply-side and legacy-side challenges in the mineral ecosystem.

Through its partnership with the Navajo Nation Environmental Protection Agency, DISA is advancing a Phase 2 commercial-scale uranium remediation project following a successful EPA Treatability Study in 2023. In April 2025, the company’s application for a Nuclear Regulatory Commission (NRC) Service Providers License was accepted for technical review. A decision is expected by September. If approved, DISA would be the first NRC-licensed private firm focused specifically on abandoned uranium mine remediation in the U.S.

This regulatory milestone is critical. It positions DISA as the frontrunner in a market where more than 500 AUM sites—mostly in tribal and western lands—pose significant environmental, legal, and political liabilities.

Why Are Strategic Investors Backing DISA Technologies?

The Series A2 round attracted a syndicate with deep cleantech, energy, and infrastructure credentials. Constellation Energy’s investment, through its venture arm CTV, reflects a strategic commitment to securing domestic uranium fuel sources. According to Bryan Hanson, Chief Generation Officer at Constellation, DISA’s work directly supports national energy resilience and aligns with the utility’s broader clean energy agenda.

Evok Innovations, a returning investor, brings a portfolio focused on industrial decarbonization and clean resource innovation. Its ongoing support reflects confidence in DISA’s execution capabilities and market relevance. Valor Equity Partners, best known for early bets on Tesla and SpaceX, adds operational depth to help DISA scale effectively. Operating Partner David Heskett praised DISA’s leadership and potential to redefine mineral and remediation standards.

Veriten, founded by former energy banker Maynard Holt, adds cross-sector insight and capital markets access. Halliburton Labs, an early accelerator partner, continues to provide commercialization resources and reaffirmed its backing through this round. Managing Director Andres Cabada noted that DISA’s innovation delivers tangible value to both mine operators and environmental stakeholders.

How Will the $30 Million Be Deployed?

Proceeds from the funding round will be used to advance three parallel tracks. The first is the commercial deployment of modular HPSA units to mining operators, enabling on-site mineral processing enhancements. These units are designed to integrate with existing operations, improving output quality and reducing waste.

The second major use of funds is the uranium remediation program. Pending NRC licensure, DISA plans to begin field operations at priority AUM locations, including sites on Navajo land. The company aims to recover uranium and vanadium from legacy waste streams while reducing public health risks and long-term federal liabilities.

The third deployment priority is organizational scaling. DISA will grow its Casper-based engineering and operations team, add regulatory compliance capacity, and expand physical infrastructure to support both mining and remediation business lines.

CEO Greyson Buckingham emphasized that the company is not just targeting profitability but also pursuing national impact. He described DISA’s mission as converting toxic waste into strategic mineral supply—a model that strengthens both the energy transition and environmental justice.

Why Is Uranium Remediation a Strategic National Priority?

Uranium remediation is gaining renewed urgency due to its intersection with environmental justice, energy security, and tribal rights. Most AUM sites in the U.S. were never cleaned up after the Cold War-era mining boom, leaving tribal communities exposed to radioactive contamination. Federal agencies estimate that total cleanup costs could exceed $7 billion, with the Navajo Nation alone accounting for hundreds of unresolved cases.

DISA’s technology offers a dual solution: it not only neutralizes environmental threats but also recovers valuable uranium and vanadium. This converts long-term liabilities into usable fuel streams, strengthening the U.S. nuclear industry’s supply chain while improving conditions in historically neglected communities.

Constellation’s involvement is particularly notable, as it marks a rare instance of a utility player making a direct bet on uranium remediation infrastructure. The utility’s investment reinforces a strategic alignment between remediation and national fuel security goals.

What Are Industry Analysts Watching for Next?

While DISA remains privately held, its strategic investor base and policy-aligned business model have attracted analyst attention. Early commentary from cleantech and mining observers points to DISA as a potential crossover player—bridging the gap between legacy industrial cleanup and modern resource extraction.

Analysts see the NRC’s pending licensing decision as a near-term inflection point. If granted, it could unlock government contracts, EPA partnerships, and large-scale commercial deployments. Several market watchers expect DISA to participate in future federal procurement efforts tied to the Bipartisan Infrastructure Law or DOE environmental remediation programs.

Institutional sentiment has also been buoyed by DISA’s successful navigation of early EPA partnerships and its ability to secure meaningful support from utility, venture, and infrastructure investors. Observers expect that if the company executes on its 2025 milestones, it may seek a Series B round in 2026 or even explore dual-track IPO options.

Could DISA Expand Beyond Uranium and Vanadium?

DISA’s HPSA system is modular and adaptable to a wide range of minerals. While the current focus remains on uranium and vanadium—due to their national strategic value and existing remediation market—future extensions could include cobalt, nickel, and rare earth elements. As the U.S. continues to onshore battery supply chains and diversify clean energy technologies, DISA may evolve into a broader mineral recovery platform.

Its mobile HPSA units are already being engineered for portability and rapid field deployment. If validated across multiple ore types and geographies, DISA could enter adjacent markets in modular mineral processing and contaminated site redevelopment. This positions the company as a platform provider with upside in both resource innovation and environmental services.