Found Industries Opens Cambridge Headquarters and Found Metals Process Development Center

Rhea-AI Summary

Found Industries, an MIT spinout focused on critical materials and energy technologies, has opened its new headquarters and Found Metals Process Development Center in Cambridge, Massachusetts. The facility is designed to scale laboratory breakthroughs into continuously operating industrial processes using real-world feedstocks.

The center will develop systems to recover gallium and other critical metals from industrial streams, supported by programs from the U.S. Department of Energy, Department of Defense and Massachusetts Clean Energy Center. Found is also collaborating with ARES Strategic Mining (OTC: ARSMF) under a memorandum of understanding to evaluate recovery of gallium, germanium and other materials from ARES-controlled feedstocks at the Lost Sheep Mine in Utah.

Positive

• Found–ARES MOU to evaluate gallium and germanium recovery from ARES-controlled Lost Sheep Mine feedstocks
• U.S. Department of Energy supporting Found’s domestic gallium work through the TRACE-Ga program

Negative

• None.

Market Context

The recorded 7.21% gain after ARSMF's prior MOU gives this facility opening a relevant company-speci...

Analysis

The recorded 7.21% gain after ARSMF's prior MOU gives this facility opening a relevant company-specific benchmark. The scanner listed no peers in momentum, while low short positioning limited squeeze-related context.

Key Figures

Announcement date: Aug. 7, 2026 MOU timing: May 2026

2 metrics

Announcement date Aug. 7, 2026 Cambridge headquarters and process development center opening

MOU timing May 2026 Found Industries and ARES Strategic Mining

Historical Context

1 past event · Latest: May 12 (Positive)

Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
May 12	Critical-materials MOU	Positive	+7.2%	MOU to evaluate recovery of gallium, germanium and other critical materials

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The available history showed a positive reaction to the prior critical-materials collaboration.

Key Terms

electrochemical process, ion-exchange preconcentration

2 terms

electrochemical process technical

"a continuous electrochemical process designed to recover gallium directly"

An electrochemical process uses electricity to drive or control a chemical change, such as charging a battery, plating metal, detecting substances with a sensor, or breaking down pollutants. Investors care because these processes determine how well products work, how much they cost to make, and how they meet safety or environmental rules; think of it like using an electric pump to rearrange parts inside a machine—efficiency and reliability affect profit and market edge.

ion-exchange preconcentration technical

"without ion-exchange preconcentration or significant modification"

A laboratory technique that uses ion-exchange materials to capture and concentrate charged particles (ions) from a dilute liquid before analysis, improving the measurable signal. Like scooping many scattered grains of sand into a jar so you can examine them more easily, it boosts sensitivity and lowers the amount of substance needed for reliable detection. The method matters to investors because it affects the performance, accuracy, and market value of analytical instruments, water treatment systems, environmental testing services, and companies that rely on trace-level chemical measurement.

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New facility will accelerate the scale-up of domestic gallium and other critical-mineral refining technologies while Found maintains a Boston presence for its energy projects

CAMBRIDGE, Mass., Aug. 7, 2026 /PRNewswire/ -- Found Industries, an MIT spinout developing technologies to strengthen domestic critical-materials and energy production, this week announced the opening of its new headquarters and Found Metals Process Development Center in Cambridge, Massachusetts.

Found Industries opens new Cambridge center to scale domestic critical-mineral refining.

The new facility expands Found's capacity to transform laboratory discoveries into industrial processes that can operate continuously using real-world feedstocks. The company's scientists, engineers and technicians will develop, build and test systems for recovering critical metals from existing industrial streams and produce qualified products for customers across the U.S. industrial base.

The opening was celebrated with a ribbon-cutting ceremony featuring U.S. Department of Energy Associate Deputy Secretary Alex Fitzsimmons; Massachusetts Lieutenant Governor Kim Driscoll; MIT President Emeritus Rafael Reif; MIT Professor Elsa Olivetti, co-director of the MIT Mineral Stewardship Consortium; Massachusetts Undersecretary of Economic Development Zenobia Moochhala; and leaders from government, MIT, industry and the Greater Boston innovation community.

"The opening of this center marks Found's transition from scientific breakthrough to industrial scale-up," said Dr. Peter Godart, founding president and CEO of Found Industries. "Gallium and other critical metals already move through industrial streams in the United States, but we have yet to extract them at scale. This is fundamentally a processing and, more importantly, a technology bottleneck. Our goal is to unlock new domestic production using the infrastructure and resources already in front of us."

Found began as Found Energy, based on research Godart initiated at NASA's Jet Propulsion Laboratory and continued during his doctoral work at MIT. The company's original technology activates aluminum so that it can react with water to generate hydrogen and heat, creating a new use for an abundant and energy-dense material.

As Found developed and scaled its energy platform, the company encountered broader vulnerabilities across the supply chains for materials used in semiconductors, defense systems, energy infrastructure and advanced manufacturing. Found Metals was established to address those vulnerabilities through new processes that recover critical metals directly from industrial feedstocks, residues and byproducts. Found Metals' process does not rely on any foreign-controlled materials or reagents, enabling a fully domestic pathway for recovering and refining critical materials from resources already present within U.S. industrial infrastructure.

Gallium is one of Found Metals' initial priorities. The material is essential to advanced semiconductors, radar, communications, data centers, space-based solar systems and power electronics, yet the United States produces virtually none of the primary gallium it consumes. Found is developing processes to recover gallium from a variety of industrial process streams, with a technology pipeline that includes indium, germanium, antimony and other critical materials.

In May 2026, Found Industries and ARES Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) announced a memorandum of understanding to evaluate the recovery of gallium, germanium and other strategic critical materials from ARES-owned or controlled feedstocks associated with the Lost Sheep Mine in Utah. The companies are evaluating opportunities to apply Found Metals' technology to feedstock assessment, process integration, piloting, scale-up and potential commercialization.

"Found Industries is a shining example of the technological innovation and growth that Massachusetts is known for," said Lieutenant Governor Driscoll. "The company's expansion in Cambridge represents exactly the type of growth we want in the Commonwealth, including advanced manufacturing, energy and critical technologies that can strengthen domestic supply chains, create good jobs and make the United States more competitive."

The Process Development Center is designed to address one of the most difficult stages in industrial technology development: moving from a successful laboratory experiment to a reliable, continuously operating system. Work at the facility will include process integration, testing with representative industrial feedstocks, equipment development, product qualification and preparation for deployment with industrial partners.

"The United States and allied countries need more than new mines," said Professor Olivetti. "We need to treat existing industrial waste streams, refining residues, scrap streams and byproducts as strategic mineral resources. Found's strategy builds critical-minerals capacity around industrial partners that already have the feedstocks, sites, utilities, logistics and operations needed to move quickly."

The U.S. Department of Energy is supporting Found's domestic gallium work through the Technology for Recovery and Advanced Critical-material Extraction-Gallium, or TRACE-Ga, program. Found was selected to advance its Direct Feedstock Extraction technology, a continuous electrochemical process designed to recover gallium directly from dilute liquors without ion-exchange preconcentration or significant modification of the underlying mineral production circuits.

Found's initial domestic gallium projects have also received support from the U.S. Department of Defense and the Massachusetts Clean Energy Center, alongside private investment. The company has received additional support through organizations including Activate, Elemental Impact and Innoventure Labs as it has progressed from scientific research to commercial development.

"Found Industries is exactly the kind of company that the country needs today," said Reif. "It is a science-based innovation company translating research into technology that addresses major national challenges in industrial manufacturing and supply chains. The semiconductor and aluminum industries need the capabilities that Found is developing."

"Found Industries is a bipartisan success story and a Department of Energy success story," said Fitzsimmons. "Critical-mineral supply chains are essential to our economic growth, national security and long-term competitiveness. Scaling technologies from the laboratory to the marketplace requires federal, state and private-sector partners working together, and we look forward to continuing our partnership with Found."

While the Cambridge facility will serve as Found Industries' headquarters and primary metals process-development hub, the company will maintain a presence in Boston supporting its energy projects. Found is advancing a broader pipeline of energy and critical-materials projects in the United States and internationally.

"This facility gives our team the tools to turn ambitious projects into functioning industrial systems," Godart said. "Greater Boston has long been a world-leading center for scientific discovery. Our opportunity now is to connect those discoveries to manufacturing and industrial deployment, making this a region that not only invents the future, but builds it."

About Found Industries

Found Industries develops technologies to restore critical-materials and energy production using abundant resources and existing industrial infrastructure. Found Energy develops systems that use activated aluminum to generate hydrogen and heat, while Found Metals develops processes to recover gallium and other critical materials from industrial streams. For more information, visit found-industries.com.

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SOURCE Found Industries

FAQ

What did Found Industries announce about its new Cambridge headquarters and metals center in August 2026?

Found Industries announced the opening of its Cambridge headquarters and Found Metals Process Development Center in August 2026. According to Found Industries, the facility will scale critical-mineral refining technologies from lab experiments to continuous industrial systems using real-world feedstocks and product qualification work.

How is ARES Strategic Mining (OTC: ARSMF) involved with Found Industries’ critical-minerals technology?

ARES Strategic Mining is working with Found Industries under a memorandum of understanding signed in May 2026. According to Found Industries, the companies are evaluating recovery of gallium, germanium and other strategic materials from ARES-owned or controlled feedstocks linked to the Lost Sheep Mine in Utah.

What is the goal of the Found Industries and ARSMF Lost Sheep Mine collaboration?

The goal is to evaluate critical-material recovery from feedstocks associated with ARES’s Lost Sheep Mine in Utah. According to Found Industries, the evaluation covers feedstock assessment, process integration, piloting, scale-up and potential commercialization using Found Metals’ refining technology.

Which critical minerals is Found Metals initially targeting with its new Cambridge Process Development Center?

Found Metals is initially targeting gallium and a pipeline including indium, germanium and antimony. According to Found Industries, its processes recover these critical materials directly from industrial feedstocks, residues and byproducts, without relying on foreign-controlled materials or reagents for refining.

How is the U.S. Department of Energy supporting Found Industries’ gallium recovery work?

The U.S. Department of Energy is supporting Found through the TRACE-Ga program for domestic gallium recovery. According to Found Industries, the company was selected to advance its Direct Feedstock Extraction process, a continuous electrochemical method for recovering gallium from dilute liquors without ion-exchange preconcentration.

Why is gallium important to U.S. industry, and how does Found Industries address this for ARSMF-related projects?

Gallium is important for advanced semiconductors, radar, communications and power electronics, yet U.S. primary production is minimal. According to Found Industries, its technologies aim to recover gallium from industrial process streams, including potential applications to ARES Strategic Mining feedstocks under their memorandum of understanding.