On September 24, 2026, Solcoa Industries, a rare earth metals producer, announced $75 million in financing to build Solcoa One, its first commercial rare earth metalmaking plant. The round includes $45 million in equity led by Bain Capital Ventures, with participation from Gigascale Capital, Long Journey, Felicis, Dylan Field, and prominent leaders across defense and technology. It also includes $30 million in debt and equipment financing, anchored by J.P. Morgan. Wilson Sonsini Goodrich & Rosati advised Solcoa on the transaction.

The financing will fund construction and commissioning of Solcoa One, expanded reactor manufacturing in Alameda, and growth of the company's engineering and research teams.

The Wilson Sonsini team that advised Solcoa on the transaction includes:

Corporate
Bob O'Connor
Amy Ilowite
Angela Chan
Annie Xu
Kristy Strohm

Corporate Finance
John Mao
Joseph Catapano
Eaton Liu
Angelica Lee

For more information, please see Solcoa’s news release.