Alliance Magnesium

Alliance Magnesium Overview

Founded 2003
Status Private
Employees 12
Latest Deal Type Later Stage VC
Latest Deal Amount $108M
Latest Deal Amount
Investors 8

Alliance Magnesium General Information


Developer of magnesium production technology committed to commercial production of magnesium through clean-tech operations. The company through its patented technology focuses on the extraction of metal substances from serpentine rock tailings, striving to generate metal products while aiming environmental remediation.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Metals, Minerals and Mining
Other Industries
Environmental Services (B2B)
Primary Office
  • 125, Pinacle Road
  • Danville, Quebec J0A 1A0
  • Canada
+1 (819) 000-0000

Alliance Magnesium Timeline

Financing RoundCaptured Employee CountEstimated Employee Growth
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Alliance Magnesium Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Later Stage VC 13-Mar-2020 $108M 00000 Completed Generating Revenue
2. Grant 21-Aug-2018 000.00 Completed Generating Revenue
1. Grant 02-Mar-2018 $37.2M Completed Generating Revenue

Alliance Magnesium Executive Team (4)

Name Title Board Seat Contact Info
Michel Gagnon Chief Executive Officer & Chairman
Joel Fournier Ph.D Founder, President, Chief Scientific Officer & Board Member
Patsie Ducharme Chief Financial Officer

1 Former Executive

Alliance Magnesium Board Members (5)

Name Representing Role Since
Claude Delage Self Board Member 000 0000
Martin Pelletier Ph.D Alliance Magnesium Board Member 000 0000
Michel Gagnon Alliance Magnesium Chief Executive Officer & Chairman 000 0000
Nicolas Beauchamp Self Board Member 000 0000
Normand Bergeron Alliance Magnesium Board Member 000 0000

Alliance Magnesium Investors (8)

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Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Fondaction Venture Capital Minority 000 0000 000000 0
Government of Quebec Government Minority 000 0000 000000 0
Marubeni Holding Company Minority 000 0000 000000 0
Transition énergétique Québec Corporation Minority 000 0000 000000 0
Canada Economic Development for Quebec Regions Government 000 0000 000000 0

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