Munich-based Hades Mining Secures €5.5 Million Funding In Pre-seed Round

The round was led by Project A, with support from Visionaries Tomorrow, Founders Factory, and strategic angels from aerospace, energy, and advanced manufacturing, including Florian Seibel, Roman Hölzl, Daniel Wiegand, Moritz von der Linden, Hélène Huby, Dr. Nicolas Burkardt, and the Viessmann Generations Group.

Founded in 2025 by Dr. Max Werner, Björn Dressler, and Dan Gengenbach, Hades Mining aims to revolutionize Europe’s access to underground resources. The company is developing a new generation of drilling and subsurface systems capable of reaching previously inaccessible depths with precision and sustainability.

“Europe can’t lead the energy transition while depending on others for the building blocks of modern life,” said Dr Max Werner, Founder and CEO of Hades Mining. “We’re working hard to bring the entire process under one roof – from licence to production – combining the speed and precision of a tech company with the responsibility and staying power of a resource owner. Our goal is to help build a new standard for accessing minerals and energy at depth, and to do it in a way that’s transparent, sustainable, and future-focused.”

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Europe relies on external sources for over 90% of its critical minerals and more than half of its energy, driving initiatives like the EU Critical Mineral Act and Germany’s geothermal push. Hades Mining addresses this gap with technology that accesses extreme depths unreachable by conventional methods.

Using proprietary in-situ recovery (ISR) systems, the company targets deep geothermal reservoirs and mineral formations through fluid circulation, avoiding open-pit mining. This approach delivers stable baseload heat and high-value minerals while reducing environmental impact.

“Access to energy and critical minerals is essential for any nation to remain independent, secure, and productive – and to give itself the greatest chance of democratic stability,” said Jack Wang, Partner at Project A, continuing with: “Hades is working to ensure Europe can depend on these resources for the long term. It’s a decisive step towards the resilience our continent needs. Energy is the next sovereign frontier.”

“Hades is advancing the frontier with a breakthrough system built for unprecedented speed, scale, and precision,” added Thong Le Hoang, Partner at Visionaries Tomorrow. “By taking a systems-level approach to target the industry’s true bottlenecks, not just isolated lab results, the team turns deep tech into a strategic asset, unlocking one of the most consequential economic and impact opportunities of our time.”

Hades Mining’s vertically integrated approach covers the entire lifecycle—from licensing and drilling to production—ensuring insights directly improve its technology and operations. This model accelerates project timelines, lowers costs, and upholds transparency and sustainability.

The pre-seed funding will advance Hades’ technologies and ready its initial sites for geothermal and mineral extraction, targeting European demand in sectors such as electric vehicles, renewable energy, semiconductors, and district heating, positioning the company as a key driver of Europe’s energy independence and industrial resilience.

About Hades Mining

Hades Mining is a tech-first, modern mining company focused on sustainability and responsibility. Our innovative systems are built for long-term impact, enabling resource extraction that is efficient, environmentally conscious and supports energy and mineral independence, shaping a new future for the mining industry.