Circular Manufacturing Platform | Battery-Grade Graphite + Strategic Materials
Every city on earth has a feedstock problem. Carbotura has a feedstock supply chain. What municipalities pay to eliminate becomes battery-grade graphite and critical strategic materials on every major government's priority list — under a $481M, 30-year take-or-pay contract with an AA-rated Pennsylvania government entity. Free inputs. Contracted output. Infrastructure scale.
Advanced Circular Manufacturing (ACM)
Converts manufacturing feedstock into high-value materials with near-zero waste.
Four Proprietary Protocols
Exogenesis, Pregenesis, Regenesis, and Regenesis MAX drive molecular transformation.
Strategic Materials Output
Manufactures synthetic graphite, rare earth elements, hydrogen, metals, and specialty carbons.
30-Year Circular Offtake Agreements
Long-term partnerships secured by a competitive TMC Fee and Circular Royaltyâ„¢.
Seven-Stream Revenue Stack
Diversified revenue streams transform cost centers into manufacturing partnerships.
This isn't a tech bet. It's infrastructure — with free feedstock, contracted revenue, and a critical minerals output the world is actively competing to secure.
Key Investment Metrics
Total Contracted Revenue
30-year take-or-pay, AA-rated counterparty
Equity Payback Period
At 50% materials discount (in years)
Annual Revenue per Facility
At full capacity (400 TPD)
Gross Margin
Infrastructure-grade unit economics
Proven Reserve Value
4.38M tons feedstock (NI 43-101 methodology)
Free feedstock. Government-contracted revenue. Critical materials the world is actively competing to secure. The input risk other infrastructure deals carry simply doesn't exist here.
Site 1: Pennsylvania (Executed)
Counterparty: PA Government Entity
Guaranteed Revenue: $10.95M Year 1 (2.5% annual escalation)
Feedstock: 400 TPD MSW (30-year guarantee)
Status: Permitting in process
Construction Ready: Q3 2026
Debt Structure:
- 70-80% project debt (1.5x+ DSCR) on guaranteed revenue
- Senior debt covers full service (ex-materials)
- Materials revenue to equity (asymmetric upside)
Revenue Projection Timeline
Per 400 TPD Facility - Years 1-5
Guaranteed Baseline
TMC Fees grow 2.5% annually
Materials Production
Ramps from 0% to 100% over 4 years
Environmental Credits
Added upside not modeled in base case
Revenue Streams: Diversified Infrastructure Returns
Annual Revenue at Full Capacity - $185M Base Case ($275M with Environmental Credits)
Guaranteed TMC Fees - $11M/year (Year 1)
Paid by government entity under take-or-pay with 2.5% annual escalation, this revenue is received even if the facility is down due to investment-grade credit support.
Graphite & Carbon Products - $120M/year
Production of battery-grade graphite for the EV supply chain and activated carbon for industrial filtration, addressing critical domestic supply needs and priced at a 50% market discount in the model.
Hydrogen & Industrial Gases - $35M/year
Revenue from green hydrogen production and industrial gas offtake, representing high-margin commodity revenue.
Metals, Glass, Water - $20M/year
Recovery of aluminum, copper, and ferrous metals, glass aggregates, and process water recycling.
Environmental Credits - $10-90M/year (Equity Upside)
Upside from 45Q carbon capture credits, 45V hydrogen production credits, and RINs (Renewable Identification Numbers), all 100% equity upside as not included in debt underwriting.
Convertible Note Terms
Structure
- Raise: $15M (expandable based on demand)
- Maturity: 24 months
- Interest: 8% PIK (paid in kind)
- Minimum: $100K for accredited investors
Series A Target
Q3 2026, $75M-100M raise at independently validated valuation
Conversion Protection (Best of Three)
Investors receive whichever conversion mechanism produces the highest return.
- 20% discount to Series A price
- $500M valuation cap
- Independent 3rd-party valuation × 0.80
Implied Total Discount: 36-37% including accrued interest
Milestone Protections:
- Environmental permits not secured in 12 months → discount increases to 25%
- Construction not commenced in 18 months → discount increases to 30%
Leadership: Proven Execution
Allen Witters, Chairman & CEO
- 5 exits, including 3 public companies
- Business & Technical Architect of NMCI, the U.S. Navy's $11B enterprise infrastructure program
- Pioneer in microwave catalytic reformation technology
- 35+ years in tech innovation and growth-stage execution
Executive Team:
- John Arciero, CDO (Chief Development Officer)
- Tyler Wood, VP Circularity
- Tom Pitlanish, COO
- Paul Camp, EVP Capital Markets
- Shannon Law, EVP Investor Relations
- Keith Symons, EVP Finance
Senior Advisors:
- Steven Thomas, Senior Advisor (Regulatory Affairs)
- Pär "Pelle" Malmhagen, Senior Global Advisor (Former President, Tower International — $2B global manufacturing operations)
- Jonas Wastberg, Senior AMEA Advisor (AMEA region expansion)
Next Steps
Allocation sizing is active. Contact us to join the data room and review the full financial model under NDA.
Full NDA-protected financial model
Technical diligence materials
Site visit coordination (Pennsylvania facility)
Allocation sizing and timing
Series A co-investment pathway
Contacts
Shannon Law, EVP Investor Relations
sl@carbotura.com
Paul Camp, EVP Capital Markets
pc@carbotura.com
Keith Symons, EVP Finance
ks@carbotura.com
This communication is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any securities. Any such offer or solicitation will be made only by means of a definitive Confidential Private Placement Memorandum and Subscription Agreement, and in accordance with applicable securities laws.
Carbotura