PXR has advised Hades Mining on its successful €15 million Seed financing round.

The round was co-led by HV Capital and Headline, with participation from existing investors including Project A and Visionaries Tomorrow. The financing follows a €5.5 million Pre-Seed round completed less than six months ago and reflects the company’s rapid technical and commercial progress.

Hades Mining is developing a technology-driven extraction platform. Its core innovation is a proprietary laser drilling system designed to significantly reduce drilling costs and increase efficiency in in-situ recovery (ISR) mining and geothermal energy. By improving drilling economics — the primary cost driver in both sectors — the company aims to unlock scalable solutions for Europe’s energy transition and domestic critical raw materials production.

The new capital will be used to expand the Munich-based team and accelerate engineering, operational deployment and commercialization.

PXR advised on all material legal aspects of the transaction. The PXR team was led by Daniel Grisar, together with Michelle Karrer.