Vulcan Elements

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Vulcan Elements is a startup rare earth magnet manufacturer located in the American state of North Carolina.

Contents

History

Vulcan Elements was founded in 2023 by John Maslin, formerly of the United States Navy, with the intention of competing with rare earth magnet manufacturers based in China. [1]

In 2025 the company raised $65 million at a $250 million total valuation. [2] [3] It had also secured orders from the US military. [4]

Supply chain

In 2025 Vulcan Elements signed a supply agreement with ReElement Technologies in Indiana. [5] [6]

Facilities

The company's main production facility is located in the Research Triangle Park in North Carolina. [7]

See also

References

  1. ↑ Judson, Jen. "Vulcan Elements wins Pentagon deals as $65M round fuels expansion". defensenews.com. Defense News. Retrieved 5 September 2025.
  2. ↑ Miao, Hannah. "Rare-Earth Magnet Maker Raises $65 Million in Push to Counter China". wsj.com. The Wall Street Journal. Retrieved 5 September 2025.
  3. ↑ Gordon, Brian. "Triangle firm raises $65 million to combat China's control of rare earth magnets". newsobserver.com. The News and Observer. Retrieved 5 September 2025.
  4. ↑ Primack, Dan; Demarest, Colin. "Vulcan raises $65 million to onshore rare-earth magnets". axios.com. Retrieved 5 September 2025.
  5. ↑ "Vulcan Elements secures non-Chinese rare earth supply from ReElement". mining-technology.com. Mining Technology. Retrieved 5 September 2025.
  6. ↑ "Vulcan Elements signs rare earths supply deal with ReElement Technologies". reuters.com. Reuters. Retrieved 5 September 2025.
  7. ↑ Gordon, Brian. "Triangle startup says it has an answer to America's rare earth magnet problem". newsobserver.com. The News and Observer. Retrieved 5 September 2025.
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