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Vulcan Elements Announces $1.4 Billion Partnership with the United States Government and Selects Benson, North Carolina, for the Largest Magnet Facility in the World Outside China
Trump administration puts $750M toward rare-earth magnets production
The Hill
November 3, 2025
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North Carolina startup Vulcan gets $1 billion for new rare-earth magnets factory
AXIOS
November 3, 2025
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Rare-Earth Magnet Startups Seal $1.4 Billion Deal With Trump Administration
The Wall Street Journal
November 3, 2025
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Department of Commerce Announces CHIPS Incentives Letter of Intent with Vulcan Elements to Support Domestic Manufacturing of Critical Rare Earth Magnets
NIST
November 3, 2025
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