Vulcan Elements
Vulcan Elements is a startup rare earth magnet manufacturer located in the American state of North Carolina.
History
[edit]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
[edit]In 2025 Vulcan Elements signed a supply agreement with ReElement Technologies in Indiana.[5][6]
Facilities
[edit]The company's main production facility is located in the Research Triangle Park in North Carolina.[7]
See also
[edit]References
[edit]- ^ Judson, Jen. "Vulcan Elements wins Pentagon deals as $65M round fuels expansion". defensenews.com. Defense News. Retrieved 5 September 2025.
- ^ Miao, Hannah. "Rare-Earth Magnet Maker Raises $65 Million in Push to Counter China". wsj.com. The Wall Street Journal. Retrieved 5 September 2025.
- ^ 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.
- ^ Primack, Dan; Demarest, Colin. "Vulcan raises $65 million to onshore rare-earth magnets". axios.com. Retrieved 5 September 2025.
- ^ "Vulcan Elements secures non-Chinese rare earth supply from ReElement". mining-technology.com. Mining Technology. Retrieved 5 September 2025.
- ^ "Vulcan Elements signs rare earths supply deal with ReElement Technologies". reuters.com. Reuters. Retrieved 5 September 2025.
- ^ 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.