Latest Vulcan Elements News & Updates

See the latest news and media coverage for Vulcan Elements. We track all announcements, press releases, and industry mentions in real time, all in one place.

Vulcan Elements

Manufacturer of rare earth magnets

vulcanelements.com

Founded year: 2023
Company type: Private company
Number of employees: 89–200
Industry: Non-Gold Precious Metals & Minerals

Last updated October 20

Latest news about Vulcan Elements

In short: Vulcan Elements raised $430M, won Pentagon backing and advanced its $1B Benson magnet plant.

Company announcements

October 20 Vulcan Elements

Vulcan Elements partners with North Carolina Collaboratory on magnet research

The collaboration leverages UNC-Chapel Hill's quantum-mechanical simulations to enhance high-performance rare earth magnets for defense and commercial applications.

October 15 Vulcan Elements

Vulcan Elements wins ARPA-E contract for next-gen magnets

CTO Dr. Piotr Kulik leads multi-year research to develop novel magnetic materials potentially more powerful than rare earth magnets, collaborating with UCF and Oak Ridge National Laboratory.

November 18, 2025 Vulcan Elements

Vulcan Elements selects Benson for $1B magnet facility

The new plant will create 1,000 jobs and support US government partnership goals. This onshoring strengthens national security and domestic supply chains.

November 3, 2025 Vulcan Elements

Vulcan Elements announces $1.4 billion partnership to expand domestic magnet supply chain

The company partners with the U.S. government and ReElement Technologies to finance a 10,000 metric tonne facility in Research Triangle Park.

Media coverage

September 23 Janes

US Army's Skyfoundry sUAS initiative selects magnet supplier for motors

The US Army selected Vulcan Elements, a US-based rare earth magnet manufacturer, to provide Neodymium Iron Boron magnets for the service's SkyFoundry small...

August 12 Law360

Lawmakers Probe Rare Earths Co. Over $620M DOD Loan - Law360

Democratic lawmakers have asked the CEO of Vulcan Elements to address reports that a senior White House adviser pressed defense officials to loan the rare...

May 28 NPR

White House asked Pentagon to loan money to a company linked to Trump's oldest son

A ProPublica investigation by Robert Faturechi says White House adviser Peter Navarro asked the Pentagon to approve a loan to a rare-earth magnet company in...

April 6 American City Business Journals

Vulcan Elements, planning 1,000-job NC factory, raises $430 million

Vulcan Elements is pushing to make Johnston County a hub for rare-earth magnets with big support from the Trump administration.

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