Leveraging its innovative spiral arrangement of neodymium magnets in a rotating drum, Durr Systems has refined its EcoMagno magnetic separator to suit the needs for process fluid cleaning in a broader range of industries. Already […]
Developments in magnets and magnetic materials are prominent in $17 million of awards by the U.S. Department of Energy to boost domestic production and resources of critical materials. The new funding from the DOE’s Advanced […]
Ionic Technologies, a Northern Ireland-based subsidiary of Australian minerals company Ionic Rare Earths, has secured significant new grant funding from the British government that support developing collaborative rare earth element supply chains within the UK. Two grants have been awarded under Innovate UK’s Climates program involving Ionic and several program partners — Vacuumschmelze, Less Common Metals, the Materials Processing Institute and Swansea University.
Neo Performance Materials Inc. recently announced it has entered into a loan agreement with Export Development Canada for a term loan of up to US$50 million to finance the on-going construction of the sintered magnets facility in Narva, Estonia […]
Early next year, Seong-An Co., Ltd. of the Republic of Korea, traditionally a textile company, is expected to begin, or advance closer to beginning, its new phase as a sizeable manufacturer of magnets as well […]
Chinese rare earths company Shenghe Resources continues to build its footrprint as a globally connected rare earths company. In two recent moves, it pledged to invest $96 million in Australian minerals firm Peak Rare Earths that provides critical funding for its mine development in Tanzania and agreed to pay Toronto-based Neo Performance Materials $30 million to acquire processing assets of Neo in China. […]
In a stunning demonstration of investor interest in magnet recycling, Cyclic Materials of Toronto has successfully closed an oversubscribed $53 million Series B equity round, bringing the company’s total equity raised to $83 million. Cyclic […]
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