Materials/Manufacturing
Ucore Builds Momentum Toward Rare Earths Processing in 2026 in Louisiana
Canadian minerals exploration company Ucore Rare Metals aims to become a commercial processor of heavy rare earths in Louisiana in 2026 […]
Vacuumschmelze
Materials/Manufacturing
Pensana Rakes In $100M Investment to Support Mine-to-Magnet Buildup as Ore Reserves Mushroom in Angola; Makes Offtake Deal with VAC
Pensana has raked in a $100 million stock investment by an unnamed strategic Investor in support of the UK company’s mine-to-magnet strategy. The move follows soon after a detailed evaluation of its developing Longonjo property in Angola resulted in jumping by five times its content of rare earths for magnet applications — elevating the property’s status as an important potential future provider of magnetic feedstock outside China. […]
Materials/Manufacturing
Aclara Resources Building Vertically Integrated Mines-to-Magnets Enterprise in the Americas
Aclara Resources is set for a transformative year with several key milestones on the horizon, says CEO Ramon Barua, who recently updated Magnetics Magazine on the status of the company’s projects. The developing operations span multiple countries in the Americas including Brazil, Peru, Canada and the United States as it forges a fully integrated mines to magnets business that is decidedly devoid of China.
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Electromagnetics
Power-Hungry Automobiles Stimulate Advancements in Magnetic Current Sensing that Apply Widely to Electrification Markets
Led by demands of the electric vehicle market but extending widely to many other applications, magnetic current sensors are increasingly replacing sense resistors and current transformers. A few examples of new magnetic current sensing products illustrate the rapid-fire developments that are bringing change.
Materials/Manufacturing
UK Funds Recycling Projects with Ionic Technologies & Partners
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.
Materials/Manufacturing
Cyclic Materials Raises $53M to Accelerate Global Expansion of Magnet Recycling
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 […]
Materials/Manufacturing
Cyclic Materials Opens Magnet Recycling Plant, Signs Supply Deals with Solvay & Vacuumschmelze
Startup recycler Cyclic Materials is stepping out to commercial operation with the opening of its first-phase plant in Canada and two new supply chain deals – one with Solvay in Brussels and another with Vacuumschmelze of Germany who has a new magnet plant now under construction in the USA.
In early June, the Toronto-based company opened its Hub100 plant in Kingston, Ontario. The plant is the first scaled version of Cyclic’s hydrometallurgical technology, REEPure, and is positioned to demonstrate the feasibility of the technology at a commercial scale. The plant has a design capacity to recycle 100 tons of magnetic material per year, producing recycled mixed rare earth oxides (rMREO) that can be reused in the rare earth magnet supply chain, as well as nickel and cobalt hydroxides. […]