Cyclic Materials recently announced it has closed an over-subscribed USD $75 million Series C equity round, its largest to date, scaling up operations across the US and Europe and accelerating Canada-based research and development footprint. […]
Canadian minerals exploration company Ucore Rare Metals aims to become a commercial processor of heavy rare earths in Louisiana in 2026 […]
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. […]
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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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.
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.
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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