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 […]
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. […]
VACUUMSCHMELZE (VAC), a manufacturer of high-quality inductive components, is excited to announce the launch of its latest gate drive transformer, the T60403-F5046-X102. This innovative component is specifically designed for silicon carbide (SiC) applications, setting new standards in speed, efficiency, and loss reduction. […]
Aclara Resources Inc. has announced that it has signed a Memorandum of Understanding with VACUUMSCHMELZE GmbH & Co. KG (“VAC”), which establishes a non-binding, non-exclusive, preliminary agreement, to jointly approach potential clients as a “mine-to-magnets” […]
e-VAC Magnetics, part of Vacuumschmelze, has been awarded a $111.9 million Qualifying Advanced Energy Project Tax Credit to advance the construction of its first USA magnet manufacturing facility in Sumter, South Carolina. The facility was […]
Vacuumschmelze, one of the world’s leading producers of magnetic materials and products has announced it will build a major new magnet factory in South Carolina that will supply domestically produced magnets in the USA. The move comes shortly after the company, based in Hanau, Germany, was acquired by investment group Ara Partners in October. […]
The electrification of the world is advancing in almost every industry, which has led to a rapid increase in the demand for high precision current sensors. VAC, a leading manufacturer of magnetic materials and products refined from them, has recently set up a new product management team at headquarters in Hanau, Germany and developed a new line of sensors to address these market demands. […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes