★ Organization
Vulcan Elements
Business · Mining & Critical Minerals
- Actions
- 1
- Topics
- 4
- Sectors
- 1
Vulcan Elements is an American manufacturer of sintered neodymium rare-earth magnets, a component used in defense and commercial products such as drones, satellites and electric motors. Founded in 2023 by John Maslin and Piotr Kulik, the company is headquartered in Research Triangle Park, North Carolina, where it operates its production facility.
Sectors
Actions
Includes actions Vulcan Elements appears on directly, plus actions flagged against the sectors it belongs to.
White House aide rushes $620M Pentagon loan to a two-year-old startup
The borrower. A rare-earth magnet maker launched in 2023 with fewer than 50 employees, it received a $620 million conditional Pentagon loan to build a 10,000-metric-ton magnet facility, part of a $1.4 billion package. Estimates of its valuation rose from about $200 million to about $2 billion after the deal. It did not respond to ProPublica's questions.
Trump approves Ambler Road across Alaska wilderness for critical-minerals access
Mining & Critical Minerals sector — Approves road access to the Ambler Mining District, opening copper, cobalt, gallium, and germanium deposits to the mining and critical-minerals industry.
Trump order directs agencies to rescind energy-burdening regulations
Mining & Critical Minerals sector — Names critical minerals among the resources whose development rules agencies must clear, easing the regulatory load for the mining and critical-minerals industry.