The brief

Analyst view

• Only operational U.S. maker of sintered NdFeB magnets; closes supply chain gap after offshore consolidation.
• Multi-year supply deals with General Motors and ABB secure major industrial and automotive demand.
• Series C ($215M, Jan 2026) funds expansion beyond 2,000 tons per year.

Technical approach

As reported

Proprietary Process

EcoFlux sintering

EcoFlux sintering reduces energy to <10% of traditional methods, cutting carbon and costs.

Closed-Loop Recycling

Recovering magnets

Magnet scrap and rare earth waste are reprocessed into new material. Partners: LG Electronics, Kangwon Energy.

Supply Security

Domestic production

U.S.-only manufacturing serves customers seeking supply independence, reducing export-control risk.