Cyclic Materials is having probably 10 times more conversations with potential magnet customers than before.
Ahmad Ghahreman
CEO of Cyclic Materials
We have seen a step change in inbound interest in our technology not only from customers, but also from investors.
Jonathan Rowntree
CEO of Niron Magnetics
Increase in conversations with potential customers
10 times
Total Series B funding raised by Phoenix Tailings
$76 million
Additional funding raised for Series B by Phoenix Tailings
$33 million
Key Facts
- China's export restrictions on rare earth metals and magnets are significantly driving investor interest in startups focused on rare earth mineral innovations.
- Advanced technology will be crucial for the U.S. to develop processes that are cleaner, lower cost, safer, and more efficient than those in China.