Vulcan Elements

Awards received4

• OSC conditional loan commitment for magnet manufacturing

  Nov 21, 2025 · Loan

  From Office of Strategic Capital

  Confirmed
  Up to $620M

  Ceiling
• CHIPS incentives letter of intent

  Nov 21, 2025 · Grant

  From U.S. Department of Commerce

  Confirmed
  Up to $50.0M

  Ceiling
• Domestic rare earth magnet qualification

  Undated · Contract

  From Defense Logistics Agency

  Confirmed
  $895K

  Obligated · up to $895K ceiling
• Securing DAF supply chains with rare earth magnets

  Undated · Contract

  From U.S. Air Force

  Confirmed
  $3.1M

  Obligated · up to $3.1M ceiling

Programs1

• SkyFoundry

  Supplier · Development

Produces, processes or develops2

• NdFeB permanent magnets

  Develops · 10,000 tonnes/yr magnets · Vulcan Elements Benson magnet factory

  Planned factory.

  CriticalConfirmed
• NdFeB permanent magnets

  Produces · 10 tonnes/yr magnets · Vulcan Elements Durham magnet plant

  CriticalReported

Suppliers1

• Energy Fuels

  Supplies NdPr oxide

  MOU; initial validation quantities of light and heavy separated oxides.

  Confirmed

Customers1

• U.S. Army

  Supplies NdFeB permanent magnets

  Magnet supplier for the Army SkyFoundry small-drone production initiative.

Profile2

1. 1
   CompanyVulcan Elements - Rare Earth Magnets for a Resilient Future

   Vulcan Elements · Supports Organization · name

   “Vulcan Elements - Rare Earth Magnets for a Resilient Future”

2. 2
   DatabaseVulcan Elements — linkedin profile

   Linkedin via Bright Data · Supports Organization · company size, Organization · founded, Organization · logo, Organization · url

   “{"company_size": "51-200 employees"}”

Technologies1

1. 3
   NewsVulcan Elements wins Pentagon deals as $65M round fuels expansion

   Defense News · Aug 25, 2025 · Supports Facility, Organization, Organization input, Organization technology

   “move beyond its current 10-metric-tonnes-producing pilot facility in Durham”

Funding8

1. 4
   NewsVulcan Elements raises $430M for Johnston County factory

   Triangle Business Journal · Apr 3, 2026 · Supports Funding round · amount

   “Vulcan Elements raises $430M for Johnston County factory”

2. 5
   Regulatory filingVulcan Elements Holdings Corp. - SEC Form D (0001315863-26-000258)

   U.S. Securities and Exchange Commission · Apr 2, 2026 · Supports Funding round · amount

   “Total Amount Sold $430,723,746 USD”

3. 6
   CompanyVulcan Elements Forges $1.4 Billion Partnership with the United States Government and ReElement Technologies

   Vulcan Elements · Nov 3, 2025 · Supports Funding round · amount

   “financed by a $620 million Direct Loan from the Department of War’s Office of Strategic Capital”

4. 7
   Regulatory filingVULCAN ELEMENTS INC. - SEC Form D (0002005797-25-000002)

   U.S. Securities and Exchange Commission · Aug 20, 2025 · Supports Funding round · amount

   “Total Amount Sold $62,444,972 USD”

5. 8
   CompanyVulcan Elements Announces $65 Million Series A, and Produces High-Performance Rare Earth Magnets in the United States

   Vulcan Elements · Aug 11, 2025 · Supports Funding round · amount

   “announced the close of a $65 million Series A, led by Altimeter Capital and with significant participation from One Investment Management”

6. 9
   NewsVulcan raises $65 million to onshore rare-earth magnets

   Axios · Aug 11, 2025 · Supports Funding round · post money valuation usd

   “has raised $65 million in Series A funding at a $250 million valuation”

7. 10
   Regulatory filingVULCAN ELEMENTS INC. - SEC Form D (0002005797-24-000001)

   U.S. Securities and Exchange Commission · Nov 12, 2024 · Supports Funding round · amount

   “Total Amount Sold $3,700,000 USD”

8. 11
   Regulatory filingVULCAN ELEMENTS INC. - SEC Form D (0002005725-23-000002)

   U.S. Securities and Exchange Commission · Dec 26, 2023 · Supports Funding round · amount

   “Total Amount Sold $5,201,998 USD”

Government3

1. 12
   Government recordOffice of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies

   U.S. Department of War · Nov 21, 2025 · Supports Government award

   “signed a preliminary non-binding letter of intent to provide $50 million in proposed federal incentives under the CHIPS and Science Act”

2. 13
   Government recordAward FA864924P1013

   USAspending.gov · Supports Government award, Government award · obligated amount

   “Award Amount: 3,128,422.09; Awarding Sub Agency: Department of the Air Force; Description: SECURING DEPARTMENT OF THE AIR FORCE (DAF) SUPPLY CHAINS WITH RARE EARTH MAGNETS”

3. 14
   Government recordAward SP800025C0004

   USAspending.gov · Supports Government award, Government award · obligated amount

   “Award Amount: 894,681.00; Awarding Sub Agency: Defense Logistics Agency; Description: DOMESTIC RARE EARTH MAGNET QUALIFICATION”

Supply chain3

1. 15
   NewsUS Army Picks Vulcan Elements to Supply Magnets for SkyFoundry Drones

   The Defense Post · Sep 28, 2026 · Supports Supply relationship

   “The US Army has selected Vulcan Elements to supply rare earth magnets for SkyFoundry, its initiative to develop and manufacture small drones in the US.”

2. 16
   Government recordGovernor Stein Announces Vulcan Elements Selects Johnston County for 1,000-Job Magnet Factory

   Office of the Governor of North Carolina · Nov 18, 2025 · Supports Facility, Organization, Organization input

   “This manufacturing plant will achieve 10,000 metric tonnes of magnet production capacity”

3. 17
   CompanyEnergy Fuels and Vulcan Elements Join Forces to Advance U.S. Rare Earth Magnet Security

   Energy Fuels · Aug 26, 2025 · Supports Supply relationship

   “Energy Fuels has agreed to supply initial quantities of high-purity "light" and "heavy" separated rare earth oxides to Vulcan in Q4 of 2025.”

People1

1. 18
   DatabaseVulcan Elements — crunchbase profile

   Crunchbase via Bright Data · Supports Role · founders

   “{"founders": [{"id": "john-maslin-8183", "type": "person", "value": "John Maslin"}, {"id": "piotr-kulik-bdc6", "type": "person", "value": "Piotr Kulik"}]}”