Commerce · CHIPS Act

Vulcan Elements

announced Dec 12, 2025Private

Stake value

$50.0M

Stake %

—

Agency

Commerce

Program

CHIPS Act

Commerce $50M CHIPS-funded stake in Vulcan Elements (rare-earth magnets)

The Commerce Department allocated $50M of CHIPS Act funds to take a significant equity stake in Vulcan Elements, a US sintered neodymium-iron-boron rare-earth magnet startup. The investment underwrites a Charlotte-area magnet plant.

Source

Public announcement ↗