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Commerce · CHIPS Act
Vulcan Elements
announced 2025-12-12Private
Stake size
—
Announced value
$50.0M
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.
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