Vulcan Elements–North Carolina rare earth magnets: design and supply notes for engineers
Reviewed by Tom Sullivan

First reported on MINING.com
30 Second Briefing
Vulcan Elements has partnered with the North Carolina Collaboratory and UNC-Chapel Hill chemist Yosuke Kanai to use quantum-mechanical simulations to predict how atomic-level changes affect rare earth magnet properties, backed by a $600,000 research award. The work feeds directly into Vulcan’s 1.1 million-square-foot Benson, North Carolina plant, designed for 10,000 t/y of magnet production and billed as the largest rare earth magnet factory outside China. Vulcan claims its material, technology, software, IP and ownership are fully decoupled from Chinese supply chains, aligning with its existing $1.4 billion US government-backed partnership with ReElement Technologies.
Technical Brief
- The NC Collaboratory, created in 2016, has managed >US$300 million and over 800 research projects, giving established governance for this programme.
Our Take
Vulcan Elements also appears in our coverage of Energy Fuels’ rare earths output at White Mesa, signalling that the company is positioning itself across both upstream processing and downstream rare earth magnet manufacturing in North America.
The US$1.4 billion partnership value tied to Vulcan’s work with ReElement Technologies and the US government suggests this Benson, North Carolina facility is being treated as strategic industrial capacity rather than a single-asset plant, which could influence how offtake and defence-related procurement are structured.
With Aura Energy’s Tiris uranium project valued at about US$500 million in its bankable feasibility study, the juxtaposition of uranium and rare earth magnets in our database underlines how energy-transition supply chains are increasingly linking nuclear fuel projects and magnet materials in the same investment and policy conversations.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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