We are bringing the rare earth
magnet supply chain
back to America
Facilities and Operations
Magnet Production
We are building a sintered neo magnet manufacturing facility in Stillwater, OK which is currently planned to go commercial in the first half of 2026. At full capacity, this facility will be able to produce nearly 5,000 metric tons, or hundreds of millions of magnets, annually. We will serve a variety of fast-growing industries, such as defense, robotics, electric vehicles, wind power, appliances, cordless tools and even computing and semiconductors. Our Innovations Lab should be commissioned in Q1 2025 and we expect to begin prototyping to customers in the second quarter.
100 West Airport Rd, Stillwater, Oklahoma 74075
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Rare Earth Deposit
Our unique Round Top deposit in West Texas hosts 15 of the 17 rare earth elements, including all heavy rare earth elements, as well as other high-tech metals such as gallium, hafnium, zirconium, beryllium and lithium. Long-term, we intend to use the ore processed from this deposit in our magnet facility in Oklahoma, and supply other industries including the U.S. defense industry, with our critical minerals.
Hudspeth County, West Texas
Research & Development
We have been developing our own processing capabilities since 2020 in support of the development of our Texas Round Top deposit at our R&D facility in Wheat Ridge, CO. We have developed a proprietary Continuous Ion Exchange process for rare earth and critical mineral separation in addition to incorporating known and accepted mineral extraction practices, such as heap leach and solvent extraction.
11407 W Interstate 70 Frontage Rd N, Wheat Ridge, CO 80033
Frequently Asked Questions
Rare earths are a group of 17 elements found in the periodic table, including the 15 lanthanides plus scandium and yttrium. Fifteen of these 17 elements are present in the Round Top Mountain Deposit controlled by us and are considered critical for various commercial and defense technologies.
We will be a leading supplier of sintered neo magnets and other rare earth materials. These products are critical components in various technologies, particularly within the energy, mobility, and defense sectors. The company has operations in Oklahoma, Colorado, and Texas.
Our products, sintered neodymium magnets, also known as sintered neo magnets, are a type of permanent magnet made from a sintered composite of neodymium, iron, and boron. Their exceptional magnetic strength and high energy density make them incredibly valuable for a wide range of applications in various industries, including electric vehicles, wind turbines, and consumer electronics.
Critical materials are crucial for developing and maintaining cutting-edge military technology, including aircraft, vehicles, and communication systems. Access to a stable supply of these materials is vital to ensure the nation's defense capabilities are not compromised during times of conflict or geopolitical instability. The US government has recognized the importance of critical materials and is actively taking steps to secure its supply chains, including investing in domestic production and recycling initiatives.
China has historically been the dominant manufacturer of sintered neo magnets and currently controls over 90% of the global market.
Yes, in January 2025 we announced the successful production of our first batch of sintered permanent rare earth magnets at our new cutting-edge Innovations Lab in Stillwater, Oklahoma.
The manufacturing facility is over 310,000 square feet and is located in Stillwater, Oklahoma. Prototyping for potential customers is expected to begin in 2025. Commissioning of the initial line (1,200-ton annual capacity) is planned for 2026.
Investors can find more information on the SEC website (www.sec.gov).