{"id":70815,"date":"2025-08-25T19:22:09","date_gmt":"2025-08-25T19:22:09","guid":{"rendered":"https:\/\/staging.sightlinemg.com\/defensenews\/uncategorized\/2025\/08\/25\/vulcan-elements-wins-pentagon-deals-as-65m-round-fuels-expansion\/"},"modified":"2026-08-18T20:53:08","modified_gmt":"2026-08-18T20:53:08","slug":"vulcan-elements-wins-pentagon-deals-as-65m-round-fuels-expansion","status":"publish","type":"post","link":"https:\/\/staging.sightlinemg.com\/defensenews\/industry\/2025\/08\/25\/vulcan-elements-wins-pentagon-deals-as-65m-round-fuels-expansion\/","title":{"rendered":"Vulcan Elements wins Pentagon deals as $65M round fuels expansion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Vulcan Elements, a 2-year-old startup manufacturing <a href=\"https:\/\/www.defensenews.com\/opinion\/commentary\/2019\/11\/12\/the-collapse-of-american-rare-earth-mining-and-lessons-learned\/\" target=\"_self\" rel=\"\" title=\"https:\/\/www.defensenews.com\/opinion\/commentary\/2019\/11\/12\/the-collapse-of-american-rare-earth-mining-and-lessons-learned\/\">rare earth magnets<\/a> in North Carolina, has quietly landed more than $10 million in Defense Department contracts across every branch of the U.S. military.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The deals underscore how urgent the Pentagon\u2019s need has become to build a <a href=\"https:\/\/www.defensenews.com\/congress\/2022\/06\/17\/congress-wants-to-double-rare-earth-mineral-fund-to-free-defense-supply-chain-from-china\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.defensenews.com\/congress\/2022\/06\/17\/congress-wants-to-double-rare-earth-mineral-fund-to-free-defense-supply-chain-from-china\/\">domestic supply chain for one of the most critical components<\/a> in modern technology. China currently <a href=\"https:\/\/www.defensenews.com\/congress\/2022\/05\/23\/congress-and-pentagon-seek-to-shore-up-strategic-mineral-stockpile-dominated-by-china\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.defensenews.com\/congress\/2022\/05\/23\/congress-and-pentagon-seek-to-shore-up-strategic-mineral-stockpile-dominated-by-china\/\">produces 94% of the global supply<\/a> and cut off magnet exports in April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company, founded by former U.S. Navy officer John Maslin, said it has secured nine DOD contracts in the past eight months. Vulcan opened its manufacturing facility doors on March 31 and is delivering on initial contracts over the next 60 days, Maslin told Defense News.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Vulcan is supplying magnets for ground vehicles, shipbuilding, munitions, drones, satellites and other priority defense programs, directly through the DOD and in partnership with defense primes and subcontractors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These magnets are the \u201cinvisible building blocks of our economy\u201d and are found in every advanced military system from motors to sensors to actuators and generators, Maslin said. \u201cIf you don\u2019t have them, you can\u2019t build the end item,\u201d he added. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The DOD contracts arrive as Vulcan announced a $65 million Series A funding round earlier this month, led by Altimeter Capital with participation from One Investment Management. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis Series A enables Vulcan to scale with the speed and seriousness that this moment and the nation demand,\u201d Maslin said in the company\u2019s announcement. \u201cIf we execute with discipline, we can rebuild one of the most critical supply chains of the 21st century \u2014 on U.S. soil.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The capital will allow the company to move beyond its current 10-metric-tonnes-producing pilot facility in Durham, where it has already demonstrated production of several magnet grades validated by the Department of Energy, toward full commercial scale, according to Maslin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Vulcan expects to bring several hundred tonnes of annual capacity online within a few years and thousands of tonnes by the end of the decade. A tonne equates to 1,000 kilograms or approximately 2,204 pounds. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new money enables Vulcan to expand the number and scale of contracts it can execute, pushing forward on qualification programs with multiple branches of the armed services and major defense contractors, Maslin said. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFrom day zero this company was built to make magnets for defense, aerospace and critical economic industries in that order,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Pentagon has elevated magnets to the same level of strategic urgency as semiconductors and batteries. Congress, in the fiscal 2023 National Defense Authorization Act, directed the Defense Department to brief lawmakers on a magnet manufacturing strategy, and new rules now require proof of provenance for magnets in U.S. defense systems, effectively banning Chinese inputs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Vulcan\u2019s pitch is that it is fully \u201cdecoupled\u201d from China at every level from ownership, equipment, software, and raw materials and can meet those traceability requirements. Its process, validated by the Department of Energy\u2019s Ames Laboratory, uses U.S. and allied inputs exclusively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The urgency isn\u2019t limited to defense. Rare earth magnets are essential for artificial intelligence data centers, robotics, electric vehicles and semiconductor manufacturing equipment. Demand is expected to climb exponentially, Maslin said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For now, Vulcan\u2019s 10-tonne output is \u201ca drop in the bucket,\u201d Maslin admits, but the startup argues that mastering magnet production at any volume is an achievement in itself. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The process isn\u2019t as simple as pushing a button, Maslin noted. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s complex, advanced manufacturing, you\u2019re dealing with metallography, crystal structures, powdered metals. It is phenomenally difficult to get this right, and whether it\u2019s one tonne or 1,000 tonnes, if you can\u2019t make a magnet, it doesn\u2019t matter.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the new funding, Vulcan is hiring engineers and technicians to staff its next facilities as it ramps toward industrial scale. The company is betting that what\u2019s now a series of small contracts with every military branch will grow into a cornerstone role in the nation\u2019s bid to onshore one of the last critical choke points in the global supply chain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rare earth magnets startup Vulcan Elements is rapidly minting DOD deals to produce the critical component for vital weapons programs. <\/p>\n","protected":false},"author":7,"featured_media":119887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":12,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[7,160,12,14,16,36,19],"tags":[8592],"coauthors":[3330],"class_list":["post-70815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-air","category-daily-news-roundup","category-industry","category-land","category-naval","category-newsletters","category-pentagon","tag-china"],"acf":{"subheadline":"","legacy_arc_id":"WGAHPKIXUJFT5KS7STTEHAMU3I","arc_canonical_url":"\/industry\/2025\/08\/25\/vulcan-elements-wins-pentagon-deals-as-65m-round-fuels-expansion\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented 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