Vulcan Elements $1.4B US Magnet Supply Chain Partnership
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A startup specializing in rare-earth magnets, Vulcan Elements, has secured a $620 million conditional loan commitment from the Department of Defense, a company in which the venture capital firm 1789 Capital (where Donald Trump Jr. is a partner) holds a stake. Details of the Deal Company: Vulcan Elements, a North Carolina-based startup with approximately 30 employees focused on producing rare-earth magnets used in military equipment such as drones, radar systems, and submarines. Funding: The $620
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