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- 1Pentagon backs $134 million raise for US rare-earth magnet startup●Exclusive | Pentagon Joins $134 Million Raise for Startup to Make U.S. Iron for Rare-Earth Magnets
The Pentagon has joined a $134 million funding round for a startup working to produce U.S.-made iron for rare-earth magnets, according to a Wall Street Journal exclusive. The investment signals a push to build a domestic supply chain for materials critical to weapons systems, electric vehicles and electronics, reducing reliance on foreign producers, particularly China.
- 2U.S. Puts $29.5 Million Into Critical Minerals Technology▼U.S. Invests $29.5 Million To Develop Critical Minerals Technology
The United States is investing $29.5 million to develop technology for critical minerals, a sector seen as vital to clean energy, electronics and national security. The funding aims to advance domestic capabilities in extracting and processing materials such as lithium, cobalt and rare earths, reducing reliance on foreign supply chains. Details on recipients and projects have not been widely reported.