The metallization facility will solve a critical gap in the U.S. supply chain – strengthening the U.S. economy and ensuring adversarial nations do not dictate American autonomy.

Phoenix Tailings opened one of the first domestic rare earth metallization facilities with zero reliance on Chinese inputs, equipment, or technology. Initially, the facility will produce 200 tons of both light and heavy rare earth metals each year, with the capacity to scale to more than 1,000 tons per year. This capacity will be able to supply the entire U.S. defense industrial base and ensure the economy remains resilient as rare earths become an increasing challenge.

“We are opening this facility at a critical point for the United States. For decades, China has dominated the global rare earth supply chain, which places the autonomy of the United States at risk,” said Nick Myers, co-founder and CEO of Phoenix Tailings. “By focusing on the challenge of metallization, our newest facility unlocks the rest of the supply chain in the United States and protects our nation’s freedom.”

“As we continue to expand, we’re committed to working alongside industry partners, government agencies, and the private sector to build a longstanding, American rare earths supply chain from tailings to metal,” said Myers.

Phoenix Tailings specializes in stabilized chemistries and leverages them on each part of the supply chain. With a particular emphasis in this facility on the process of converting oxide to metal – referred to as metallization – Phoenix is well-positioned to support a burgeoning industry of rare earths outside of China.

“Every rare earth mine, recycler, and magnet company needs metallization in the supply chain – but the United States has lacked reliable capacity for decades. This facility brings that capability to market, reliably supplying America and her allies. This development also advances our company towards our ultimate vision of serving the full value chain from tailings to metal,” said Myers.

Phoenix Tailings sells to customers within the U.S. and allied nations in the automotive, defense, and medical device sectors. The Exeter facility is one of the largest rare earth metal-making facilities in the Western world. It will initially produce neodymium-praseodymium (NdPr) and dysprosium-iron alloy (DyFe) and expand to include dysprosium (Dy), terbium (Tb), samarium (Sm), yttrium (Yt), gadolinium (Gd), germanium (Ge), gallium (Ga) and other key metals. Phoenix’s facility in Burlington, MA, which opened in 2023, will also continue production of heavy and light rare earth metals.

The company has support from world-class investors, partners, and agencies including Envisioning Partners, Builders Vision, Yamaha Motor Ventures, Techstars, and Presidio, the venture arm of Sumitomo Corporation, and several other key investors.

“Our statement to the world is clear: America is here and is ready to dominate the rare earth sector,” said Nick Myers.

About Phoenix Tailings

Phoenix Tailings is a U.S.-based rare earth metals production company that aims to create a stable, circular rare earths supply chain from tailings to metal. The company currently operates domestic refining facilities in Massachusetts and New Hampshire and ships final metal products globally. The company has developed innovative technology that enables the economic and safe processing of rare earth elements into final metals and metal alloys. The company has support from world-class investors, partners, and agencies including IQT, Envisioning Partners, Builders Vision, Yamaha Motor Ventures, Techstars, and Presidio, the venture arm of Sumitomo Corporation, and several other key investors.

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