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Vulcan Elements

Vulcan Elements

Durham, North Carolina · Founded 2023
Website ↗LinkedIn ↗Explore on the Arda map →
Valuation
—Est.
Raised
$740MEst.
Stage
Series A
Open roles
56

Vulcan Elements manufactures rare earth magnets for EVs and defense, driving innovation, efficiency, and supply chain security.

Funding History
Debt Financing$620M
Nov 2025 · Lead: Department of Defense’s Office of Strategic Capital (OSC)
Venture Round$50M
Nov 2025 · Lead: U.S. Department of Commerce
Series A$65M
Aug 2025 · Lead: Altimeter Capital
Participants: One Investment Management
+1150% · 12.5x · 20 mo vs. Seed
Seed$5M
Dec 2023 · Lead: FJ Labs
Participants: Ibex Investors, NVP Capital
Round Size Change
Latest Round Change
+1150%12.5x
$65M Series A vs. $5M Seed
Seed
$5M
Dec 2023
+1150% · 12.5x
→
20 mo
Series A
$65M
Aug 2025
Open roles at Vulcan Elements
Technical Program ManagerBenson, NCSr. Analytical ManagerBenson, NCSenior Laboratory Technician Research Triangle Park, NCMechanical Systems EngineerBenson, NCElectrical Systems EngineerBenson, NCCapital Projects EngineerBenson, NCStaff Process EngineerResearch Triangle Park, NCSr. Manager, QualityBenson, NC
Showing 8 of 56Careers page ↗
Leadership
John Maslin
CEO & Co-Founder
News & press
Vulcan Elements and Ucore Join Forces to Build Domestic Rare Earth Magnet Supply Chain on U.S. Soil—Securing American Magnet Independence
Mar 24, 2026
Leapfrogging China’s Critical Minerals Dominance
Feb 5, 2026
Beyond Chips: Rare Earth Magnets and the Future of AI Infrastructure
Jan 21, 2026
Pentagon Lends $700 Million to Vulcan, ReElement for Magnets
Nov 21, 2025
Office of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies
Nov 21, 2025
Vulcan Elements Selects Benson, North Carolina, for $1 Billion Magnet Facility
Nov 18, 2025
Budd Delivers Remarks Celebrating Vulcan Elements $1B Investment in N.C. to Reshore Rare Earth Magnet Industry
Nov 18, 2025
Rare-earth magnet maker plans 1,000-job factory in North Carolina
Nov 18, 2025
Governor Stein Announces Vulcan Elements Selects Johnston County for 1,000-Job Magnet Factory, Investing Nearly $1 Billion in the Town of Benson
Nov 18, 2025
Magnet Maker Grows as US Seeks Rare Earths Amid China Trade War
Nov 18, 2025
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Valuation and funding totals are directional estimates and may not reflect confirmed terms.
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