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Vulcan Elements
American rare earth magnet manufacturer From Wikipedia, the free encyclopedia
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Vulcan Elements is a startup manufacturer of rare earth magnets located in Durham, North Carolina.
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Production
Vulcan Elements currently produces sintered neodymium magnets.[1][2][3][4] As of October 2025[update], its production capacity is around 10 metric tons per year.[5]
History
Vulcan Elements was founded in 2023 by former U.S. Navy nuclear propulsion lab financial manager John Maslin, alongside electrical engineer Piotr Kulik, with the intention of competing with rare earth magnet manufacturers based in China.[6][1] Maslin was studying at Harvard University when he started the business.[1]
The company opened its first manufacturing facility on March 31, 2025.[7][1] The opening of the plant was attended by academic, political, and military leaders, including Leonardo Williams, Pat Harrigan, Chris Miller, and Nadia Schadlow.[3][7][8]
In August 2025, the company raised $65 million at a $250 million total valuation, with investors including Altimeter Capital, One Investment Management, and 1789 Capital.[6][9][10][11][12] It had also secured orders from the U.S. military.[6][13]
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Key people
John Maslin is the CEO and founder. Jake Bowles is COO. Piotr Kulik is CTO. Scott Glover is CCO.[14]
Supply chain
Vulcan Elements aims to source its materials and equipment exclusively from companies that are based in the United States and whose supply chains do not involve business entities based in China.[3][6] Companies in their supply chain include ReElement Technologies in Indiana and Consarc in New Jersey.[3][15][16]
Facilities
The company's primary facility for both manufacturing and research and development (R&D) is located in the Research Triangle Park in North Carolina.[1] The facility interior encompasses 21,000 sq ft (2,000 m2) and is equipped with a Consarc strip casting furnace.[3] Its process is validated by the Ames National Laboratory.[6]
See also
References
External links
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