Vulcan Elements
Updated: December 28, 2025
Founder John Maslin
Country: USA | Funding: $690.2M (+)
Founded: 2023
Website: https://www.vulcanelements.com
Vulcan Elements, a rare-earth magnets manufacturing startup backed by Donald Trump Jr. and having government contracts. The company says it has optimized the magnet manufacturing and recycling process and increased its efficiency, autonomy and cost competitiveness. It intends to build the Western rare earth supply chain and domestic production of magnets used in consumer electronics and weapons. Vulcan already runs small-scale commercial manufacturing and R&D facility and is building $1 billion ‘Polaris facility’ in North Carolina.
Founded: 2023
Website: https://www.vulcanelements.com
Vulcan Elements, a rare-earth magnets manufacturing startup backed by Donald Trump Jr. and having government contracts. The company says it has optimized the magnet manufacturing and recycling process and increased its efficiency, autonomy and cost competitiveness. It intends to build the Western rare earth supply chain and domestic production of magnets used in consumer electronics and weapons. Vulcan already runs small-scale commercial manufacturing and R&D facility and is building $1 billion ‘Polaris facility’ in North Carolina.
