New funding to fuel first U.S. REE plant

Private partners back Phoenix Tailings tech for critical rare earths.

Backed by a fresh infusion of $33 million in strategic capital, Phoenix Tailings, Inc. is set to complete its new facility in New Hampshire that will produce up to 500 metric tons of rare earth metals per year, enough to meet the entire annual demand of the U.S. defense industrial base.

Founded in 2018, Massachusetts-based Phoen...