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US Strategic Metals and Ionic Rare Earths establish a $100M partnership to recycle rare earth magnets in Missouri.

Sep 06, 2026•about 18 hours ago

Contract Type

partnership

St. LouisManufacturingMiningPrecious Metals

Description

US Strategic Metals and Ionic Rare Earths have announced a joint venture to build the first U.S. magnet recycling plant in Missouri. With an investment of $100 million, the companies will develop facilities for recovering valuable rare earth elements from spent magnets.

Company Information

Company

U.S. Strategic Metals

Location

St. Louis, Missouri, United States

About

U.S. Strategic Metals, LLC ("USSM") is the leading sustainable battery metals production and processing solution in North America. Recognized as the market leader in providing reliable, ethically sourced, and environmentally friendly strategic metals, USSM holds a unique position as the only vertically integrated producer and recycler of critical battery materials in North America.

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Agreement Insights

Based on industry data
Strategic partnership established
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