Vulcan Elements develops and manufactures rare-earth magnets and is positioning Johnston County, North Carolina, as a production hub. The company plans a new factory in Johnston County that is projected to create approximately 1,000 jobs. It raised $430 million in financing to support that expansion. The project has drawn notable backing from the Trump administration. The articles do not disclose revenue, user metrics, founding year, or other financial details.

Total raised

$1.8B

Funding rounds

8

Latest round

Equity

Latest activity

Apr 2026