US Rare Earths Refiner Phoenix Tailings Targets IPO Within Three Years

Phoenix Tailings’ Ambitious Growth Plans in Rare Earths Refining

Phoenix Tailings focuses on extracting rare earth elements from mining waste to supply critical sectors like automotive, medical, and defense. The company currently operates a Massachusetts plant producing 40 metric tons annually and recently opened a New Hampshire facility with 200 tons capacity. CEO Nick Myers emphasizes aggressive growth, with plans for a large-scale plant producing up to 4,000 tons yearly in locations such as West Virginia, Nevada, or Texas.

Strengthening North American Rare Earth Supply Chains

The focus on rare earth refining in North America grows amid concerns about China’s supply monopoly. China controls nearly 70% of mined rare earth volumes and holds almost half the global reserves. Phoenix Tailings attracts investment from BMW AG, Yamaha Motor, Sumitomo Corp., and the U.S. Energy Department, signaling strong strategic backing. This surge supports U.S. efforts to diversify and secure rare earth supply chains essential for magnets, batteries, and electronics.

SuperMetalPrice Commentary:

Phoenix Tailings’ IPO plans highlight rising investment and strategic focus on rare earth refining outside China. As the company scales, it may reduce supply risks and foster domestic production resilience. Investors should watch this space for potential shifts in global rare earth dynamics.