May 29, 2026
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Phoenix Tailings reported plans on May 15 to expand operations at its existing rare earth refinement facility in Exeter.
The company aims to increase annual production capacity at the site to 1,000 tons. It also intends to grow its workforce from 100 to 300 employees over the next 12 months.
Expansion Details
Additional plans include opening a new production site in the Midwest. Co-founder and CEO Nick Myers was referenced in connection with the growth strategy.
The moves build on the facility's current role in processing rare earth metals domestically.
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