Phoenix Tailings, a rare earth metals producer, is installing equipment at a larger site in Exeter to enhance its metallization facility's capacity.[1] The expansion supports production of up to 200 tons of rare earth metals annually, focusing on conversion of oxides into metals for magnets and aerospace applications.
CEO Interview Spotlights Progress
On April 12, CEO Nick Myers appeared on Bloomberg's Wall Street Week, detailing the Exeter facility's role in addressing supply chain gaps.
"We're one of the best in the world on how to take oxide and convert the metal. It stages a huge supply chain gap. And that's what we do primarily right here in New Hampshire."
— Nick Myers, CEO, Phoenix Tailings[2]
Myers noted the facility sources mined products from the U.S. and Australia.
The company posted several production-related job openings in Exeter during April, including a project engineer role on April 19 and a director of environmental health and safety position on April 27.[3][4] These hires signal operational scaling at the refinement site.
Looking ahead, Phoenix Tailings plans to vertically integrate upstream toward mine sites, potentially streamlining transport and sourcing for its Exeter operations.[2]
The content of this article was computed by analyzing available sources.