Record NdPr Oxide Production
Achieved record NdPr oxide production of 563 metric tons, a 36% sequential increase from the previous quarter.
Revenue Growth
Consolidated revenue increased by 25% year-over-year, driven by a 246% increase in NdPr sales volumes.
Magnetics Division Milestone
Began initial on-spec metal production for General Motors, marking a significant milestone as the first NdPr metal production at scale in the U.S.
Strategic National Positioning
Positioned as America's national champion in rare earth magnetics, with increased engagement from both government and industry.
Magnetic Division Performance
Magnetics Division recorded $5.2 million in revenue and turned EBITDA positive in the quarter.