Material DependencyHeavy-rare earths are the company’s costliest input, and initially, magnets will be fabricated without the HRE's that make them impervious to high temperatures.
Operational RisksMaterial risks are noted in operationalizing the company's magnetics business, spanning magnet production, customer accumulation and feedstock procurement.
Tariff ImpactTariffs could increase the cost of the finishing equipment by $2 million, which is unwelcome but not catastrophic.