Nextgen Magnets

The global clean energy and electronics industries depend heavily on rare earth magnets—primarily neodymium and dysprosium—which are critical for electric motors, wind turbines, and advanced electronics. However, over 90% of rare earth magnet production is concentrated in China, creating severe supply chain vulnerabilities, price volatility, and environmental harm from mining and processing. As demand for high-performance magnets is projected to double by 2035, industries in the U.S. and allied nations face escalating risks of shortages, high costs, and geopolitical dependency. Nextgen Magnets addresses this crisis by developing sustainable, high-performance magnetic materials that reduce or eliminate the need for rare earth elements, enabling secure, domestic, and environmentally responsible magnet production for clean energy and defense applications.

Our most impressive points of traction are our strategic partnerships with Seagate and Western Digital, two of the largest and most respected companies in the data storage industry. These partnerships validate our technology and market fit, and position us to scale rapidly within high-value segments of the storage market.