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USSM to invest $95 million in Missouri rare-earth magnet recycling venture

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  • USSM and Ionic Rare Earths USA agreed to pursue a 50-50 magnet recycling joint venture.
  • $100 million would fund initial NdFeB and SmCo recycling facilities, including $95 million from USSM.
  • The parties intend to complete definitive agreements by the end of 2026.
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USSM to invest $95 million in Missouri rare-earth magnet recycling venture - CoinPost Terminal