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Vulcan Elements Wins $620 Million U.S. Department of War Contract

The rare-earth magnets startup, backed by Donald Trump Jr.’s 1789 Capital venture firm, has reportedly secured a major defense-related agreement.

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Terms & Concepts
  • Rare-earth magnets: High-strength permanent magnets produced from rare-earth elements, widely used in defense, electronics, and renewable energy.
  • Venture capital (VC): A form of private equity financing provided to startups and small businesses with high growth potential.