VULCAN ELEMENTS INC.

Most advanced machines (i.e., electric vehicles, nuclear submarines, drones, satellites, offshore wind turbines, robotics, medical imaging equipment, iPhones, etc.) rely on rare-earth magnets to operate. Today, >90% of rare-earth magnets are produced in China where one ton of magnets manufactured emits nearly 60 tons of carbon. Reliance on a potential adversary for critical supply chain components creates risk to U.S. National Security and our ability to build a high-tech, decarbonized economy. Vulcan Elements' rare-earth magnet technology enables a secure U.S. supply chain and aids in the transition to a decarbonized economy.