US Strategic Metals to build Missouri magnet recycling plant with $95 million
US Strategic Metals and Ionic Rare Earths plan a magnet recycling facility at US Strategic Metals’ 1,750-acre permitted Missouri site. USSM will contribute $95 million; Ionic Rare Earths will license its technology and lead technical operations.
US Strategic Metals said it will contribute $95 million and host a magnet recycling facility at its 1,750-acre permitted Missouri site. Ionic Rare Earths said it will license its magnet recycling technology and lead technical operations. The companies said the project is part of a 3-phase plan. The announcement was dated Sept.
3, 2026.