The Logistics Report: Pentagon Invests in Startup Aiming to Supply Metal for Critical Magnets — WSJ Newsletter

By Mark R. LongHertha Metals, a startup planning to produce high-purity iron for U.S.-made rare-earth magnets-essential to F-35 jet fighters and missile-guidance systems-said it closed a $133.65 million Series A round that includes a $65 million equity investment from the U.S. government.The financ…