VULCAN ELEMENTS INC.

Durham, NC · Founded 2023 · Materials · Private

Rare earth magnets for electric vehicles and defense applications

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Updated Oct 23, 2026 · vulcanelements.com

Sector: Materials
Headquarters: Durham, NC
Founded: 2023
Latest Form D: $62.4M, Aug 2025
Total capital: $79.8M

Federal grants: $2.8M; 5 awards · 2024–2025; Rank in peer group#61 of 84
Private capital raised: $71.3M; 3 Form D · last Aug 2025; 14 months since last filing
Federal contracts: $5.7M; 6 awards · Defense; Rank in Materials#72 of 1258
Granted patents: None on recordNo USPTO grants. Applications publish after 18 months.

Capital timeline

Latest events

Sep 2025Federal grantDefense · Phase II · Establishing A Domestic, Rare-earth Metal Manufacturing Supply Chain To Support Critical Department Of Air Force Needs$1.2M
Sep 2025Federal contractDefense · Establishing A Domestic, Rare-earth Metal Manufacturing Supply Chain To Support Critical Department Of Air Force Needs$1.2M
Aug 2025Private capital raisedForm D · SEC · 3rd filing$62.4M
May 2025Federal contractDefense · Domestic Rare Earth Magnet Qualification$895K
Mar 2025Federal contractDefense · Hybrid Electric Powertrain, Power, And Propulsion Systems (hepps) Open Topic (phase I)$248K
Mar 2025Federal grantDefense · Phase I · Hybrid Electric Powertrain, Power, And Propulsion Systems (hepps) Open Topic (phase I)$248K
Feb 2025Federal grantDefense · Phase I · Establishing A Domestic, Rare-earth Metal Manufacturing Supply Chain To Support Critical Department Of Air Force Needs$74K
Nov 2024Private capital raisedForm D · SEC · 2nd filing$3.7M
Dec 2023Private capital raisedForm D · SEC · 1st filing$5.2M

Show 5 earlier federal awards

Feb 2025Federal contractDefense · Establishing A Domestic, Rare-earth Metal Manufacturing Supply Chain To Support Critical Department Of Air Force Needs$74K
Jan 2025Federal contractDefense · Prism: Prediction And Rapid Iterations In Synthesis Of Magnets$108K
Jan 2025Federal grantDefense · Phase I · Prism: Prediction And Rapid Iterations In Synthesis Of Magnets$108K
Sep 2024Federal grantDefense · Phase II · Securing Department Of The Air Force (daf) Supply Chains With Rare Earth Magnets$1.2M
Aug 2024Federal contractDefense · Securing Department Of The Air Force (daf) Supply Chains With Rare Earth Magnets$3.1M

Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.

Standing among 84 peers

Line = median

Materials · Material

Federal grantsBelow median

Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.

Founders and team

From SEC Form D filings

Dan AronowitzDirectorNamed in SEC Form D filings
Daniel AronowitzDirectorNamed in SEC Form D filings
Daniel BorokDirectorNamed in SEC Form D filings
Erik KriessmanDirectorNamed in SEC Form D filings
John MaslinExecutive Officer, DirectorNamed in SEC Form D filings

What it has protected

No granted patents are on record.

USPTO usually publishes applications 18 months after filing, so recent applications may not be visible yet. Patents assigned under a different entity name won’t match.

Checked: USPTO granted patents and published applications · Oct 23, 2026

TRIMER TECHNOLOGIES LLCSimilar federal contract value in Materials · $5.7M in contracts
BlueQuartz Software, LLCSimilar federal contract value in Materials · $5.7M in contracts
REM CHEMICALS, INC.Similar federal contract value in Materials · $5.7M in contracts
SKYNANO LLCSimilar federal contract value in Materials · $5.5M in contracts
TRANSITION45 TECHNOLOGIES INCSimilar federal contract value in Materials · $5.5M in contracts
Vector ElectroMagnetics LLCSimilar federal contract value in Materials · $5.4M in contracts

Regulatory activity · Materials

Sector-level, not company-level

24 Apr 2026Eliminating Regulations Establishing Fellowships in Laboratory Standardization and Testing for Foreign CitizensNational Institute of Standards and Technology
19 Feb 2026Eliminating Obsolete Marking Requirements for Toy, Look-Alike, and Imitation FirearmsNational Institute of Standards and Technology
19 Feb 2026Eliminating Obsolete Regulations Related to the Advanced Technology Program and the Technology Innovation ProgramNational Institute of Standards and Technology

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.

Sources

Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.

How to read this page

Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.

Data freshness

SEC Form D filings through Oct 23, 2026. SBIR and STTR awards through Oct 21, 2026.