February 28, 2024
WESTBOROUGH, Mass. – Today, the Healey-Driscoll Administration granted $1.4 million to Woburn-based Phoenix Tailings, a company that has developed technologies to more sustainably mine rare earth metals through a zero-waste approach. The project, funded by the Massachusetts Manufacturing Innovation Initiative (M2I2) at the Center for Advanced Manufacturing will support Phoenix Tailings’ novel approach to metal production, which utilizes highly efficient and carbon neutral processes to create additional value from rare earth metals, such as neodymium and dysprosium. These metals are essential to many critical technologies including electric vehicles, wind turbines, nuclear reactors, and jet engines.