(Mulberry Industries: Norcross, GA) -- Mulberry Industries, a Georgia-based vertically integrated manufacturer of high-performance permanent magnets and advanced electrical systems, and Ramaco Resources, a leading developer of critical minerals and rare earth elements at its Brook Mine in Wyoming, announced they have entered into a nonbinding memorandum of understanding (MOU) to negotiate an offtake partnership that will bolster America’s domestic rare earth and permanent magnet supply chain.

Under the MOU, Ramaco will negotiate an agreement to provide Mulberry, on a nonexclusive basis, with a supply of customized oxide blends that include the rare-earth elements samarium, NdPr, yttrium, gallium, and Dy/Tb. Mulberry will use this domestic feedstock to bolster its existing 10-year rare-earth stockpile to manufacture advanced permanent magnets at its facility in Georgia for customers in defense, aerospace, automotive, and robotics industries.

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