Momentum Technologies Expands Platform to Support National Supply Chain for Rare Earth Elements

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CARROLLTON, Texas--(BUSINESS WIRE)--Oct 7, 2025--

Momentum Technologies (“Momentum”), a company revolutionizing critical mineral and metal recovery for reuse, today announced that its Carrollton, Texas demonstration plant has commenced the processing of rare earth element (“REE”) waste from magnet swarf and mining tailings at commercial scale using its proprietary Membrane Solvent Extraction (MSX) technology. MSX is being applied to expand U.S. domestic supply of neodymium, praseodymium, dysprosium and other high-value REEs critical to permanent magnets. The Carrollton facility marks a key milestone in Momentum’s strategy to scale REE recovery, with planned future expansions aimed at strengthening the U.S. supply chain for rare earths and other critical minerals.

The REE expansion builds on Momentum’s previous announcement that its patented MSX platform has consistently achieved commercial-grade, high-purity nickel, cobalt, and lithium streams from end-of-life batteries, with yields exceeding 90% and product purity over 99%. The MSX platform leverages efficient, modular, and decentralized refining that can co-locate with suppliers rather than require CapEx-heavy mega-plants.

Currently, the U.S. imports approximately 80-90% of REEs from China, but a stockpile of more than 2,000 tons of recyclable REE scrap exists domestically. At commercial scale, Momentum’s technology can counter Chinese dominance of the REE supply chain by enabling a more profitable and scalable solution to a wide range of REEs used by military, industry, and consumers.

“For years, thousands of tons of valuable sources of rare earths elements, including production waste, end of life waste, and mining tailings within the country’s borders have not had an economic solution for recovery,” said Mahesh Konduru, CEO of Momentum. “Our proprietary MSX technology allows REE recovery at best-in-class unit economics, turning these sources of materials into strategic assets waiting to be unlocked. By creating a circular economy for these materials, we directly address a critical economic and national security vulnerability.”

Investors, customers, and government agencies are increasingly focused on the strategic importance of rare earth elements. Earlier this year, executives from Momentum joined a White House-convened summit of key rare earth stakeholders for a discussion on reshoring supply chains and scaling production. Momentum is now developing collaborations with key industrial partners to fortify the supply chain including development of mine-to-magnet projects to fulfill the US demand of REEs for 2030 and beyond.

Momentum founder Preston Bryant has led a collaboration with the U.S. Department of Energy (DOE) for several years to advance the company’s technology. In 2018, the DOE’s Technology Commercialization Fund backed the company to scale a 20 kg/day unit, and in 2020, DOE’s Oak Ridge National Laboratory working in partnership with Momentum secured funding from the Defense Logistics Agency (DLA) to prove separation of heavy rare earths such as dysprosium from lighter elements. The processing of REEs at scale in Carrollton will complete a successful technology scale-up journey.

Rare earth magnets, composed of REE alloys such as neodymium, praseodymium, samarium, dysprosium, and terbium, are used in a variety of commercial and defense applications, including satellites, robotics, artificial intelligence data centers, semiconductor fabrication, drones, defense systems, electric vehicles, consumer electronics, industrial motors, and power tools. REE demand is expected to grow by 50-60% by 2040, according to the International Energy Agency’s Global Critical Minerals Outlook 2025. Less than 1% of current supply is recycled.

About Momentum Technologies
Momentum Technologies (Momentum) is a U.S.-based critical minerals company advancing national security and supply chain resilience through its proprietary Membrane Solvent Extraction (MSX) technology, originally developed with Oak Ridge National Laboratory (ORNL) with support from the U.S. Department of Defense’s (DoD) Defense Logistics Agency (DLA) and the Department of Energy (DOE) Critical Materials Innovation Hub. Momentum has proven the ability to recover lithium, cobalt, nickel, and rare earth elements—including both light and heavy REEs—from battery scrap, magnet swarf, and other complex feedstocks at commercial purity levels. With a successfully operating demonstration plant in Carrollton, TX and a commercial plant in development, Momentum is demonstrating rapid, low-cost, and modular scale-up. By enabling decentralized, high-purity refining in the U.S., Momentum directly supports the DOE’s critical materials strategy, the DoD’s secure supply chain priorities, and broader U.S. efforts to reduce reliance on China for rare earths and battery metals. For more information, please visitmomentum.technology.

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SOURCE: Momentum Technologies

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PUB: 10/07/2025 08:00 AM/DISC: 10/07/2025 08:01 AM

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