Federal Funding Boost for Critical Mineral Extraction Technology
December 4, 2025 - 22:12
WOBURN, Mass., December 04, 2025—Phoenix Tailings has been awarded $1.6 million in federal funding from the U.S. Department of Energy. This significant financial support aims to enhance the extraction of critical minerals from wastewater, a crucial step in securing the United States' rare earth supply chains.
The funding will enable the company to advance its innovative technology, which focuses on recovering valuable minerals that are often lost in traditional mining processes. As global demand for rare earth elements continues to rise, this initiative is expected to play a pivotal role in reducing reliance on foreign sources and promoting domestic production.
The initiative aligns with the federal government's commitment to strengthening the nation's critical mineral supply chains, which are vital for various industries, including renewable energy, electronics, and defense. By investing in sustainable extraction methods, Phoenix Tailings is positioning itself as a leader in the transition towards a more resilient and environmentally friendly mineral economy.
MORE NEWS
February 3, 2026 - 13:55
SoftBank subsidiary to work with Intel on next-gen memory for AIA strategic partnership has been announced between Intel Corporation and a subsidiary of SoftBank Group, aiming to accelerate the commercialization of cutting-edge memory solutions specifically...
February 2, 2026 - 21:25
Disability studies professor explores 'double bind' of medical technology in new bookMedical technology is often viewed as a neutral tool for healing or curing; however, for many disabled people, it represents a complex power dynamic between their own lived experiences and clinical...
February 2, 2026 - 03:07
Mizuho lifts Micron Technology, Inc. (MU)’s price target to $480, maintains outperform ratingInvestment firm Mizuho Securities has significantly increased its price target for Micron Technology, Inc. (MU), expressing strong confidence in the memory chipmaker`s financial trajectory. The...
February 1, 2026 - 03:04
A $1,000 Seed in Micron 42 Years Ago Would Have Blossomed into a FortuneThe staggering returns from early investments in technology titans are coming into focus, with Micron Technology serving as a prime example. A modest investment made decades ago would have yielded...